Discussion Questions and Participation Questions Essay - 2

Discussion Questions and Participation Questions - Essay ExampleAlong with English which the universal business words websites must the capacity to translate its material to other popular languages such as Spanish, Portuguese, French, and Japanese. Doing so will increase the reach of the corporate website.Two issues that argon important in international transactions are foreign exchange transactions and regulatory compliances. When doing business international companies have to interchange money. Due to the occurrence that different countries utilize other fiscal units other than the dollar the business transactions internationally have to take into consideration the foreign exchange market. A way to protect itself against the attempt of a monetary unit going up in the value is to write business contracts in which the parties stipulate the monetary unit that is going to be utilized. Another important issue in international business transactions is the local environmental regulatio ns. Depending on the nation on that point are different regulations. Performing research on the local laws that apply in international location is the best way to reduce business risk associated with regulatory compliance.You mentioned the importance of knowing the foreign language and the culture of the sight. Misunderstanding about cultural issues can lead to major breaks. For example in India people considered the cow a sacred animal. Fast food chains such as McDonalds and Wendys would be making a major mistake if they tried to penetrate the India marketplace with their traditional products. In some cultures such as the Chinese culture body language is important. Americans are less dinner dress about body language gestures. Professional databases such as CultureGrams provide great information about the cultures of the different countries in the world.The proliferation of online shopping has become a factor companies cannot ignore anymore. In 2009 e-commerce generated nearly $ 132 billion in sales in the United States