Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
Question
Book Icon
Chapter 3, Problem 5GL
Summary Introduction

To determine:

Country in the middle east that has strength in terms of legal institutions and inexpensive procedures for doing business out of the countries option that is provided.

Introduction:

Legal institutions are rules of society or the humanly devised limitations that shape human interactions. These are a subset of the overall institutional framework. These legal institutions protect businesses from different aspects based on how strong the legal institution is.

In order to start the business or conduct the business there are legal costs involved, when these costs are too high businesses are less likely to invest and do business in those countries.

Blurred answer
Students have asked these similar questions
Select a country you feel would have a challenging business environment to enter. Describe at least one issue related to political, economic, and legal systems.
What countries or areas do you feel pose political risk sufficient to discourage you from doing business there?
Would you rather do business in a country that uses civil law or common law? Why?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College