Outline why the culture of a country influences the costs of doing business in t

Business & Finance
Tutor: None Selected Time limit: 1 Day

Outline why the culture of a country influences the costs of doing business in that country. Illustrate your answer with examples, outside of the textbook.

Aug 20th, 2015

Thank you for the opportunity to help you with your question!

A good example is that the British are more formal - so showing up in white socks and Birkenstock s would certainly affect a business deal. Their national holidays are not the same as ours. Don't expect workers to come to work on 12/26, due to Boxing Day, which is also a national holiday. As is the 3 or 4 of May.

In many Islamic countries, Friday is the holy day, not Sunday. As such, this may affect scheduling business transactions between a christian country and an Islamic country.

Another example is in Egypt. Workers will only work 6 hours a day during the holy month of Ramadan. This is not a cultural difference your business could afford to eschew, as it is also the law there. This would affect productivity of any businesses you had there, as well as the timing of business deals.

Many countries have different requirements for providing gifts, and etc. Also, many cultures are wary of working with unfamiliar businesses, so money and time would have to be spent in building relationships with them, as well as possibly with an intermediary.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 20th, 2015

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Aug 20th, 2015
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