Political factors are concerned with government policies, laws and administrative orientations of
different countries and regional economic blocks. The political factors form the basis for
regulating international trade with respect to tariffs, quotas and technical standards. The
economic environment has been classified in three different categories which are the economy of
at a global level, the economy in the host country and the economy in the home country. The
home country economy includes the various policies found in it and how liberal they are is key
for successful international activities to be carried out. These policies include, economic policies,
promotional and regulatory measures and trade and commercial policies. The host country
economy is also important and affects how international business is carried within a country. The
Gross Domestic Product (G.D.P), size of the market, the purchasing power of the people in the
hosting country, banking system, the country’s industrialization level, economic diversity,
income levels and foreign exchange systems in the host county dictate how business will be
carried out. The global economy affects how business is run throughout the world and thus
deemed as an important factor.
Social and cultural factors are important to consider while carrying out international business.
Basically, socio-cultural factors are customs, lifestyles and values that characterize a society.
More specifically, cultural aspects include aesthetics, education, language, law and politics,
religion, social organizations, technology and material culture, values and attitudes. Social
factors include reference groups, family, role and status in the society.
The availability of technological infrastructure and technical capacities determine the prosperity
of a multinational corporation in host countries. Factors such as broadband connectivity and
technical training have become essential ingredients of successful operations in the modern
business world. Moreover, the levels of technological developments in a given country define the scope of technical understanding among its population. While it may be easier to establish
and maintain technical operations in high-technology countries, the same cannot be said of low technology countries.
Mukamimuriuki answered the question on November 18, 2018 at 11:26
- What were the earliest crops to be domesticated during the development of agriculture(Solved)
What were the earliest crops to be domesticated during the development of agriculture
Date posted: November 16, 2018. Answers (1)
- Discuss the Cultural and economic practices of early man.
(Solved)
Discuss the Cultural and economic practices of early man.
Date posted: November 16, 2018. Answers (1)
- Explain the stages of evolution of man and highlight the features at each stage(Solved)
Explain the stages of evolution of man and highlight the features at each stage
Date posted: November 15, 2018. Answers (1)
- State the important aspects of Darwin theory(Solved)
State the important aspects of Darwin theory
Date posted: November 15, 2018. Answers (1)
- What are the advantages of methods of dating fossils(Solved)
What are the advantages of methods of dating fossils
Date posted: November 15, 2018. Answers (1)
- Explain the methods used by the archeologists to determine the age of fossils.(Solved)
Explain the methods used by the archeologists to determine the age of fossils.
Date posted: November 15, 2018. Answers (1)
- Explain how archaeologists locate a historical site.(Solved)
Explain how archaeologists locate a historical site.
Date posted: November 15, 2018. Answers (1)
- Explain oral traditions, linguistics, anthropology and archaeology which are unwritten sources of information giving advantages and limitations in each(Solved)
Explain oral traditions, linguistics, anthropology and archaeology which are unwritten sources of information giving advantages and limitations in each
Date posted: November 14, 2018. Answers (1)
- State the categories of sources of information on history and government.(Solved)
State the categories of sources of information on history and government.
Date posted: November 14, 2018. Answers (1)
- Explain the meaning of government and explain the three arms of government(Solved)
Explain the meaning of government and explain the three arms of government.
Date posted: November 14, 2018. Answers (1)
- Define (i) History (ii) Pre-history(Solved)
Define (i) History (ii) Pre-history
Date posted: November 14, 2018. Answers (1)
- Describe the extent to which customs are source of law in Kenya(Solved)
Describe the extent to which customs are source of law in Kenya.
Date posted: November 9, 2018. Answers (1)
- What are the reasons for migration of Eastern Bantu into Kenya before 1800?(Solved)
What are the reasons for migration of Eastern Bantu into Kenya before 1800?
Date posted: November 9, 2018. Answers (1)
- What are the benefits of local authorities in Kenya?(Solved)
What are the benefits of local authorities in Kenya?
Date posted: November 9, 2018. Answers (1)
- Name the branches of local governments in Kenya (Solved)
Name the branches of local governments in Kenya
Date posted: November 9, 2018. Answers (1)
- What factors facilitated European conquest of African countries in the 19th century(Solved)
What factors facilitated European conquest of African countries in the 19th century.
Date posted: November 9, 2018. Answers (1)
- Explain the reasons why Europeans were interested in Africa after 1880(Solved)
Explain the reasons why Europeans were interested in Africa after 1880.
Date posted: November 9, 2018. Answers (1)
- Define the following terms (a)Archaeology (b)Linguistics (c)Anthropology (d)Evolution (e)Natural selection(Solved)
Define the following terms (a)Archaeology (b)Linguistics (c)Anthropology (d)Evolution (e)Natural selection
Date posted: November 9, 2018. Answers (1)
- What are the importance of Karl marx,Adam Smith's and W.W Rostow theories in economic development?(Solved)
What are the importance of Karl marx,Adam Smith's and W.W Rostow theories in economic development?
Date posted: November 2, 2018. Answers (1)
- State two political responsibilities of a Kenyan citizen.(Solved)
State two political responsibilities of a Kenyan citizen.
Date posted: October 28, 2018. Answers (1)