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Business Norms
Business norms are the customary rules and standards of conduct that guide business behavior and interactions within specific industries, cultures, or markets.
External Factors
Influences from outside an organization or system that can impact its performance, including economic, social, political, and environmental forces.
Differences Arise
Refers to the emergence of disagreements or conflicts in various contexts, including cultural, political, or economic interactions.
Economic Factor
Refers to the various elements that influence the economy of a country, including inflation, unemployment rates, fiscal policies, and international trade.
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