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Differences Between International & Domestic Business - Coggle Diagram
Differences Between International & Domestic Business
Languages
Domestic - One national language / culture
USA - English
International - Multiple Languages / Cultures
Spain - Spanish
Germany - German
France - French
Italy - Italian
England - English
Transportation
Domestic - Everything can be trucked throughout the USA
Internationally - Has to be shipped or flown, trucking isn't always an option (once in Europe) it can be trucked between counties. (France, Spain, Germany, Italy)
Currency
Domestic - Only one (US Dollar)
International - Multiple different currencies and exchange rates (France, Spain, Germany, Italy - Euro , England - British Pound)
Government Style
Domestic - Democracy
International
France - Republic
Spain - Parliamentary Monarchy
Germany - Democracy
England - Monarchy
Italy - Democratic Republic
Tariffs
Domestic - None
International - Varies by country
Quality Standards
A domestic product might have a higher expectation by the people compared to a International product
Technology
As technology continues to change, not all latest and greatest things are available in each and every country. While it seems almost everyone has access to a computer / smartphone / internet access in the USA. That isn't always the case overseas.
Cultural Differences
Cultural differences can be found between any two countries. When a business is expanding into different regions and cultures this has to be taken into consideration. The last thing any business wants to do is inadvertently offend it's new target customers.