Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Romanticism
Absolute Advantage
A condition in which a country, individual, or company can produce a good or service at a lower cost per unit than other competitors.
Domestic Advantage
The benefit or edge that a country or company holds over others in the domestic market, often due to localization, resources, or specialization.
Multinational Strategy
A plan, used by international companies that involves customizing products, promotion, and distribution according to cultural, technological, regional, and national differences.
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