Define a Norm and a Law and Give an Example

question 10

Essay

Define a norm and a law and give an example of each.

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Definitions:

Locally Responsive

A strategy where a company adapts its products, services, and business practices to meet the needs and preferences of local markets.

Global Strategy

A business strategy that involves operating in multiple countries and coordinating marketing, operations, and finance activities to achieve global objectives.

Problem Solving

The process of identifying a problem, finding effective solutions, and implementing those solutions to address complex issues or challenges.

Exporting

Sending goods or services out of a company’s home country.