A Firm must know the laws of a country in which it wants to conduct business and it must understand how the laws are reinforced. Is this statement true or false? Question 1 options: a) True b) False
A Firm must know the laws of a country in which it wants to conduct business and it must understand how the laws are reinforced. Is this statement true or false? Question 1 options: a) True b) False
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
A Firm must know the laws of a country in which it wants to conduct business and it must understand how the laws are reinforced. Is this statement true or false?
Question 1 options:
| a) True | |
| b) False |
Expert Solution
Introduction
As companies expand globally, it is important for them to be aware of the laws and regulations in the countries where they operate. In order to avoid legal complications and ensure compliance, firms must have a good understanding of the legal framework and enforcement mechanisms of each country in which they do business.
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