Ipad Pricing Strategies

In: Business and Management

Submitted By dlanders
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Business 604: Panama Ricky McNeal Liberty University Dr. Stephen Preacher October 5, 2012

Abstract

Panama, a small country located in Central America, is very diversified in both its people and its climate. Considered to be the isthmus connecting South America to North America, Panama has played a key role in global transportation since the creation of the Panama Canal. The canal goes through the midsection of the country connecting the Atlantic and Pacific oceans, allowing for much faster sea travel. Because of its location, Panama has been heavily influenced by several countries including Colombia which they were ruled by until 1903 and the United States which played such a large role in the realization of the canal. These foreign influences can easily be found in Panama's cuisine, music, and artwork as well as all the tribes that have settled within the country. The culture and political structures of Panama as we know it today has evolved from an incredibly diverse and interesting history.
Punctuality is appreciated by business people, as is giving your host enough time to plan for your arrival. Thus, you should make appointments at least one week in advance. When you meet with your Panamanian colleagues, a handshake is a normal greeting. Do not rush into a meeting with talk of business right away. Your associates are more likely interested in getting to know you first. The exchange of business cards is important.

A major challenge of doing business internationally is to adapt effectively to different cultures. In international management, culture is acquired knowledge that peoples use to interpret experiences and generate social behavior. This knowledge forms values, creates attitudes and influences behavior. Because…...

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