Examlex
Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
universalism
Differentiation
Differentiation refers to the process of distinguishing a product or service from others in the market to make it more appealing to a particular target market.
Goal Incompatibility
A situation where the objectives of different individuals or groups are in conflict, leading to potential disputes or disagreements.
Third-Party Intervention
The involvement of an external entity in resolving disputes or facilitating negotiations between parties.
Arbitrator
A neutral third party who is appointed to make a decision in a dispute, typically binding, between two or more parties.
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