In Asia,consumers Have Historically Had an Aversion to Debt

question 111

Multiple Choice

In Asia,consumers have historically had an aversion to debt.However,in recent years credit card use has grown significantly,supported by aggressive marketing and governments in the region that see it as a means to fuel economic growth.This is an example of the ____ dimension.

• A)economic
• B)technological
• C)sociocultural
• D)political-legal
• E)domestic

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Definitions:

Multicultural Organization

An organization characterized by a workforce from diverse cultural backgrounds, aiming to foster inclusivity and mutual respect.

Diversity-Related

concerns, policies, practices, or issues that relate to the inclusion and representation of different demographic groups and perspectives.

Xenophobic

Pertaining to a fear or hatred of foreigners or strangers, often manifesting in discriminatory attitudes or actions.

Knowledge Worker

An employee whose primary contribution to the organization involves specialized knowledge, expertise, or intellectual input.