Sociocultural, economic, and legal/regulatory hurdles cause significant challenges in global trade.

Question

Quizplus · Accepted Answer

Sociocultural differences (such as language, religion, and social norms), economic disparities (such as different currency valuations and varying levels of development), and legal/regulatory differences (such as varying intellectual property laws and different standards for product safety) can all create obstacles to conducting successful global trade.

Sociocultural, Economic, and Legal/regulatory Hurdles Cause Significant Challenges in Global