Question

The Global Marketplace

How do governments attempt to control foreign businesses operating within their borders? When U.S. companies do business in other countries, what issues do they face? Describe the responsibilities and ethical concerns that you feel are important for U.S. companies to consider when doing business in other countries.

Answer 1

Solution -

control foreign businesses operating within their borders​

Global economy movement is the most open investment and rules for liberalization policies and financial activities. The Germans work simply as a facilitator for the products, services and workers' movement of cross-border. To safeguard business violations, the government uses various methods to control foreign business operating under their borders, along with the provisions of the World Trade Organization.

The government is trying to control foreign businesses operating under their borders by legislation and judicial decisions to determine that foreign companies have expanded their business with the law and the business of public policy. Due to these legal attempts to regulate foreign trade, it is to protect the domestic industry from foreign competition and compete in a healthier economy.

One of the efforts of the workers to control overseas business under their borders is that workers should be asked to work on a certain percentage of local workers rather than importing labor outside. For example, many Asian countries have large labor power. Therefore, this law can provide employment to foreign companies to enforce this law in order to control commercial law.

Another way to control foreign business is to put in contracts that if foreign businesses are selling the product in the original market, then the percentage of labor or product work is imported for the country's economic development, instead of producing it on the production house and then the good imported that country.

issues do they face

In most countries, the purchasing power of customers and businesses must be considered sufficient for US companies who want to compete in other markets. But international marketing can not be easily ignored without the crisis. To work as a businessman, to successfully implement business, explore foreign investment and sea expansion.US companies have identified huge markets to increase international trade for their products and services. U.S. Companies who do business in other countries have to face obstacles.

The political situation in the country where you are considering political change is very serious. Government policies, procedures, labor laws, rules etc. to US companies. Should be considered. The main concern of the business of doing business before investing in the host countries. It is necessary because the investment and deal power has now changed to make the country government's party.

Financial conditions such as economic conditions and tax policies, economic growth, GDP, tax rates, interest rates, exchange rates, inflation, employment conditions, and the impact of the business are directly influenced by the business. This means that what the cost is and how the source is for the country's financial position

Culture of society, democracy, democratic values, religious views of people like people's lifestyle, etc. Due to the social factors like this, it is very important for US companies to look at product design or service perspectives.

It is important to know the technical advantage of the construction companies. Depending on product production in planning business, the availability of production capacity, technology and availability of new technologies should be considered. The existing infrastructure and technology in the targeted country should be evaluated for the new business plan.

Legal terms like Guiding Regulatory Organizations, Guidelines with Policies and Procedures Frameworks is a business whereby a business must look at other countries. Companies entering the market of the new nations study the Consumer Protection Act, Environmental Law, Health and Safety, Food and Employment Act.