MANAGEMENT

Detailed explanation-1: -“Although international business is extremely exciting, it can also be risky, ” Reinhardt says in Global Business. Because every country has its own government, policies, laws, cultures, languages, currency, time zones, and inflation rate, navigating the global business landscape can be difficult.

Detailed explanation-2: -If you plan to source goods or materials overseas, you should be aware of the many unique problems that may arise. Typically, these may include difficulties with logistics, regulations, customs and language, cultural differences, time zones and currency fluctuations.

Detailed explanation-3: -Cultural Barriers and Challenges Marketing styles in other countries may differ, and polite behavior in the United States may be impolite elsewhere. Some cultures don’t take contracts as seriously as others, and many cultures view the group as more important than the individual.