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IB Chapter 2

The international business environment encompasses global factors such as economic conditions, political and legal systems, cultural differences, and technological advancements that impact business operations across countries. It includes various types of environments: economic, political, cultural, technological, and legal, each with specific influences on business decisions. Key aspects of these environments include economic growth, government stability, cultural values, technological innovation, and legal compliance.

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28 views3 pages

IB Chapter 2

The international business environment encompasses global factors such as economic conditions, political and legal systems, cultural differences, and technological advancements that impact business operations across countries. It includes various types of environments: economic, political, cultural, technological, and legal, each with specific influences on business decisions. Key aspects of these environments include economic growth, government stability, cultural values, technological innovation, and legal compliance.

Uploaded by

balajibalu6565
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Q1. What is INTERNATIONAL BUSINESS ENVIRONMENT?

The international business environment refers to the various global factors, including
economic conditions, political and legal systems, cultural differences, and technological
advancements, that affect how businesses operate and compete across different
countries.

Q2. Types of INTERNATIONAL BUSINESS ENVIRONMENT?

1. Economic Environment
2. Political Environment
3. Cultural Environment
4. Technological Environment
5. Legal Environment

Q3. What is Economic Environment?

Economic Environment

The economic environment refers to the overall economic conditions and factors that
affect how businesses operate and make decisions within a specific market.

Key Points

1. Economic Growth

2. Inflation Rates

3. Unemployment Rates

4. Interest Rates

5. Exchange Rates

Q4. What is Political Environment?

The political environment refers to the influence of government policies, regulations,


political stability, and political behaviour on businesses and their operations within a
country or region.

Key Points

1. Government Stability

2. Regulatory Framework

3. Tax Policies

4. Political Ideologies

5. International Relations
Q5. What is Cultural Environment?

The cultural environment refers to the values, beliefs, customs, behaviors, and
practices shared by a group of people, influencing how individuals and businesses
interact and make decisions.

Key Points

1. Values and Beliefs

2. Language

3. Traditions and Customs

4. Social Norms

5. Cultural Attitudes

Q6. What is Technological Environment?

The technological environment refers to the collection of technologies that affect how
businesses operate and interact with consumers, influencing innovation, productivity,
and competitive dynamics.

5 Key Points

1. Innovation

2. Automation

3. Communication

4. Data Analytics

5. Digital Transformation

Q7. What is Legal Environment?

The legal environment refers to the framework of laws, regulations, and policies that
govern how businesses operate within a specific jurisdiction, influencing their practices
and strategies.

Key Points

1. Regulatory Compliance

2. Contract Law

3. Employment Law

4. Intellectual Property

5. International Trade Laws

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