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What are the two key words needed to understand the meaning of business in America?
Private and profit
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How does competition benefit consumers in the American economic system?
It encourages businesses to improve products and services to attract customers
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Which type of business creates most new jobs in the United States?
Small businesses create most new jobs
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Which two traditional American values have most significantly shaped the U.S. economic system?
Individual freedom and fair competition
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D. Promoting employees who are the most loyal to the boss
regardless of their work quality.
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Why did many American companies move their factories overseas?
Because they wanted to reduce costs and remain competitive in the global market
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eraser
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fairy
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shark
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baam
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What is the purpose of "Networking" in American business culture?
Building relationships to find job opportunities and advance one's career
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thief
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fairy
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gift
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banana
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How does "Individualism" manifest in the American workplace?
Employees take personal initiative and are evaluated on individual achievements rather than seniority
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C. Promoting employees based on their individual skills
performance
and achievements.
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Why are "entrepreneurs" celebrated in American culture?
They represent self-reliance and the ability to turn new ideas into profitable businesses
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lifesaver
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fairy
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banana
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15
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What economic system is commonly used to describe the U.S. economy?
The U.S. economy is based on free enterprise (capitalism)
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baam
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fairy
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shark
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thief
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