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International Business
Engaging in commerce and trade activities that cross national boundaries, involving different cultures and economic systems.
Localization Approach
A strategy used by businesses that adapt their products, services, and operations to meet the cultural, regulatory, and market needs of different geographic locations.
Balance Sheet Approach
A method in international human resource management that aims to equalize the standard of living between the host country and the home country of an expatriate.
Latin American Countries
Nations located in the Americas where Romance languages, primarily Spanish and Portuguese, are predominantly spoken.
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