Question

Describe the various types of local (within borders) legal systems.  Discuss how these differences might affect a company that wishes to conduct international business.  Please use examples to supplement your answer.

Material life primarily refers to the technologies that are used to produce, distribute, and consume goods and services within a society.

True

False

Under ____________ exporting, a firm sells its products via an intermediary located in the foreign market.

Governments often decide to block trade. All of the following are reasons EXCEPT:

		national security
		protect the stock market
		develop a new industry
		protect declining industries
		none of the above

Focus groups normally include 30-40 people.

True

False

Answer 1

There are many domestic business in the country at domestic level which wants to expand outside India but there are certain reasons which affect their this decision lack of funds, legal restrictions and other taxation regimes plus tariffs imposed and not giving subsidy or any help in export of certain commodities.

material life refers to life without any hustle or in short life running smoothly in terms of economic it refers to production without any loss plus optimum utilisation of all resources

false, government often decide to block trade using this factor also

for example keeping in mind the national security govt may block trade like during emergency or war like situations and within the country also government also impose restrictions on the commodities or group of commodities. real life example for this can be seen when there is sur relationship between two countries this can happen between Iran and USA also.