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Which of the following foreign market entry strategies requires the most substantial resource commitment on the part of the focal firm?
Posterior Probability
The probability of assigning events or hypotheses after taking into consideration relevant evidence or background information.
Nominal Data
Represents data that can be categorized but not ranked or ordered numerically.
Interval Data
A type of numerical data that has meaningful differences between values and a true zero point.
Ordinal Data
Describes a type of data which is categorized into ordered but not necessarily equally spaced categories.
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