Which of the following statements is true?
A) The economic, legal, political, social, and cultural environments differ across countries.
B) The import quotas and tariffs remain the same across all countries according to the standards set by United Nations.
C) The advances in telecommunications and transportation, the availability of materials and skilled labor does not differ significantly across countries.
D) The fixed rate policy is followed across all countries to avoid price fluctuations and inflation.

Question

Quizplus · Accepted Answer

The economic, legal, political, social, and cultural environments vary greatly between countries due to differences in history, geography, and government systems. This can affect business practices and strategies in each country. The other options are not true, as import quotas and tariffs vary between countries, while advances in telecommunications, transportation, and availability of materials and labor are not uniform globally. Additionally, fixed rate policies are not followed universally.

Which of the Following Statements Is True