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Business Operation - Coggle Diagram
Business Operation
South Africa
Use a lot more domestic products since there was an apartheid
VAT (Value Added Tax) 15%
Less freedom for business creation
Less Competition because of less financial freedoms
Less product standards
United States
More market competition
VAT (Value Added Tax) 10%
Many domestic and international products used.
Product standards to improve quality
International
Operates in many countries
Higher quality standards set according to global standards
Needs a lot of capital to be started
subjected to law taxation and tariffs
the nature of customers of every country it serves is different
Domestic
Restricted operation to home country.
Quality standards are usually low
Deals in only one currency
Very Few Restrictions related to taxation