| A | B |
|---|
| Geography | what is the location, climate, terrain, seaports, and natural resources |
| 2. Cultural and Social Influences | Culture is the accepted behaviors, customs, and values of a society…the main cultural and social factors that affect international business are language, religion, values, customs, and social relationships |
| Economic Development | how developed is a country…do citizens travel by high-speed train or by mule…do citizens live in large suburban houses or in grass huts…do citizens have running water in their homes or do they get it from the local river? |
| Infrastructure | Refers to the nation’s transportation, communications, and utility systems. |
| Political and Legal Concerns | A country’s government has a large influence on business in their country |
| Trade Barriers | Restrictions to free trade between nations |
| Quotas | A government might set a limit on the quantity of a product that may be imported or exported within a given time period |
| Tariff | A tax that a government places on certain imported products |
| Embargo | A government stops an import or export completely |
| Free-Trade Zones | A selected area where products can be imported duty-free and then stored, assembled, and/or used in manufacturing |
| Free-Trade Agreements | An agreement between member countries to remove duties and trade barriers on products traded among them |
