Which of the following is a sociocultural factor in the international business environment?
A) Language
B) Exchange rates
C) Tariffs, taxes, and quotas
D) Per capita income
E) Infrastructure

Question

Quizplus · Accepted Answer

Sociocultural factors refer to social and cultural aspects such as language, beliefs, values, norms, and customs that affect the behavior of people in a particular society. Language is a sociocultural factor that plays a critical role in international business. It can affect communication, negotiation, and marketing strategies. Understanding the language and cultural nuances of a foreign market is essential for success in international business.

Which of the Following Is a Sociocultural Factor in the International