Question : Case Study 12:
ABC Ltd. is a retail company that recently expanded its operations into international markets. It is facing challenges due to differences in cultural practices and consumer preferences in different countries.
Q:- What does the term "cultural diversity" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The existence of a variety of cultural practices and customs within a society or group
Option 4: The process of increasing economic integration and interdependence among countries
Correct Answer: The existence of a variety of cultural practices and customs within a society or group
Solution : The correct answer is (C) The existence of a variety of cultural practices and customs within a society or group
The term "cultural diversity" refers to the existence of a variety of cultural practices and customs within a society or group. It reflects the presence of different cultural backgrounds, traditions, languages, and customs among the people in a given society or organization. Cultural diversity can result from factors such as immigration, globalization, or historical cultural influences.
Q:- What does the term "cultural
Q:- How can understanding the social
Q:- What is the business environment
Question : A merchant was requested for a bottle of mineral water by Harsh. The bottle had a maximum suggested retail price of just Rs. 30, but the shopkeeper was demanding Rs. 45. The shopkeeper refused to sell the bottle for less than Rs. 45 despite numerous arguments. Harsh needed it
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