Q1. What do you understand by International business Environment?

Explain with examples.

Ans. The International Business Environment is multidimensional including the
political risks, cultural differences, exchange risks, legal risk. Therefore
International Business Environment comprises the political, economic, regulatory,
tax, social & cultural, legal, & technological environments.
An international business environment is that surrounding in which international
companies run their businesses. It brings along it with many differences.
So, it is mandatory for the people at the managerial level to work on the factors
that make an International Business Environment.