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is generally considered to be the least risky means of doing international business.
Monopolistic Competition
A market structure characterized by several competitors offering differentiated products or services, allowing for some degree of pricing power.
Nonprice Factors
Aspects of a product or service that affect consumer choice other than price, such as quality, brand reputation, or convenience.
Oligopolistic Competition
An economic system where a few large corporations control the market, resulting in restricted competition.
Price Competition
A market situation in which competitors attempt to outdo each other on price, as opposed to features, benefits, or services.
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