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In the accompanying figure, arrow number 2 indicates which element of the chart?
International Business
A firm that engages in cross-border transactions.
Global Strategy
A comprehensive approach to business that considers the global market environment in a company's planning and operational strategies.
Service Organizations
Businesses that provide services instead of tangible products to customers or other businesses.
Preferential Tariff
A reduced tariff rate applied to imports from certain countries, often part of a trade agreement to promote trade by lowering the cost of imported goods.
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