Factors affecting businesses when they conduct business
- The cultural differences : the cultural differences between two
nations impacts the business going international. International
transactions are affected by the cultural differences as culture
impacts the way people behave and the way business transactions are
negotiated and the way they transactions.
- The tax considerations and legal compliances: Making
international transactions require compliance with the
international tax laws. Complying with the laws and regulations in
which the company operates.
- The social conditions: the status of the people living abroad,
their work ethics and personal values also affect the way
businesses conduct international transactions.