Final answer:
Having a diverse management team that reflects the diverse makeup of its customers can benefit a business in various ways, including improved understanding of customer needs, increased innovation, and enhanced reputation.
Step-by-step explanation:
A makeup of the management team that reflects the diverse makeup of its customers can benefit a business in several ways. First, it allows the team to better understand the needs and preferences of diverse customers, leading to improved products or services tailored to their specific needs. Second, diverse teams bring different perspectives and ideas to the table, which can lead to more innovative problem-solving and better decision-making. Lastly, having a diverse management team helps to create an inclusive and welcoming environment, which can attract a larger customer base and improve the business's reputation.