Please enable JavaScript.
Coggle requires JavaScript to display documents.
Key Differences Between International & Domestic Business (Domestic…
Key Differences Between International & Domestic Business
Domestic
-The business transaction that occurs within the geographical limits of the country
Restrictions: very few
Deals in one currency
Quality of standards= low
Nature of customers= homogeneous
Business Research= easily conducted
Small area of operation within the country
Capital investment= less
Mobility of production: free
International-
manufacturing and trade occur beyond the borders of the home country
Quality of standards= very high
Deals in multiple currencies
Capital Investment= huge
Restrictions: many
Area of operation- whole world
Nature of customers= heterogeneous
Mobility of production: Restricted
Business Research= difficult to conduct
How Poland differs from the US
Rely's on trade with foreign nations
Trouble with road, railway, and internet infrastructure
Terrible tax system on entrepreneurs
GPD growth in Poland: 4.2%
GPD growth in US: 1.6%
Many restrictions on trade