Why it is important to understand components of business

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Reference no: EM13796581

You want to launch a business internationally, and you need to choose 3 countries-1 in the Middle East, 1 in Asia, and 1 in Latin America.

• What are some of the components of these cultures that you need to understand from a business standpoint?

• How are they different in each country?

• Can you have a U.S. management style in these countries? Explain

• How are their economic systems classified? Explain why they are classified as such.

• After studying these countries, explain whether you should or should not move forward with your business plan.

Reference no: EM13796581

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