A Caste System Is Defined as

question 36

Multiple Choice

A caste system is defined as

• A)social stratification based on ascription,or birth.
• B)social stratification based on personal achievement.
• C)a meritocracy.
• D)any social system in which categories of people are unequal.

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Definitions:

Direct Investment

Investment made to acquire a lasting interest in or effective control over an enterprise operating in a foreign economy.

Global Entry Strategy

The plan and methods a company uses to enter international markets, including exporting, licensing, franchising, or establishing joint ventures and wholly owned subsidiaries.

Highest Possible Returns

The maximum profit or gain that can be achieved from an investment, reflecting the best outcome from financial decisions.

Economic Potential

The capacity of a product, service, or market to generate significant profits or economic benefits, assessed through factors like market size, demand, and scalability.