Web-Centered Banks with Little or No Physical Facilities Are Known

question 101

True/False

Web-centered banks with little or no physical facilities are known as virtual banks.

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Definitions:

Cultural Innovation

The introduction of new ideas, products, or ways of doing things that significantly alter cultural practices and norms.

Local Market Adaptations

Adjustments made to products, services, or marketing strategies to suit the specific preferences and requirements of local markets or regions.

Cultural Innovation

involves the creation or adoption of ideas, practices, or products that significantly alter the cultural practices or norms within a society.

Local Adaptations

are modifications made to products, strategies, or communications to suit the specific tastes, cultural norms, or consumer behaviors of a particular geographic region.