Why was the example of difference in fuel prices taught in the segement?
To highlight the characteristic of business regualtion and policies
To explain how differences in the fuel prices arise
To explain the characteristic of currency used in business transactions
None of the above
The example was taught to highlight the characteristic of business regualtion and policies.
When Donald Trump became the president of the United States, as a part of his immigration policy, he placed restrictions on the issue of H-1B visas which allows US employers to employ foreign workers in speciality occupations. This policy has affected many Indian IT firms like Infosys and Wipro that are located in the US because they hire many immigrants from India for cheap and skilled labour.
What characteristic trait of international business is highlighted here?
In Maruti Suzuki, a Japanese company, discipline is valued very highly. The employees are expected to report for work punctually. What characteristic trait of international business is highlighted in this example?
Explain the characteristics of business.
"Business can be small or large in a formal or individual level." Which characteristic of business is highlighted here ?