Question

Consider their resources, trade agreements, social structures, and overall business environments. Briefly explain why each of these five countries might or might not be a viable option for a new American business venture.

Answer 1

Explanation:

In international business practices the main factors that might hinder expansion to foreign countries may be;

1. The Cultural diversity or social structures,

2. The Economic Environment: For example, the economic environment of the five countries under consideration may be quite different from the US, such as they may have poor infrastructure and technology.

3. Their Political Environment: The five countries might be having a bad political climate such as risk of riots, war, and terrorism.