When a Company Decides to Do Business Outside Its Own

question 91

Multiple Choice

When a company decides to do business outside its own country,it must research several factors,including potential barriers to international trade.Which of the following is not a potential barrier cited in your text?

• A) Legal
• B) Political
• C) Cultural
• D) Economic
• E) Scientific

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Definitions:

Economic Recession

A period of temporary economic decline during which trade and industrial activities are reduced, typically identified by a fall in GDP in two successive quarters.

Economic Depression

An economic depression is a severe and prolonged downturn in economic activity, characterized by significant declines in GDP, high unemployment, and deflation.

Non-union

Refers to workplaces or employees that are not affiliated with a labor union, often indicating a different set of workplace policies and employee benefits.

Video Surveillance

The use of video cameras to monitor activities in various environments, often used for security purposes, to deter crime, and to gather evidence.