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- how do cross-cultural differences impact how firms compete in foreign markets?What are the legal and regulatory challenges that businesses face when expanding into international markets, and how can they navigate issues such as foreign investment laws, trade agreements, and cultural differences?how are these elements(data, information, knowledge and wisdom ) inform practice, management, and policy in the context of international trends
- What are the legal considerations for businesses operating internationally, such as complying with foreign laws and regulations?What benefits might a company obtain from the globalization of markets? What global organizations have helped expand globalization?How do international business transactions differ from domestic transactions?
- Identify the five (5) ways that you can become an "International Business": 5 points Own a domestic retail business Own a tertiary business in another country Own a secondary business in another country Own a primary business in another country Export items to another country Invest in a business in another country Import items from another countryHow does culture influence international business?What are informal constraints that affect global business firms?
- How would you recommend a company deal with the differences in culture such as customs, verbal language, and religious beliefs when operating in Finland and Saudi ArabiaHow can globalization and international trade impact businesses, and what strategies can companies use to succeed in global markets?Culture is probably the most frequent aspect of informal institutions discussed by international business scholars and practitioners. Why and how are cultural factors so important in determining success or failure in international business?