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What are basic criteria that must be satisfied by firms pursuing a successful differentiation strategy?
Euro
The official currency of 19 of the 27 European Union countries, also known as the Eurozone.
Trade Deficit
An economic circumstance where the amount a country spends on importing goods and services exceeds the amount it earns from exporting them.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, resulting in increased interconnectedness and interdependence.
Subsidies
Financial support provided by the government to individuals, businesses, or institutions to encourage certain activities or reduce the cost of products.
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