Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Countries are different, in political systems, economic systems and levels, technological levels, and social structure/cultural norms, etc. etc. Politically, there are democracies, authoritarian dictatorship (left-wing,
Countries are different, in political systems, economic systems and levels, technological levels, and social structure/cultural norms, etc. etc. Politically, there are democracies, authoritarian dictatorship (left-wing, right-wing theocratic, and tribal), with ideologies tend to be more individualistic or collectivistic. Economically, countries fall somewhere on a continuum with Command economy (socialism where the state own everything and controls all economic activities like North Korea and Cuba) on the one end and free market economy (with no interference from the government) on the other (there is no such a country in the world). Socially, some countries have more rigid social strata with low mobility (Caste in India is probably the most rigid. Officially now abandoned, but lingers on). Social norms are often influenced by a nation's history, religion, and culture. Technologically, some countries lag behind. These factors have impact on companies' operations in a foreign soil
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started