Examlex
If consumers believe the price of iPads will decrease in the future, this will cause the demand for iPads to decrease now.
Polycentric
An approach in international business where a company gives autonomy to each host country operation to tailor strategies and practices to local conditions.
Geocentric
An approach or viewpoint that considers the earth as the center, often used in the context of international business to describe a strategy that views the world as a potential market with no inherent borders.
Ethnocentric
The belief in the superiority of one's own ethnic group or culture, often at the expense of understanding or respecting other cultures.
Isocentric
Referring to something having a central focus or point that is equal in all directions; often used in geometric contexts.
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