BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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geographic
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economic
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political and legal
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cultural and social
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Detailed explanation-1: -An International Business Environment (IBE) involves different aspects like political risks, cultural differences, exchange risks, and legal and taxation issues.
Detailed explanation-2: -Geographical influences: There are many different geographic factors that affect international business. These factors are: the geographical size, the climatic challenges happening throughout the world, the natural resources available on a specific territory, the population distribution in a country, etc.
Detailed explanation-3: -Geographical environment is determined on the basis of the analysis of various geographical units such as, neighbourhoods, cities regions, states and nations etc. The business firm operates its business in one or a few geographical areas or in all but pay its specific attention on the potential areas.