The Global Marketplace. Communications & Media Case Study

The Global Marketplace
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The Global Marketplace
How do governments attempt to control foreign businesses operating within their borders?
Governments control foreign businesses through the tariffs they impose. Tariffs work to the benefit of the domestic companies because they make foreign products more expensive. However, they also benefit the host country by encouraging foreign countries to shift their manufacturing operations to the host nations.
Another way host governments control foreign businesses is through legislation. Legislations are the laws of the land that seek to control how businesses conduct their operations. Host governments enact laws that help to make sure foreign businesses are operating within their limits.
When U.S. companies do business in other countries, what issues do they face?
While doing business in other countries, U.S. companies face an issue like language barrier. This can be a major deterrent to business and often necessitates the presence of translators to help ensure parties understand each other as well as the terms being communicated. Another issue is the differences in culture. The cu...