What Is Meant by High and Low-Context Cultures? Provide an Example

question 25

Short Answer

What is meant by high and low-context cultures? Provide an example of a country in which the dominant culture reflects high context and one which reflects low context.​

---

Definitions:

Operating Cost

Expenses associated with the day-to-day functions of a business, including costs for goods, services, and administration.

Required Rate of Return

The lowest yearly percentage return on an investment that motivates people or businesses to invest in a specific project or financial vehicle.

CCA Class

A grouping in Canadian tax law under the Capital Cost Allowance, determining the rate at which assets can be depreciated for tax purposes.

Discount Rate

The interest rate used to discount future cash flows to their present value, significant in determining the attractiveness of an investment.