Three Key Interrelated Effects of Globalization on Local Cultures Include

question 1

Multiple Choice

Three key interrelated effects of globalization on local cultures include a two-way transference of culture through migration, increased cosmopolitanism, and:

• A) structuralism.
• B) relativism.
• C) consumerism.
• D) hegemony.
• E) homogenization.

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Definitions:

Timing

Refers to the ability to choose or the choice of the best moment to act or make a decision based on strategic considerations such as market conditions.

Entrepreneurial Process

The sequence of steps and stages that entrepreneurs follow to bring a new business idea to fruition, from conception through to launch and growth.

Threshold Concept

A core idea or concept that, once understood, transforms perception of a given subject, acting as a gateway to deeper understanding and learning in that field.

Critical Mass

The minimum amount of something required to start or maintain a venture, often referring to the necessary volume of customers, resources, or support to make a project viable.