What
is the difference between doing international business versa domestic?
A:
There
are many differences. Let just list some of them:
Foreign markets have different business environments and market structures that
demand different types of marketing. Furthermore, customs duties and local
rules and legislation will affect you. The foreign competitors have their
own way of competing on their markets.
Different languages and ways of communicating
Different cultures and religions that demand that you to adapt to them.
Other currencies and ways of payments
Differences in supplying information and perhaps different knowledge levels
Currency risks and political risks
Longer transport distances and higher demand on packaging
Different ways of selling
Difference in technological level and product demand
Legal differences, i.e. different laws and legislation.
