Culture and Business
Generalized, often negative, belief about a group of people.
What is "Stereotype"?
It is a state-led regime aimed at implementing protectionist measures such as nationalizing key industries.
What is "Import Substitution Industrialization (ISI)"?
This type of power is based on the leader’s skill and knowledge.
What is "Expert Power"?
It is the "New King"
What is "Data"?
This financing option can be obtained from banks and have to be repaid with interest over a period of time.
What are "Loans"?
A society where individuals prioritize personal goals and independence over group needs.
What is an "Individualistic Society"?
Latin America was forced to choose between the US or the USSR during this war.
What is the "Cold War"?
It is the general desire or willingness of someone to do something.
What is "Motivation"?
It is an element of the Marketing Mix that describes the distribution channels used to deliver products to customers.
What is "Place"?
It is a high-growth social class attractive to foreign businesses.
What is the "Middle Class"
Natural pits of water which can be open, semi-open or closed.
What is a "Cenote"?
During this era, export and trade boomed in Latin America.
What is "Export-Led Growth"?
A rhymed phrase often used at the end of a song for compliment or flattery.
What is "Bomba"?
It is the "super-app" of Latin America.
What is "Rappi"?
Reinvesting profits back into the business is a common method of internal funding.
What is "Retained Earnings"?
Judging other cultures by your own cultural standards.
What is "Ethnocentrism"?
He was the founder of the city of Merida.
Who is "Francisco de Montejo"?
This type of conflict resolution style focuses on solutions that partially satisfy both parties.
What is "Compromising"
This Mode of Entry involves a cooperative agreement between two or more companies to achieve shared objectives.
What is "Strategic Alliances"?
It is when a private company sells shares of its stock to the public for the first time.
What is "Initial Public Offering"?
The extent to which members of a society accept and expect that power is distributed unequally
What is "Power Distance"?
Leader of independence movements in several South American countries, known as "El Libertador de America"
Who is "Simon Bolivar"?
In a negotiation, this is your optimal substitute when you can't reach an agreement.
What is "BATNA"?
It refers to the economic activities that emerge from connecting customers and businesses through technology.
What is "Digital Economy"?
This word in Spanish can mean right now, in a while, or later.
What is "Ahorita"?