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:- 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 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:- 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 : 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 and had no choice but to make a purchase. Determine the "Right" that Harsh can use rights to:

Option 1: Right to safety

Option 2: Right to information

Option 3: Right to consumer education

Option 4: Right to be heared