QUESTION TWO [20]International business is different because of the differences between countries. There are national differences in political, legal, economic and social factors, which influence the benefits, costs and risks associated with doing business in different countries (Hill, 2014). With reference to the above statements:2.1 Discuss the reasons why the task of managing an international business differs from that of managing a purely domestic business. 2.2 Discuss the social factors that may impact on an international business and explain how potential negative effects arising from these factors can be minimised.
QUESTION TWO [20]International business is different because of the differences between countries. There are national differences in political, legal, economic and social factors, which influence the benefits, costs and risks associated with doing business in different countries (Hill, 2014). With reference to the above statements:2.1 Discuss the reasons why the task of managing an international business differs from that of managing a purely domestic business. 2.2 Discuss the social factors that may impact on an international business and explain how potential negative effects arising from these factors can be minimised.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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QUESTION TWO [20]
International business is different because of the differences between countries. There are
national differences in political, legal, economic and social factors, which influence the
benefits, costs and risks associated with doing business in different countries (Hill, 2014).
With reference to the above statements:
2.1 Discuss the reasons why the task of managing an international business differs from that of
managing a purely domestic business.
2.2 Discuss the social factors that may impact on an international business and explain how
potential negative effects arising from these factors can be minimised.
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