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What are some of the challenges faced in international business?
- a)Communication difficulties and cultural differences.
- b)Political risks and supply chain complexity.
- c)Currency rates and environmental issues.
- d)All of the above.
Correct answer is option 'D'. Can you explain this answer?
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What are some of the challenges faced in international business?a)Comm...
International business presents several challenges, including communication difficulties and cultural differences, political risks, supply chain complexity, currency rate fluctuations, and worldwide environmental issues. Effective communication with colleagues, clients, and customers abroad is essential for success in international business, but it can be challenging due to cultural differences. Political uncertainty and instability in different countries can pose risks to international business operations. Managing suppliers and supply chains in international business can be complex, and there is also a risk of labor exploitation. Currency rate fluctuations can impact business expenses and profit, while environmental regulations and sustainability concerns are becoming increasingly important in global business.
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What are some of the challenges faced in international business?a)Communication difficulties and cultural differences.b)Political risks and supply chain complexity.c)Currency rates and environmental issues.d)All of the above.Correct answer is option 'D'. Can you explain this answer?
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What are some of the challenges faced in international business?a)Communication difficulties and cultural differences.b)Political risks and supply chain complexity.c)Currency rates and environmental issues.d)All of the above.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What are some of the challenges faced in international business?a)Communication difficulties and cultural differences.b)Political risks and supply chain complexity.c)Currency rates and environmental issues.d)All of the above.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What are some of the challenges faced in international business?a)Communication difficulties and cultural differences.b)Political risks and supply chain complexity.c)Currency rates and environmental issues.d)All of the above.Correct answer is option 'D'. Can you explain this answer?.
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