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Joint Venture
A business agreement between two or more parties to jointly undertake a specific project or business activity, sharing profits, losses, and control.
Ethnocentrism
The belief in the superiority of one's own cultural group, often accompanied by a disregard for other cultures.
Polycentric Attitude
An approach that recognizes and values the diversity and difference of various cultures and practices in international business.
Taken-For-Granted Assumptions
Beliefs or perspectives that are accepted as true without questioning or critical examination.
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