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Describe the driving business forces in both the foreign and domestic environment and in what ways do they operate differently?
Wiki User
∙ 15y ago
There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Following are the five drivers with an example for each kind: (1) political-preferential trading agreements, (2) technological- advances in communications technology, (3) market- global firms become global customers, (4) cost-globalization of product lines and production helps reduce costs by achieving economies of scale, and (5) competitive-firms are defending their home markets from foreign competitors by entering the foreign competitors' markets (Ball−McCulloch−Frantz−Geringer−Minor: International Business, 10th Edition, 2005) There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Following are the five drivers with an example for each kind: (1) political-preferential trading agreements, (2) technological- advances in communications technology, (3) market- global firms become global customers, (4) cost-globalization of product lines and production helps reduce costs by achieving economies of scale, and (5) competitive-firms are defending their home markets from foreign competitors by entering the foreign competitors' markets (Ball−McCulloch−Frantz−Geringer−Minor: International Business, 10th Edition, 2005)
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoDescribe the driving business forces in both the foreign and domestic environment
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What is the definition of Domestic Business Environment?
Domestic Business Environment refers to business conducted within an organization's base country such as businesses who operate in the USA.
What is meant by domestic business environment?
"Domestic" refers to business within a company's home country.
Although forces in the foreign environment are the same as those in the domestic environment they operate differently Why is this so?
Forces in the foreign environment might be the same, but the laws regarding employment are different. This is what allows businesses to operate differently in foreign lands.
What is domestic environment?
A domestic environment is something that we use in dailly life:eg:phonepencomputer
What is a domestic business and give the example of some domestic business organasations?
Domestic business is a business that was founded in the country and stays in the country like for example Texas has HEB which is domestic because its only in Texas but Mcdonalds would be international because its everywhere
Describe the driving business forces in both the foreign and domestic environment?
Describe the driving business forces in both the foreign and domestic environment
What is the definition of Domestic Business Environment?
Domestic Business Environment refers to business conducted within an organization's base country such as businesses who operate in the USA.
What is meant by domestic business environment?
"Domestic" refers to business within a company's home country.
How is internation business environment different from domestic environment?
I didnt get any question to answer.
Does domestic macro economic environment effect all business segment alike?
No, the domestic macro economic environment doesn't impact each business the same way. Since businesses have different business models, the results of the macro economic environment depends on the business.
Although forces in the foreign environment are the same as those in the domestic environment they operate differently Why is this so?
Forces in the foreign environment might be the same, but the laws regarding employment are different. This is what allows businesses to operate differently in foreign lands.
What is domestic environment?
A domestic environment is something that we use in dailly life:eg:phonepencomputer
What is a domestic business and give the example of some domestic business organasations?
Domestic business is a business that was founded in the country and stays in the country like for example Texas has HEB which is domestic because its only in Texas but Mcdonalds would be international because its everywhere
What is the Characteristics that associate domestic business and international business with a global company?
what are the characteristics of domestic trading
What is macroenvironment?
Macro environment is a term used to describe any and all conditions that exist in the economy as a whole. This can include trends in gross domestic product, inflation, employment, and spending.
How does the domestic activities affect the environment?
mayonaise
What are the different stages of international business environment?
international business (involves export and import), multinational business (adaptive, product suited to local/host market), global(coordinated product offering) and transnational business (different functional heads in different countries).
