international vs Domestic
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In 100 words or more reply to statement below between international vs domestic
An international business is defined as any firm that engages in international trade or investment. So, how does running an international business differ from a domestic business? When managing an international business, there needs to be knowledge about the country and its culture. Not only do you have to keep culture in mind, but you also must be familiar with political systems, economic systems, legal systems, and levels of economic development. Methods used for marketing will also vary depending on which country you are doing business with. The manager must also keep in mind the different restrictions that are put in place by the government as they can affect different decisions on trading.
Hill, C. W., & Hult, G. T. (2017). International business: competing in the global marketplace. New York, NY: McGraw-Hill Education.
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