International business differs from domestic business in that a firm operating across borders must deal with what environmental forces?

Question

Quizplus · Accepted Answer

International business involves dealing with environmental forces from both domestic and foreign markets, as well as unique international forces such as trade policies, cultural differences, varying legal systems, and diverse economic conditions. It is, therefore, important for firms operating across borders to understand and adapt to these diverse environmental forces in order to succeed in international business.

International Business Differs from Domestic Business in That a Firm