Business (International Business (Must learn many cultures and greetings.,…
Transaction whose manufacturing and trade occur beyond the borders of the home country
Large area to sell to.according to global standards so they are much higher than domestics.
South Africa's main source of imports comes from China as does the U.S.
Quality standards are set high
Accepts multiple forms of currency
Needs lots of capital investment
Multiple sets of laws and rules to adhere to. More restrictions.
Must learn many cultures and greetings.
South Africa has multiple official languages. The United States only has one.
Most South Africans are bilingual. Most Americans are not.
Factors of production are not mobile
Requires more research than domestic business
Transaction that occurs within the geographical country limits
Limited area to sell to
Quality standards are relatively low
Only accepts one kind of currency
Dollar in U.S.
Rand In South Africa
Low capital investment
Only one set of laws and rules to adhere to
South Africa, while part of the African Caribbean Pacific group of countries, is not party to the same preferential trade arrangements granted to the African Caribbean Pacific countries under the Cotonou Agreement.
United States follows the rules made by the federal trade comision
The business conduct and cultures are known and are easy because they are the same as yours.
Easy to research
Factors of production are mobile