Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 3.7, Problem 2CC
Describe several cultural factors that a company involved in international trade should consider.
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Chapter 3 Solutions
Introduction to Business
Ch. 3.1 - What is global vision, and why is it important?Ch. 3.1 - What impact does international trade have on the...Ch. 3.1 - Explain the impact of a currency devaluation.Ch. 3.2 - Describe the policy of free trade and its...Ch. 3.2 - Why do people fear globalization?Ch. 3.2 - What are the benefits of globalization?Ch. 3.3 - Discuss the concept of natural trade barriers.Ch. 3.3 - Describe several tariff and nontariff barriers to...Ch. 3.4 - Describe the purpose and role of the WTO.Ch. 3.4 - What are the roles of the World Bank and the IMF...
Ch. 3.5 - Explain the pros and cons of NAFTA.Ch. 3.5 - What is the European Union? Will it ever be a...Ch. 3.6 - Discuss several ways that a company can enter...Ch. 3.6 - Explain the concept of countertrade.Ch. 3.7 - Explain how political factors can affect...Ch. 3.7 - Describe several cultural factors that a company...Ch. 3.7 - How can economic conditions affect trade...Ch. 3.8 - What is a multinational corporation?Ch. 3.8 - What are the advantages of multinationals?Ch. 3.9 - What trends will foster continued growth in world...Ch. 3.9 - Describe some of the ways businesses can take...Ch. 3 - The executives of a clothing manufacturer want to...Ch. 3 - Do you think that MTV's future lies mostly in its...Ch. 3 - What types of political, economic, and competitive...Ch. 3 - How has MTV Networks International overcome...
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Similar questions
- Explain the impact of cultural differences in international businessarrow_forwardTo succeed, firms seeking to enter into foreign trade must still adhere to the principles of the marketing mix. What are they?arrow_forwardDiscuss how the International Trade System and the Economic, Political-Legal, and Cultural Environment affect a company's International Marketing Decisions.arrow_forward
- Discuss and explain the impact of technological advancement on the sustainability of international businessarrow_forwardINTERNATIONAL BUSINESS INVOLVES BUYING , SELLING OF GOOD AND SERVICE ACROSS NATIONAL BOUNDARIES TRUE OR FALSE ?arrow_forwardfive ways a company can get involved in international trade.arrow_forward
- Comparative Advantage of Indian Tradearrow_forwardPresent the advantages and disadvantages of the forms or modes of entry into the international or global market.The forms of market entry that you should consider are: export, import, subsidiaries, merger, acquisition, alliances (joint ventures), licensing and franchises.arrow_forwardDiscuss the pros and cons of trade barriers from the industry point of view andfrom the consumer point of viewarrow_forward
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