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Polycentric corporate cultures emphasize foreign market orientations in strategic decision-making and corporate attitudes
Variable Cost
Expenditures that fluctuate based on production or sales volume, for instance, materials and manpower.
Required Rate
The minimum rate of return on an investment that a manager or investor is willing to accept, considering its risk.
Marginal Tax Rate
The tax rate that applies to the last dollar of the taxpayer's income, indicating the rate of tax on any additional income earned.
Fixed Cost
Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.
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