impact of culture and politics on business

Assignment 1: Discussion Questions—Culture and International Trade

Culture and politics are important parts of the external environment  and vary greatly, not only between, but also within each country…  Research the impact of culture and politics on business using your  textbook, Argosy University online library resources, and the Internet.  Respond to the following:

• Why is understanding culture critical for successful international  business? Give examples of how understanding culture has been important  for an international business.
• Classify and describe at least four different types of political  systems that an international business might encounter. What type of  political system might have the greatest potential for imposing adverse  political risk on an international business? Compare at least one other  system to the one you selected and explain why it has less potential for  imposing political risk.