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Domestic vs. International Business - Coggle Diagram
Domestic vs. International Business
Domestic Business (Surbhi S, 2016)
Operates within the country
Uses one currency
Few restrictions
Low transportation costs
Easy to conduct business research
International Business (Surbhi S, 2016)
Operates throughout the world
Uses multiple currencies
Very high quality standards
Many restrictions
Tough to conduct business research
Multiple sets of laws and regulations to follow
Sweden vs. U.S
Swedish government invests in certain sectors to encourage innovation and competition (wolterskluwer.com, 2020)
Sweden has a strong and stable economy unlike the U.S (wolterskluwer.com, 2020)
Individuals are taxed very highly in Sweden (wolterskluwer.com, 2020)
To finance generous parental leave policies
Makes it difficult to hire from outside Sweden
Complex labor laws (wolterskluwer.com, 2020)
Sweden is known for the ease of doing business
Less heirarchy
Executives are social and accessible to all
Sweden puts a huge emphasis on work life balance (Kramer, 2019)
25 days of vacation pay annually
U.S. does not legally require paid vacation to be offered