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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


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

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.

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