Question

State and Discuss at least two factors impacting companies that conduct business internationally.

  1. State and Discuss at least two factors impacting companies that conduct business internationally.

Homework Answers

Answer #1

Factors affecting businesses when they conduct business internationally :

  • 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.  
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