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 is the business environment factor affecting ABC Ltd. in this case?
 

Option 1: Economic environment

Option 2: Social environment

Option 3: Technological environment

Option 4: Political environment

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:- How can understanding the social environment help ABC Ltd. in dealing with differences in cultural practices and consumer preferences in different countries?
 

Option 1: By implementing standardized marketing strategies globally

Option 2: By ignoring cultural differences and focusing on profitability

Option 3: By adapting to local customs and practices

Option 4: By reducing product prices

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

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

Question : Case Study 17:

ABC Ltd. is a retail company that has been facing challenges in meeting government regulations related to packaging and waste management.

Q:- What is the business environment factor affecting ABC Ltd. in this case?
 

Option 1: Economic environment

Option 2: Technological environment

Option 3: Government policies

Option 4: Social environment