There are varieties of reasons why companies decide to engage in international trade transactions or invest in foreign economies. In this assignment, you will draft a report on the advantages and disadvantages of engaging in international operations. In your report, discuss the following:
How do firms confront different social, cultural, demographic, environmental, political, governmental, legal, and competitive forces when doing business internationally?
How do language, culture, and value systems differ among countries, and what barriers to communication and problems in managing people do they create?
Why is gaining an understanding of regional organizations often necessary in doing business internationally?
How can dealing with two or more monetary systems complicate international business operations?
How do foreign operations allow firms to establish low-cost production facilities in locations close to raw materials, cheap labor, or both?