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What is loss-leader pricing and why do retailers use it?
Globalization
The process of increasing interconnectivity and interdependence among countries worldwide through trade, investment, technology, culture, and politics.
Risk
The potential for losing something of value, which can be physical, financial, or psychological, due to uncertainties in a given situation.
Orientalism
A critical concept that describes the West's often patronizing perception and depiction of Eastern societies, cultures, and peoples, as fundamentally opposed to and lesser than Western norms and values.
Criticisms
The act of expressing disapproval or noting the shortcomings in someone or something, often involving detailed analysis and evaluation.
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