Why does business slow down in Muslim countries during Ramadan?
AMost people fast during that holy month
BForeign visitors are not admitted at that time
CBanks suspend all payments during that month
DImport duties are raised during that month
Answer & Solution
Correct answer: A. Most people fast during that holy month
1. Understanding the role of religion in business transactions is one of the cultural rules.
2. In Muslim countries Ramadan is a holy month when most people fast.
3. During that time everything slows down, and business particularly so.
4. A visitor who plans a heavy schedule for that month will find little progress possible.
5. Nothing suggests that visitors are barred, payments halted or duties raised.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.7 Threats and Opportunities in the Global Marketplace_
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