BUISENESS MANAGEMENT
MARKETING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All of the following are possible problems for a business selling in a foreign market for the first time except ____
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consumer taste differences
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cultural differences
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differences in business laws
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raw materials differences
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Explanation:
Detailed explanation-1: -The problems are: 1. Different Trade Patterns 2. Regulatory Measures 3. Lop Sided Development of Developing Countries 4.
Detailed explanation-2: -Problems Faced by International Business There are various problems faced by international businesses such as blocking up of the capital due to foreign exchange, transaction problems, currency problems, and heterogeneity among suppliers and customers.
There is 1 question to complete.