Business leaders can manage political risk using a three-step process. The geography of international trade remains dominated by a few large economic blocs, mainly in North America, Europe, and East Asia, which are commonly referred to as the triad. Answer. International business is any business that largely takes places across national boundaries. It's no coincidence that the poorest countries are in the tropics, where it is hot, the land is less fertile, water is… 1 2 3. have given little attention to the ways in which the geography of value-added activity and. While it’s important for business owners that deal with international markets to understand the regulations that govern these activities, it’s more important to understand the four basic types of international business activities that are most attractive to people entering this industry. Alone, the United States, Germany, and Japan account for about a quarter of all global trade, with this supremacy being seriously challenged by emerging economies. how does international business affect you as a citizen increases awareness of the world because your decisions affect many people worldwide everyday what geographic factors might influence the company's international business activities Culture affects our relationships with any of our business associates. ... have the potential to affect international business decisions. 2010-04-20 13:30:55 2010-04-20 13:30:55. Climate One of the most important factors in development is geography, where the country is in the world, and climate. Wiki User Answered . Top Answer. Hence the growing importance of localization , the process of adapting a product for non-native environments and languages, especially other nations and cultures. The activities of most business firms are affected by international factors like the raise of inflation in different countries with which they trade. The notion of globalisation needs be. Asked by Wiki User. On the other hand, language barrier can be off-putting and a serious challenge in conducting international business even when there is a translator. An international business that knows how to communicate in different international languages enjoys the benefit of being able to convey the right messages to consumers or prospects. You probably have heard the expression that “… when in Rome, do like the Romans do.”‍ Next, managers must quantify the impact of particular risks on company … Similarly, the various trade barriers (including tariffs) created by different countries affect the domestic firms and their export efforts. The business world has thus learned to be aware of technological changes that can affect their productivity and also positively or negatively impact their very survival. How does geography influence business? Business has become more global, trading has become easier with different regional trading blocs. First, risk managers must identify political risks — whether they come in the form of higher taxes, terrorist activity or something else — and determine how those issues might affect the company's ability to meet its business objectives. This is part 2 in a series on why some countries remain poor. There is a permanent shift in the way information is being accessed by an individual from any location of the world and utilising it for the development of their own business. And with the globalization of business through the ease of communication and travel, understanding culture is increasingly important in today’s world. 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