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International Aspect of Business

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Added on  2021-02-19

International Aspect of Business

   Added on 2021-02-19

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INTERNATIONALASPECTS OF BUSINESS
International Aspect of Business_1
Table of ContentsINTRODUCTION...........................................................................................................................11.1 Explain international environment of business of Mac Donald's..........................................11.2 Mechanism to regulate the international trade.......................................................................22.1 Environment and culture of other country affects the operations of business.......................33.1 Financial environment affects the global business................................................................34.1 Reasons to operate business internationally..........................................................................44.2 Business strategy adopt for operating the business internationally.......................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONInternational business refer to trading of goods, services, technology, capital andknowledge across the national borders and at a global or transnational level as it enhance the freetrade, increase the globalization and achieve the world piece by building the relation throughtrade. This report explains the international environment of the business and the mechanisms toregulate the trade. This report explains how the environment and the culture affects theoperations of the business internationally through the communication and .1.1 Explain international environment of business of Mac Donald'sInternational business environment is also referred as the global business environment.McDonald's is the fast food international chain restaurant established globally. It is havingremarkable market share and have the favourable goodwill. It is having the dominant position inthe fast food industry (Dunning, 2015). Several diversified tools and the methods that analyse thebusiness environment arePoliticalpolicies of the state and the countries always affect the operation of the business.McDonald's is also affect from these policies as every country is having the different laws andthat influence the business operations of McDonald's. Issues that affects are employee law,taxation policies etc.Economicevery company try that they do not affected from the ongoing financial crisis globally. Inthe different countries McDonald's also faces the different kinds of revenue measurements aswell as taxes. Not globally but the local condition of the economy also affects the operations ofMcDonald's.SocialNow the living style is being transformed and this will affect the operations ofMcDonald's. As the demand of the customers are transformed and also vary from country tocountry and their religion also plays the important role. To fulfil the demand of customersMcDonald's also research the market of particular country and try to provide the effective rangeof food.Technological1
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