Why is an understanding of the institutional norms, regulations and practices of other countries, important for international

Question:

Why is an understanding of the institutional norms, regulations and practices of other countries, important for international firms? Give examples to illustrate your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

International Business

ISBN: 978-0273760979

6th edition

Authors: Alan M. Rugman, Simon Collinson

See More Books

Question Posted: Dec 19, 2015 05:16 AM

See More Questions

Why is an understanding of the process of motivation important?
What are the functions normally associated with the production process? Why is an understanding of the production process, including the related data processing and cost accounting, important to...
Describe the basic elements of the project life cycle. Why is an understanding of the life cycle relevant for our understanding of projects?
Peter's Audio Shop has a cost of debt of 7%, a cost of equity of 11%, and a cost of preferred stock of 8%. The firm has 104,000 shares of common stock outstanding at a market price of $20 a share....
Describe the four primary roles of managers and the way they relate to one another.
In 2008 a drought in Australia's rice-growing regions raised the world price of rice from 12 to 24 cents a pound. Demonstrate graphically the effect of the drought on equilibrium price and quantity...
What is the radial alignment adjustment for a machine train with a 3-ft spool piece as part of the coupling?
You have made it to the final round of the show Lets Make a Deal. You know that there is a $1 million prize behind either door 1, door 2, or door 3. It is equally likely that the prize is behind any...
How does process simulation assist in conducting risk assessments and hazard analyses, such as HazOp (Hazard and Operability) studies, and what are the benefits of simulation-based safety analysis ?
At the instant shown, the velocity of collar A is 0.4 m/s to the right and the velocity of collar B is 1 m/s to the left. Determine (a) The angular velocity of bar AD, (b) The angular velocity of bar...
What are the benefits and the problems for a polycentric MNE?
In what way do ethnocentrism and misconceptions about other cultures inhibit those doing business internationally?
What do we mean by order of operations?
Implement the following C++ code fragment in assembly language. Use the block structured . IF and . WHILE directives. Assume that all variables are 32-bit integers. int array[] int lower 4; = 9; int...
Annie's is a gift shop in Texas. Her suppliers offer the firm credit on terms of 2/10 net 30 days. She does not take discounts but rather pays on 25 days. Her new finance manger is considering...
A logistics company has hired a new operator to work in the warehouse, in activities related to the reception and dispatch of merchandise and its correct location during the time it remains in the...
Neuber Company self-constructed a building during 2022 using $15 million of materials, $25 million of direct labor, and $10 million of overhead (heat, light, and power). Neuber borrowed $40 million...
In January of 2 0 2 5 , Coronado Corporation purchased a mineral mine for $ 5 5 0 0 0 0 0 with removable ore estimated by geological surveys at 1 6 0 0 0 0 0 tons. The property has an estimated value...
The triangle shown here. Express A implicitly as a function of a, b, and c and calculate A/a and A/b. B a C C b - A
What is beacon marketing? What are digital wallets?
Plaintiff, Cabot Corporation, is contesting the International Trade Administrations finding that the Mexican governments provision of carbon black feedstock and natural gas to Mexican producers at...
In 2007, the U.S. Department of Commerce announced that it would begin applying the U.S. countervailing duty statute to subsidized imports from China. China filed suit in the United States to contest...
Inner Secrets entered 2,000 dozen boxer-style shorts from Hong Kong. The boxer shorts were made of cotton flannel in a plaid pattern, with a waistband that was not enclosed or turned over, a side...
How do the resource descriptions (typing) used in the Incident Command System lead to a more effective response?
A company incurs $4172000 of overhead each year across three departments: Ordering and Receiving, Mixing, and Testing. The company prepares 2000 purchase orders, works 50000 mixing hours, and...
Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 Activities Beginning inventory March 14 March 15 July 30 Sales Purchase Sales...

Why is an understanding of the institutional norms, regulations and practices of other countries, important for international

Question:

Step by Step Answer:

Firms must adhere to the laws of the nations in which they work For example firms m...View the full answer

International Business

Students also viewed these Business Communication questions