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scZoUnD [109]
3 years ago
15

Part of having ______ means understanding that businesspeople from other countries may have very different attitudes about punct

uality and efficiency.
Business
1 answer:
gulaghasi [49]3 years ago
7 0

Answer: Cross cultural competency.

Explanation:

Cross cultural competency means the ability to easily relate with people of different cultures and the ability to understand why people of a particular culture act in particular way. When a manager for instance has a high level of Cross cultural competency, he/she would be able to understand the attitude towards work a people from particular culture share.

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An economic system known as capitalism is one in which private individuals own and manage the trade and industries of the economy in order to profit.

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Capitalism, which includes both the working class and the capitalist class, supports class differentiation, there is a significant gap between the rich and the poor. On the other hand, communism is opposed to class inequalities in society since it supports a society in which there is no distinction among the rich and the poor.

In a capitalist society, everyone is responsible for generating their own wealth. Contrarily, in communism, wealth is dispersed in accordance with needs and capacity. While there is intense competition between businesses in capitalism, this is not the case in communism, because the government controls the market. While capitalism exists in western nations, socialism is more prevalent in eastern nations.

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