Examlex
____ and ____ are important characteristics of quality for consumer markets, and ____ and ____ are important characteristics of quality for business markets.
Nationalizations
The process by which governments take private assets into public ownership, typically key industries or resources.
Polycentric
An approach in international business where a company gives autonomy to each host country operation to tailor strategies and practices to local conditions.
Geocentric
An approach or viewpoint that considers the earth as the center, often used in the context of international business to describe a strategy that views the world as a potential market with no inherent borders.
Ethnocentric
The belief in the superiority of one's own ethnic group or culture, often at the expense of understanding or respecting other cultures.
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