Managing an international business is different from managing a purely domestic business for which of the following reasons?
A) Countries prefer to keep business transactions between domestic partners.
B) The range of problems confronted are wider and more complex.
C) International businesses have an added layer of U.N. regulations.
D) International transactions involve exchanging currencies through each countries' treasury.

Question

Quizplus · Accepted Answer

Managing an international business is different from managing a purely domestic business for at least four reasons: (1) countries are different, (2) the range of problems confronted by a manager in an international business is wider and the problems themselves more complex than those confronted by a manager in a domestic business, (3) an international business must find ways to work within the limits imposed by government intervention in the international trade and investment system, and (4) international transactions involve converting money into different currencies.

Managing an International Business Is Different from Managing a Purely