Cultural Issues Affecting International Trade
|Unit 1.2- Cultural Issues Affecting International Trade||
Unit 1.2- Cultural Issues Affecting International Trade
Understanding cultural differences is a critical aspect of international business. An international manager is not expected to master the cultures of the world; however, understanding the ways culture affects business is necessary. When selecting markets for entry or as a source of supply, an international manager must become familiar with the specific cultural factors, business etiquette and issues involved in conducting business abroad.
Correlation: Materials from this unit correlate with NASBITE CGCP's Knowledge Statement 04/01/02: Knowledge of cultural issues of buyer’s country which may impact payment methods, money transmission methods, language used, credit control procedures, level of governmental control, corruptionissues, and sources of finance