Examlex
Identify and state the historical significance of the following:
-Treaty of Versailles
International Business
encompasses all commercial transactions, both governmental and private, between parties of different countries, involving exports, imports, and foreign direct investment.
Lower-cost Labour
Employment of workers at relatively lower wages, usually in contexts where labor costs significantly impact production expenses.
Ethnocentrism
The belief in the inherent superiority of one's own ethnic group or culture over others.
Intercultural Competencies
Skills and personal characteristics that help achieve success in cross-cultural situations.
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