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Before customers can become loyal, they go through a process of
Foreign Competition
Refers to the competitive pressure that domestic companies face from foreign companies in the same industry, impacting market share, pricing, and innovation strategies.
Tariffs
Taxes imposed on imported goods, often used to protect domestic industries or generate revenue.
Imported Goods
Products brought into one country from another for the purpose of sale or trade.
Trade Imbalance
Trade imbalance occurs when there is a significant difference between a country's imports and exports, affecting its economic health.
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