Why is it important for businesses to understand the legal environment when going global?
Why is it important for businesses to understand the legal environment when going global?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Why is it important for businesses to understand the legal environment when going global?
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The legal environment of every country has some differences and if companies are trading across borders then they have to understand the legalities of the concerned country. Even a company has to follow legal rules in their home country and in the same way it is important to understand and follow the rules of another country. The company can analyze the success ratio of their business by knowing the legal rules of other companies as there can be various legal costs associated such as copyright costs, trademark costs, registration costs and various other costs involved.
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