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According to the Sambia

question 11

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According to the Sambia,

Recognize the diversity in consumer behavior and market segmentation on a global scale.
Appreciate the significance of language in international business and marketing.
Understand the impact of cultural customs on business practices and consumer behavior.
Identify the laws regulating international business ethics, particularly the Foreign Corrupt Practices Act.

Definitions:

House Money

A term from Behavioral Finance referring to the tendency of individuals to take greater risks when trading with profits from prior trades, viewing it as "play money."

Arbitrage Reaction

The immediate activity performed by arbitrageurs to exploit price differences between markets or securities for profit.

Risks

The probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.

Arbitrage

Arbitrage is the simultaneous purchase and sale of the same asset in different markets to profit from unequal prices.

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