Textbook: International Business, Environment & Operations (Rev: 13th ed) by Daniels, Radebaugh,
(Question 1). Briefly discuss the reasons why the various elements of culture might increase the cost of doing business in a country. Review the website www.executiveplanet.com. Choose two countries that are culturally diverse. Compare and contrast the cultures of the two countries and discuss the ways in which the differences in culture, business practices, and ethics will affect the cost of doing business in each.
(Question 2). What are the principal regulations or practices of nontariff quantity controls instituted by governments that affect imports and exports? Why are these practices or regulations implemented? Do you feel regulations and controls should be increased/decreased? Support your perspective with rationale, evidence, and/or examples. Remember to cite any sources used, including the textbook..
(Question 3). Identify and discuss the various steps management must take to establish a successful export strategy.