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Walmart Pulled Out of Germany;Best Buy Closed Several Stores in China.These

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Walmart pulled out of Germany;Best Buy closed several stores in China.These examples illustrate that it is not possible to export a retail business model that has proven successful in the domestic market.


Definitions:

Written Authority

is an officially documented permission granted to an individual or entity to act on behalf of another.

Quantity Specified

The exact amount or number of items detailed in a contract or agreement for sale, purchase, or production.

Six-Months' Notice

A requirement to alert or inform someone or a party about something six months in advance.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue their employer.

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