Examlex
Which of the international operations strategies involves high cost reductions and high local responsiveness?
Service-based Economy
An economy that is primarily focused on the provision of services rather than the production of goods.
Industrialized Nations
Countries that have highly developed industries and infrastructure, often characterized by a high standard of living.
Probable Stage
A phase or condition where something is likely to occur or is expected based on current evidence or trends.
Education and Income
The correlation between the level of education attained by individuals and their potential to earn higher incomes.
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