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Why do companies use sales promotion tools,and what three distinctive benefits do these tools offer?
International Differences
The variations or disparities between countries and cultures, covering aspects such as legal systems, social norms, economic policies, and cultural practices.
Feudalism
A legal arrangement in preindustrial Europe that bound peasants to the land and obliged them to give their landlords a set part of the harvest. In exchange, landlords were required to protect peasants from marauders and open their storehouses and feed the peasants if crops failed.
Manufacturing Production
The process of converting raw materials or components into finished goods through the use of machinery and labor in factories.
Means of Production
The resources, such as land, factories, and tools, required for the production of goods and services.
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