A U.S. firm is considering doing business in a foreign country. What economic factor should the business consider regarding the country in which it will conduct its business?
A) whether the country is part of a cartel
B) any tariffs the country might impose
C) the political climate of the country
D) cultural differences between the two countries
E) the infrastructure of the country

Question

Quizplus · Accepted Answer

Any firm considering international business must research the other country's economic, legal, political, social, cultural, and technological background. The economic factors that should be considered are the country's economic development, infrastructure, and exchange rates.

A US Firm Is Considering Doing Business in a Foreign Country