Question

describe the barriers businesses face when trying to conduct business internationally ?

Answer 1

Three major domestic barriers to international trade are common:

Attitude of "I'm too small to export"--The first step to building an export program isrecognizing that the opportunity to export exists.

Lack of Information--Entrepreneurs should thoroughly research the possibility of going global and use every possible resource available to them such as government and private organizations' international exporting and marketing information, in order to make valid decisions. Companies must also be willing to make the necessary adjustments to their products and services, promotional campaigns, packaging, and sales techniques in foreign markets.

Lack of Available Financing--Many entrepreneurs cite lack of financing as a major barrier to international trade. Before embarking on an export program, entrepreneurs should have available financing lined up.

International barriers include tariffs, quotas, embargoes, dumping, political barriers, and cultural barriers.