What Is Meant by Cultural Distance? How Does It Affect

question 82

Essay

What is meant by cultural distance? How does it affect a firm? Use a real-life example of a business affected by cultural difference. The example can be from your everyday life, or it can be something you have read or heard about

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Definitions:

Investment

The process of assigning financial resources with the goal of making a profit or gaining income.

Interest

The amount paid for the use of borrowed money, typically expressed as a percentage.

Invested

The allocation of resources, typically money, into ventures with the expectation of generating income or profit.

Interest

The cost of borrowing money or the earnings from lending money, calculated as a percentage of the principal amount.