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Making Immediate, Intuitive Judgements Based on Short Segments of Experience

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Making immediate, intuitive judgements based on short segments of experience is called


Definitions:

Local Markets

Regional or community-based marketplaces where goods and services are traded, often influenced by local demand and supply.

Geocentric View

An outlook in international business where a company sees the entire world as a potential market and strives to develop products or services that appeal globally.

Transnational Strategy

A business approach that involves operating globally while remaining responsive to local needs and conditions.

Divestiture

Divestiture is the process of selling off or disposing of an asset or division of a company as a strategic business decision.

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