Research the significance of understanding cultural

Reference no: EM13451657

A country's culture reflects and shapes its values, and each country adopts laws that reflect their prevailing ethical standards.

Consider the following scenario:

To assist the sale of your products in a particular foreign market, you are advised to pay a 10 percent commission to a go-between who has access to high-ranking government officials in that market. You suspect, but do not know, that the go-between will split the commission with the government officials who decide which goods to buy.

Use your module readings, the Argosy University online library resources, and the Internet to research the importance of understanding cultural differences in global business. Then, respond to the following:

Should you pay the 10 percent commission? Justify your response.
Does it make a difference if your competitors routinely pay such commissions? Explain why this may or may not have an impact on your decision.
Do you think there should be more or fewer attempt to regulate international ethics? Why? Justify your answer using the research you have done in preparation for this assignment.

Write your initial response in 300 words. Apply APA standards to citation of sources.

Reference no: EM13451657

Questions Cloud

A new common stock issue that paid a 176 dividend last : a new common stock issue that paid a 1.76 dividend last year the firms dividends are expected to continue to grow at

Strict government regulations were enacted to control : when several people died because of poisoned capsules of tylenol pain reliever strict government regulations were

Explain developing countries and how they vary from : describe developing countries and how they differ from industrial market economies. how can international trade aid

Explain how the marketing of services differs from the : explain how the marketing of services differs from the marketing of products including the four 4 marketing elements

Research the significance of understanding cultural : a countrys culture reflects and shapes its values and each country adopts laws that reflect their prevailing ethical

Analyze the importance of competitive intelligence and : use the virtual organization link on the student website to access additional company information on kudler fine

Which loan would give you with most upfront money when loan : the following three one-year discount loans are available to youloan a 120000 at a 7 percent discount rateloan b 110000

I objective is to keep price level same next year ie no : the one product economy which produces and sells only personal computers pcs expects that it can sell 500 more or 12500

Find out velocity of money based on m1 money supply find : assume that a country estimates its m1 money supply at 20 million. a broader measure of the money supply m2 is 50

User Account

All Pages