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Product standardization is more likely when nations share the same level of economic development.
Statement of Intentions
A document that outlines the intentions or objectives of an individual or entity, often related to future plans or actions.
Strategic Planning
The process of defining an organization's strategy or direction and making decisions on allocating its resources to pursue this strategy.
Intermediate Planning
The process of setting goals and outlining strategies for a middle-range time frame, typically covering 1 to 3 years.
Long-Term Planning
The process of setting goals and outlining strategies for future activities over an extended period, typically beyond five years.
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