Economy & Trade
What currency does Germany use?
The Euro (€)
When should you arrive for formal business meetings?
5 to 10 minutes early
What is Germany's literacy rate?
99%
What is the population of Germany?
Germany is known as one of the top ______ nations.
Exporting
Do meetings include lots of small talk?
No, they get right into business talk.
What is Germany's strongest academic field?
STEM (Science, Technology, Engineering, & Mathematics)
Germany’s high life expectancy means what about its overall quality of life?
Strong healthcare and a high standard of living.
Who are Germany's largest trading partners outside of the EU?
The United States and China
In German meetings, how are surprises taken?
a) Neutral
b) Encouraged
c) Not well received
C) Not well received
What quality is German work culture especially known for?
Any of:
High productivity, Quality & precision, Dialogue, Workforce.
Labour markets in Germany are mainly in what type of areas?
Major metropolitan areas
What type of resource does Germany lack that makes it an "import-reliant" country?
Natural raw materials
What is expected about ideas that are presented in business meetings?
They should be structured, well-prepared, and backed by evidence
What is the result of Germany's high-class training, education, and workplace culture?
A stable, skilled workforce that can support advanced industries.
Germany has an aging population. What does this mean for the labour market?
A shrinking workforce that needs support from immigration and strong labour policies.
What two things does Germany's social market economy balance?
Free-market efficiency and social protections.
What specific details on business cards display the importance of a person?
Their academic and professional title.
Why do German companies benefit from the apprenticeship system?
It creates workers who are already trained when they start their jobs
Why is skilled immigration important for Germany’s future workforce?
It helps fill labour gaps caused by the aging population.