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Buyers are responsible for procuring merchandise and building and maintaining relationships with vendors.
Multinational Company
A corporation that operates and has assets in more than one country, allowing it to produce and sell goods in various markets.
Performance-Based Pay
A compensation system where employees' pay is directly related to their performance output or achievements, rather than time worked.
Cultural Values
The collective beliefs, behaviors, norms, and principles that characterize a specific culture or society.
Profit-Sharing Plans
A type of incentive program where employees receive a share of the company’s profits based on its performance, to motivate and reward them.
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