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Segmentation of sponsorships can occur using the following approaches except
Exchange Rate
The price of one country's currency expressed in another country's currency, facilitating international trade and investment.
Multinational Corporations
Companies that operate in multiple countries, managing production or delivering services in more than one country.
Divisions and Branches
Parts of a company that operate semi-independently but are not separate legal entities; branches are local offices or shops, while divisions are specialized departments.
Foreign Stocks
Shares of companies based outside the investor's own country, traded on foreign stock exchanges.
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