What Does Cultural Diffusion Refer To? Provide an Example

question 6

Essay

What does cultural diffusion refer to? Provide an example.

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Definitions:

Small Businesses

Refers to privately owned corporations, partnerships, or sole proprietorships that have fewer employees and lower annual revenue than a regular-sized business or corporation.

Wholesaling

The selling of goods in large quantities at lower prices to be retailed by others.

High Initial Financing

The large amount of capital required at the start of a venture or project to cover costs before generating revenue.