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Explain what is meant by the term expatriate failure and discuss how it can be avoided.
New Products
Goods, services, or technologies that have been recently developed and introduced to the market.
Long-Run Supply Curve
A graphical representation showing the relationship between the price of a good and the total output produced by firms in the market over a long period, assuming input factors are variable.
Upward-Sloping
Refers to a line on a graph that demonstrates an increase in value on the vertical axis as the value on the horizontal axis increases; typically related to supply curves in economics.
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