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When firms analyze the relationship between their level of production and their costs, they separate the time period involved into
Deterritorialization
is the process by which the traditional boundaries or the cultural specificity of a place become less significant due to globalization.
Re-territorialization
The process of re-establishing or redefining the cultural, social, or economic boundaries and identities of spaces, often in response to globalization.
Glocalization
The practice of conducting business according to both local and global considerations, blending international approaches with local cultures and preferences.
Cosmopolitanism
A philosophy or ideology that emphasizes being a citizen of the world, valuing diversity, and recognizing the interconnectedness of all people.
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