Examlex
Ethnocentrism refers to regarding one's own ethnic group or culture as superior to that of others.
Market Diversification
The strategy of entering into new markets or creating new products to reduce reliance on a single market or product line.
Synergy
The combined effect of two or more individuals, entities, or factors that is greater than the sum of their separate effects.
Indemnity
A contractual obligation of one party to compensate the loss incurred by the other party due to the acts of the indemnitor or other specified causes.
Reciprocity
Refers to a mutual exchange of privileges or benefits between two parties, where each party offers something in return for what is received, often seen in trade agreements.
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