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William and Jamal live in the country of Dumexia. When Dumexia legalized international trade in bananas, the price of bananas in Dumexia increased. As a result, William became better off and Jamal became worse off. It follows that William is a seller, and Jamal is a buyer, of bananas.
Face-to-face Contact
A method of communication where individuals interact directly with each other in the same physical space.
Cross-functional Teams
Groups composed of members from different departments or areas of expertise, working together towards a common goal.
Uniqueness Advantage
The competitive advantage gained by a business or product due to being unique or different in a way that is valuable to consumers.
Open Communication
Involves the unrestricted flow of information within an organization, encouraging transparency, facilitating feedback, and fostering a culture of trust among employees and management.
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