Culture, language, and religion impact costs of doing business in foreign markets
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Q1; Discuss how culture, language, and religion might influence the costs of doing business in a particular country. Support your statement with examples.
Q2; Identify a company that is currently operating in the U.S. only and explain why you think it should expand to a particular foreign market.
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The solution contains a discussion of how culture, language, and religion might influence the costs of doing business in a particular country. A company that is currently operating in the U.S only is identified.
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Q1; Discuss how culture, language, and religion might influence the costs of doing business in a particular country. Support your statement with examples.
The culture in which an organization expands into has different ways of doing business. Cultures have inherently different ideas, tastes, communication, and business practices that affect the way an organization operates. Additionally, cultures have different value systems, languages, religions, and beliefs on how practices should be carried out. Cultures also have different norms as to codes of dress, ideas, and beliefs Different beliefs in cultures make us human and give people the opportunity to learn from one another. Language is another part of a culture. Languages are an important means for enhancing communication within an organization. This is especially true in ...
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