Define international business? what are risk in it?
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There are types 6 of internalisation business
1)political risk
2)excange risk
3)credit risk
4)transport risk
5)market risk
6)cultural risk
Political
While most of the countries where you are likely to be doing business have stable governments, there are concerns that you will confront. All member nations of the World Trade Organization are committed to free trade, but protectionism is still a fact of life with some. Tariffs and quotas may place restrictions on your ability to trade. Import and export licenses, customs duties, and laws regulating currency control are requirements you must explore. You must also be mindful that each country where you do business has a different political and legal system. Theft of intellectual property and illegal knock-offs are facts of life, so be prepared.
i only explain political OK
so 5 risk i am not idea
i hope its help you
mark brainliest.
1)political risk
2)excange risk
3)credit risk
4)transport risk
5)market risk
6)cultural risk
Political
While most of the countries where you are likely to be doing business have stable governments, there are concerns that you will confront. All member nations of the World Trade Organization are committed to free trade, but protectionism is still a fact of life with some. Tariffs and quotas may place restrictions on your ability to trade. Import and export licenses, customs duties, and laws regulating currency control are requirements you must explore. You must also be mindful that each country where you do business has a different political and legal system. Theft of intellectual property and illegal knock-offs are facts of life, so be prepared.
i only explain political OK
so 5 risk i am not idea
i hope its help you
mark brainliest.
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