Franchising is popular both domestically and in global markets. Domino's Pizza found that Germans like small individual pies and Japanese enjoyed squid and sweet mayonnaise pizza. The text offers the example of the 35-year joint venture between Xerox Corporation and Fuji Photo Film Co. 3. The text uses the example of Chrysler trading vehicles in Jamaica for bauxite. Evaluate the hurdles of trading in world markets.
American businesspeople are notoriously bad at adapting to cultural differences among nations.
Learning about cultural perspectives about time, change, competition, naturalresources, achievement, and even work itself can be of great assistance. A sound global philosophy is 'never assume what works in one country will work in another.' 2. In global markets, several groups of laws and regulations may apply. American businesspeople are bound to follow U.S. laws and regulations. Understanding currency fluctuations and financing opportunities is vital to success in the global market.