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Differences between local, national, international, and multinational businesses
How do local businesses differ from national businesses?
Local businesses typically operate within a limited geographic area, cater to local customers, and have smaller scales compared to national businesses that operate on a larger scale and serve customers nationwide or internationally.
What are the challenges of operating an international business?
Challenges of operating an international business include cultural differences, legal complexities, language barriers, logistical issues, and political risks.
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