How Do Cultural Differences Affect the Way Firms Conduct E-Commerce

question 9

Essay

How do cultural differences affect the way firms conduct e-commerce?

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Definitions:

Actual Authority

The express and implied powers given to an agent by a principal, allowing the agent to make legally binding decisions.

Principle Of Estoppel

A legal doctrine preventing an individual or entity from making assertions or from going back on their word where actions or declarations have been made that others have relied upon.

Agency Relationship

A legal arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.

Establish A Partnership

The process of creating a partnership, which involves two or more individuals agree to share the profits and losses of a business endeavor.