International business does not generally involve greater difficulties than operating a domestic business.

Question

Quizplus · Accepted Answer

International business involves several challenges that are not present in operating a domestic business, such as different legal systems, currencies, languages, customs, and cultural differences. Companies need to adapt to these differences to penetrate new markets successfully, which requires extra effort and resources. Additionally, global competition is more intense, and companies need to keep up with technological advancements and market trends to remain competitive.

International Business Does Not Generally Involve Greater Difficulties Than Operating