Indicate three cross-national challenges and the implications of each for a global company. State the culturally competent approach that can be used for each challenge.
Indicate three cross-national challenges and the implications of each for a global company.
State the culturally competent approach that can be used for each challenge.
Businesses favor opening a location in regions with reduced labor costs or taxes. They prefer to sell their goods and services on the international market to take advantage of the possible increased sales, a wider audience, and new clients around the world.
Since each nation has its business policies that specify the laws and regulations, cultural and linguistic differences, exchange rates, time zones, and inflation rates, there are currently numerous challenges in doing business internationally. As a result, managing today's global company concerns can be challenging.
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