What components comprise a physical distribution system? When managing the physical distribution system, why is it important to consider all the components together? There are many problems in communicating a firm's product offerings to its various target markets around the world. Explain at least three constraints to conducting an international advertising campaign. Briefly outline the international communications process (see exhibit 16.4). Our textbook discusses five basic payment arrangements for exported goods. List and explain three of these. Briefly describe the four stages through which business negotiations throughout the world generally proceed