What Are The Challenges In International Business?

May 20th, 2009 Comments off
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The three main challenges that international firms may encountered are as follows:

 

 

PHYSICAL CHALLENGE

Examples are: Natural resources, climate, location, terrorism, natural disasters, geographical barriers

SOCIAL CHALLENGE

Examples are: Culture, legal, different political systems, nationalization and economy

COMPETITIVE CHALLENGE

Examples are: Price, Firm’s size, market size, competitors, firm’s strategy, cost-effectiveness

 

 

 

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