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(Considering risk in international business) Business has no idea about the local risk.It’s difficult to operate and manage in such condition where the Culture, Social, Economic, Political, and legal structure are not stable.These factor decreases profit ratio of international investment.
With passage of time international business is started all over the world especially in United State.
(Czinkota et al., 1999) The international business brings countries together. It exchanges the ideas, information, service, and capital across the country’s borders.
Such condition is not considerable for the international business.
Business development and prosperity are depending on the local and national conditions.bbok1) for example both South and North Korea.
Without it there will be no “culture” no “organisation” and no “society”. “Resistance to change, deterioration or displacement”. Stability is a ship in the sea which maintain its upright position either the condition is.
Stability maintain for long period of time and it resist to all the changes that happen in the surrounding.
It bring new environment of friendship, development, stability, prosperity, innovation and technology in the world.
Due to the international business same kind of product are used throughout the world.
For example ford, Toyota, Honda, and Mc Donald, KFC, burger king, and so many other things which are use worldwide.
International business brings globalisation in the production.