Define the Following

question 27

Short Answer

Define the following
-Alternative paths model

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Definitions:

Polycentric

An approach in international business, where a company adapts its strategies and decisions to the local conditions of the countries where it operates.

Regiocentric

An approach in international business that prioritizes regional markets and strategies, often blending both global and local considerations.

Global Company

A business that operates and has a presence in multiple countries across the world, transcending national boundaries in its operations.

Transnational Company

A multinational corporation that operates across borders, managing production or delivering services in more than one country, highlighting global integration.