Examlex
Because of the importance of this ratio, publically traded companies are required to report it directly on the income statement.
Cultural Innovation
The introduction of new ideas, products, or ways of doing things that significantly alter cultural practices and norms.
Local Market Adaptations
Adjustments made to products, services, or marketing strategies to suit the specific preferences and requirements of local markets or regions.
Cultural Innovation
involves the creation or adoption of ideas, practices, or products that significantly alter the cultural practices or norms within a society.
Local Adaptations
are modifications made to products, strategies, or communications to suit the specific tastes, cultural norms, or consumer behaviors of a particular geographic region.
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