Cultural Issues Affecting International Trade/Assessment

Assessment
{As you develop your international business, your ability to collect payment in a timely manner can be affected by the -weather in the country. -contract that was signed. +culture of the country. -demand for the product that is sold.
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{Due to the unlimited variables that may affect an international business transaction, the most important foundation to establish is a -complete understanding of the legal system in which you will conduct business. -thorough understanding of the religions present in a country. -complete understanding of the language of a country. +strong relationship with your business associates abroad.
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{In a country where the level of corruption is very high, it is likely that an international manager will be required to pay +bribes (grease payments). -corporate taxes. -high duty rates. -high interest rates.
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{Cultural restrictions within a country may limit businesses -to selling a limited quantity of products during the year. +from utilizing financial and foreign exchange tools. -from completely understanding the legal system in which you will conduct business. -from thoroughly understanding the religions present in a country.
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