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A focus strategy is one in which a company focuses on serving the needs of a narrowly defined market segment by being the low-cost leader, by differentiating its product, or both.    

Canada and the United States are examples of early formations of political unions.  

One of the forces that allows lenders and borrowers to respond quickly to opportunities in the international capital market is ________.  

A system in which currencies float against one another, with governments intervening to stabilize their currencies at particular target exchange rates is called a ________.  

When compared to the length of the face, the length of the ear is

Countries belonging to the free-trade area must concede a certain amount of their national autonomy (or sovereignty) to the supranational union of which they are a part.  

A well-defined strategy helps to coordinate a company’s various divisions and departments so that it reaches its company-wide goals in the most effective and efficient manner possible.  

A ________ strategy is one in which a company designs its products to be perceived by buyers as unique throughout its industry.  

Trade agreements are lowering trade barriers and opening new markets for goods and services.  

A benefit of regional economic integration is that it always expands employment opportunities in all nations.