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International Vs. Domestic Business (International Business (Operates…
International Vs. Domestic Business
International Business
Operates across the world
Many restrictions
Huge capital investment
Understand other cultures
Work with the same types of markets
Domestic Business
Few restrictions
Operates within a country
Producers/customers reside in the same country
Low capital investment
Free mobility of factors production
Business research can be easily done
Greece
Restrictions on legal advice
High tax
High risk doing business here
Coming out of recession
United States
The US has may regulations on international business especially when it comes to trade.
Business done internationally is based off of the culture of the other country and their ability to keep up.
International business
Thriving economy