Businesspeople need to understand the international culture and corporate practices to successfully transfer their business activities to foreign countries. Compare and contrast US culture and corporate practices with India’s and identify challenges as a result for a US-based company to operate its activities in India. Identify at least three risks associated with doing transactions by the US-based company operating in India and what can be done to mitigate such risks. 

Note that operations are in India but the majority of the products are sold in the US. Include tangible examples for better clarity. Include currency exchange risk among those mentioned above, and explain ways to mitigate this risk. Explain in detail.