Ming, a global business person, had a conversation with a local shop owner in his city. The shop owner asked Ming about the challenges he has encountered doing business with many countries and cultures. Which types of business challenges did Ming most likely describe to the shop owner?

A. There are many challenges with ethical business practices while organizationing and integrating new regions into existing structures.

B. There are legal and regulatory structure differences, and challenges with public relations effectiveness.

C. There are no challenges with developing unsaturated markets for products and accessing lower labor costs.

Question

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Business

15 April, 06:50

Ming, a global business person, had a conversation with a local shop owner in his city. The shop owner asked Ming about the challenges he has encountered doing business with many countries and cultures. Which types of business challenges did Ming most likely describe to the shop owner?

A. There are many challenges with ethical business practices while organizationing and integrating new regions into existing structures.

B. There are legal and regulatory structure differences, and challenges with public relations effectiveness.

C. There are no challenges with developing unsaturated markets for products and accessing lower labor costs.

+3

Answers (1)

Know the Answer?

Heidi Rocha · Answer 1

Option A & B is correct

Explanation:

- standard of ethical conduct differs across countries which does not tally with businessman code of conduct like unhealthy labour practices (child labour) and exploitation of loop holes in tax systems.

- the difference in cultural, geographical, socioeconomic and legal system governs the market system of different regions is always a problem to global business.