problem of international business?
Problems of International business are:
i. The difference between the currencies creates a hindrance in the trade as one country’s currency cannot be used in other countries.
ii. International trade involves a host of legal formalities such as import licence, export clearance, etc. that must be completed before getting into international trade.
iii. Because of large physical differences there exists problems in transportation of goods across borders.
iv. It can turn out to be a lengthy and time consuming process.
i. The difference between the currencies creates a hindrance in the trade as one country’s currency cannot be used in other countries.
ii. International trade involves a host of legal formalities such as import licence, export clearance, etc. that must be completed before getting into international trade.
iii. Because of large physical differences there exists problems in transportation of goods across borders.
iv. It can turn out to be a lengthy and time consuming process.