External Correspondence

question 4

Multiple Choice

External correspondence

• A)letters
• B)memos

Comprehend how PEST analysis facilitates the understanding of different markets.

Identify various modes of entry into international markets.

Recognize the impact of sociocultural factors on international business decisions.

Explain the roles and structures within international business management.

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Definitions:

Disposable Income

Disposable income refers to the amount of money that households have available for spending and saving after income taxes have been accounted for.

Aggregate Household Wealth

The total net worth held by the households in an economy, combining all assets minus liabilities.

Durable Goods

Things that last at least a year or two.

Nondurable Goods

Goods that are expected to last or be used for less than one year.