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Table 19-16
-Refer to Table 19-16. Given the information above, what can we say has happened in the economy from 2017 to 2018?
International Operations
Business activities and engagements that a company conducts beyond its domestic borders, involving trade, manufacturing, or services in foreign countries.
Regiocentric
An approach in international business that involves focusing on and tailoring strategies to specific geographic regions rather than individual countries or the global market.
Ethnocentric
Characterized by or based on the attitude that one's own group is superior to others in culture or nationality.
Polycentric
In the context of international business, polycentric refers to a strategy or approach where a company adapts its products, practices, and policies to fit the local cultures and conditions of the countries in which it operates.
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