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Diversification involves:
Born Global
Companies that engage in international expansion soon after starting in a domestic market.
Natural Resources
Raw materials and components provided by nature that can be utilized for economic gain.
Fixed Costs
Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance premiums.
Research and Development
The process focused on developing new products or improving existing ones, often involving scientific and technological innovations.
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