Culture –
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the welcomed behaviors, customs, and also values of a culture or a system of learned, shared, unifying, and interrelated beliefs, values, and assumptions.

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Domestic business –making, buying, and selling goods and also services in ~ a country.
Exports –products marketed to various other countries.
Global exposed -a condition that exists when items consumers need and want are produced in various other countries.
Imports -products bought indigenous businesses in various other countries.
Trade barriers -restrictions the reduce free trade among countries.
International organization -all business activities needed come create, ship, and sell goods and also services throughout national borders.
Quota -limit the lot of trade.
Tariff -tax top top imports.
Embargo -refuse profession with an additional country commonly for political reasons.
Why is international company important?A: International service opens brand-new markets, creates an ext jobs, and improves politics relationships.
12. Q: What is an international dependency?A: an international dependency method that countries approximately the human being depend upon each various other to profession goods and services.
13. Q: how is specialization related to global business?A: worldwide business allows countries to specialize their production according come their herbal resources and also expertise.
14. Q: Why do federal governments sometimes create trade barriers to discourage imports?A: Trade obstacles are provided as politics strategies. Trade barriers are make the efforts to safeguard American production and also jobs.
15. Q: What room the four parts the the international service environment?A: Geography, social and social factors, financial conditions, and political and also legal factors are the four parts of the international business environment.
16. Q: What is the difference between an import and an export?A: Imports are products bought indigenous businesses in other countries and also exports are commodities sold in other countries.
17. Q: Why should people study the society of one more country before conducting global business.

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A: organization transactions are generally influence through the country’s culture.
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