Economics > EXAM > International Business and Money Summary (all-inclusive) Questions and Answers 2023 (All)
International Business and Money Summary (all-inclusive) Questions and Answers 2023
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International business - -Business transactions between parties from more than one country (transactions cross national boundaries) • Parties involved include - Private individuals - Individual... companies - Consortia (groups of companies - Governmental agencies -Domestic business - -Transactions occurring within the boundaries of a single country -Differences in Domestic and International Business - -1. Boundaries 2. Currencies - Forces at least one party to convert its currency into another 3. Legal Systems - Forces one or more parties to adjust their practices to comply with local law 4. Cultures - Forces each party to adjust its behavior to meet the expectations of the other) 5. Resources 6. Skills and knowledge -1. Boundaries - -• High cost and delays due to [Show More]
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