Professional Documents
Culture Documents
Internationalization or Cost
Effectiveness
Quick Profits
Product quality
Features
Packaging.
Developed Countries
For a company in a developing country to do
business in advanced and more
competitive environments it is vital to
understand differences in respect of
Product quality
Features
Packaging.
Challenges faced by Exporter
Countries to enter
How to enter each country
How to adapt product and service features
to each country
Pricing
Communication to fit the cultural practices
of each country
Different legal systems
Challenges faced by Exporter
Different styles of negotiation
Different requirements of buying, owning
and disposing the property,
Currency
Different language,
Conditions of corruption or political
favoritism
Barriers To Trade
Tariff
Barrier
Quotas
Non-Tariff Barriers
Justification for Protectionism
Protection of an Infant Industry
Resistance of Unfair Foreign Competition
Domestic
Export
International
Multinational
Global or Transnational
Foreign Exchange
Foreign Exchange: Transactions methods
used to make payments between
countries.
3 Japanese JPY ¥
Yen
4 British GBP £
Pound
5 Swiss Franc CHF Fr
Top 10 Strong Foreign Currencies
Rank Currency Code Symbol
6 Australian AUD $
Dollar
7 Canadian CAD $
Dollar
8 Swedish SEK kr
Krona
9 Hong Kong HKD $
Dollar
10 Norwegian NOK kr
Krona
Payment Terms
Revocable
Irrevocable
Transferable
Confirmed
Unconfirmed
Standby