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How Economic Factors Affect International Business

860 Words4 Pages

ABSTRACT Although international business is not a new subject, the size and number of international investments is gaining instant importance. As the world entered the new millennium, one of the major challenges facing business people and governments is the international business. Communications and technological advances in the last 50 years have had a great effect on the way that consumers act and companies operate. In the past, consumers and businesses mainly lived and made decisions on either a local or regional basis only. Today and into the future, the world will have lesser and fewer boundaries to restrict the businesses, cultures, or the consumer demands. Because of these advances, and increased competition, companies had deeply changed the way they conduct business. The speed of technological advances allowed the …show more content…

This project aim to discover answers concerning; How culture can affect the international business and in what form? Is this effect favorable or unfavorable? What are the obstacles in the international business? How can business overcome those challenges? How the country laws affect the international business? In what way the economic factors play roles in the international business? How can the government of a country influence the political environment and how this influence affects the business? What motives the company to venture business in international markets? What are the benefits that the company will gain from expanding its operations into the international market? What is the meaning and concept of International Business? Why the business organizations decide to go international? What is International Business

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