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Give Examples of Two Substitute Goods and Two Complementary Goods

question 37

Essay

Give examples of two substitute goods and two complementary goods.In each case explain why the goods are substitutes or complements.


Definitions:

Cultural Miscues

Misunderstandings or errors in communication that occur due to differences in cultural norms and expectations.

International Business

Commercial transactions and activities that occur across national borders.

Transnational Corporation

A global corporation or multinational enterprise that operates worldwide on a borderless basis.

Multinational Corporation

A company that operates in multiple countries, managing production or delivering services in more than one country beyond its home base.

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