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Cultural differences have little impact on international compensation.
Price Competition
A type of competition where businesses focus on selling products and services at lower prices than their competitors.
Tacit Collusion
A form of collusion among competitors in which they cooperate to achieve higher prices or market share without explicit communication.
Product Differentiation
the process of distinguishing a product or service from others in the market to make it more attractive to a particular target audience.
Price Leadership
A strategy used by a dominant company in a market to set the price of a product or service, which competitors then follow.
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