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What makes foreign business activities more complex than domestic ones?
Wiki User
∙ 12y ago
Multiple sets of laws and regulation - which may be contradictory. Cultural differences.
Wiki User
∙ 12y ago
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Describe the driving business forces in both the foreign and domestic environment?
Describe the driving business forces in both the foreign and domestic environment
Foreign business more complex than purely domestic?
Foreign trade is more complex than domestic as in addition to the considerations and resources needed for the domestic market a business also has to take into consideration cultural, language, monetary and legislative variances. Before considering entering into a foreign market a PEST or PESTLE report would normally be commissioned. PEST is an acronym for Political, Economic, Social and Technical and considers all aspects of the macro market i.e. the big picture. In addition, a business would need to consider the market itself in terms of size, accessibility, competitors, potential etc. If the market still looks attractive then a business would need to consider if it has sufficient resources to enter the target market. This is done by commissioning a micro analysis which is in essence an internal audit of a business's resources and capabilities. SWOT analysis is one of a number of tools used to do this. Secondary research will provide many of the answers but in my experience it is always necessary to carry out some primary research i.e. field research to validate the secondary research and to ask qualitative questions unanswered by other market research sources.
What is the difference between international trade and international finance?
international trade :exchange or business of goods and services across the bordersinternational finance :dependence on foreign countries to fund some activities or support economy
What is domestic purchasing?
domestic purchasing takes place when a buyer from a foreign market purchases the product and exports it back itself
What are the related foreign literature about business?
The related foreign literature about business is a collection of essays and term papers dealing with the practice of business abroad. These are very good reading material for anyone who works internationally.
Describe the driving business forces in both the foreign and domestic environment?
Describe the driving business forces in both the foreign and domestic environment
What are the differences between international business and domestic business?
domestic trade:- same currency foreign trade:- different currency are used
When was Foreign Domestic created?
Foreign Domestic was created in 2007.
What are the types of tourist?
they are foreign,domestic and local
What is the difference between international terrorism and domestic terrorism?
Domestic terrorism is the violence that involves individuals or groups of terrorist whose activities are aimed at the government's elements or populations without any foreign involvement while IInternational terrorism on the other side involves the individuals or groups of terrorists who base their actions to foreign nature. The terrorist activities under the foreign classification emanate from countries outside the United States or the activities go beyond the national boundaries.
Foreign Qualification?
Foreign qualification refers to a business applying to practice outside its state. Corporations and other business entities are only considered "domestic" in their state of origin. When a corporation or LLC wants to practice their business services in another state, they're required to obtain foreign qualification from another state's agency that qualifies the business's operations.
What are mcdonalds corporations business activities in a foreign host country?
Well I do not really know because you see that is why I am asking.
Discuss two HR activities in which a MNE must engage that would not be required in a domestic environment?
cultural and language training tax issues of the foreign country
Definition of domestic affairs?
Domestic affairs, in relation to presidents (except Bill Clinton) refer to things that are happening in politics and government in the US - the opposite of domestic affairs is foreign affairs, and that involves international politics.
What is foreign demand?
It is the foreign demand for domestic goods and services.
What were Adams foreign and domestic?
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What is the opposite of foreign?
Domestic
