What are the financial considerations when transacting international business? What possible ethical and cultural conflicts need to be considered when transacting international business? How do changing political or legal environments affect global business?
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The major financial considerations when transacting international business are exchange rate related risks that arises due to continuous fluctuations in exchange rate of two currencies involved in the international transaction, considerations related to differences in taxation and accounting related laws, credit risks, differences in banking infrastructure which can cause ...
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What are the financial considerations when transacting international business?
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