Answer / vinaykumar205

A ‘business' is commonly defined as an organisation which
provides goods or services in addition to transforming input
into output. Its objectives can either be profitable or non-
profitable. One of the main requirements that must be
fulfilled for a business to exist is that it must act and
react to activities and occurrences beyond that of the
organisation. These factors that happen outside of the
business are known as external influences or factors. They
have a major influence on a business with respect to the
main internal functions and occasionally their objectives
and strategies. However, the overriding factor that affects
most business is the degree of competition between
themselves and another business that provides the same
product or service. Other significant influences are social,
legal, economic, political and technological factors.
Technology is defined as ‘the sum of knowledge of the means
and methods of producing goods and services
The legal and political environments of global markets
differ by country and often by region within a country.
Global marketers must be aware of each environmental risk in
global markets and develop contingency plans to overcome
them.

Legal Environment

Clearly, the global legal environment is very dynamic and
complex. It is the result of three forces: international
law, U.S. domestic law, and legal requirements of host
nations. According to Czinkota and Ronkainen, (2004), when a
marketer conducts international marketing transactions with
a country, it is very imperative that managers know and
remain abreast of the policies and regulations of that
country. Whether a firm is located abroad or domestically,
it will be subject to government policies and the legal
system. However, even though many of these laws and
regulations do not pertain to international marketing
transactions, they can have a major impact on a firm’s
opportunities abroad.

Therefore, the best course to follow is to get legal help.
However, the astute, proactive marketer can do a great deal
to prevent legal conflicts from arising in the first place,
especially concerning the following legal issues such as
establishment, jurisdiction, environmental superfund,
intellectual property rights, counterfeiting, antitrust,
licensing and trade secrets, bribery, gray market, trade
sanctions, and embargoes. Further, the services of counsel
are essential for addressing these and other ...

Name your last contribution to your previous employment

1 Answers  

---

What Is Inflation?

4 Answers  

---

Discuss the ways in which non-verbal communication helps the managers to interact with subordinates effectively .How johari Window helps in communication

0 Answers   Stella Maris Institute of Development Studies SMIDS,

---

what are the corporate etiquettess

0 Answers  

---

where to buy the cashmere sweater,cashmere shawl,cashmere scarf,cashmere yarn,cashmere fibre,cashmere waste

2 Answers  

---

totoo po ba ang ufo at alien?

0 Answers  

---

why u want to join a bank? as u have agriculture background.

5 Answers   Corporation Bank,

---

I have done B.Sc.(H)Zoology.Presently doing MBA(Global Business).Went for an interview.There they asked me "Why did you do MBA after doing B.Sc.?"

20 Answers   Banking, Campus Interview, ICICI, Idbi Bank, Indian Bank, Meeting Point, Wipro,

---

What is the difference between inputs and outputs and give examples when answering the question?

1 Answers  

---

what do you actually do and how it differs from what you thought you would be doing when you started work and what problems you had to overcome and what recommendations you have for someone who is just starting out in your field?

0 Answers  

---

why are U looking for this vacancy

0 Answers  

---

How do you manage stock out situations?

0 Answers  

---