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 does the term "government regulations" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The rules and guidelines set by the government for businesses and industries
Option 4: The process of promoting import restrictions
Correct Answer: The rules and guidelines set by the government for businesses and industries
Solution : The correct answer is (C) The rules and guidelines set by the government for businesses and industries
The term "government regulations" refers to the rules and guidelines set by the government for businesses and industries. These regulations are established to govern various aspects of business operations, ensuring compliance with laws and standards that promote safety, fairness, and various other societal goals. Government regulations can cover areas such as environmental protection, consumer safety, labor practices, product quality, and more.
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Q:- How can understanding government policies help ABC Ltd. in meeting regulations related to packaging and waste management?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By complying with the regulations and adopting eco-friendly practices
Option 4: By reducing the workforce
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 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
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