International Environment

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Last updated 12:43 AM on 7/22/26
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5 Terms

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  1. Economic environment

  2. Social environment

  3. Technological factors

International environments

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Economic environment

Presence of infrastructure that supports economic activities

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Social environment

Includes cultural differences which companies should learn the cultural practices and taboos

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Technological factors

Compatibility of available local technology with the technology employs in its operations

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Role of business

Fuels the economy since businesses maintain a flow of trade relations among producers, service providers, and households