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Activity 2

The document discusses various factors affecting international business, including political, economic, legal, social, and technical considerations. It highlights the importance of Philippine exports in job creation and GDP growth, particularly through electronic products and manufactured goods. Additionally, it identifies key challenges in international trade, such as tariffs and import/export regulations, which can hinder market access and product quality.

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raqueldemafelis03
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7 views

Activity 2

The document discusses various factors affecting international business, including political, economic, legal, social, and technical considerations. It highlights the importance of Philippine exports in job creation and GDP growth, particularly through electronic products and manufactured goods. Additionally, it identifies key challenges in international trade, such as tariffs and import/export regulations, which can hinder market access and product quality.

Uploaded by

raqueldemafelis03
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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RAQUEL B.

DEMAFELIS BSBA-FM3
INTERNATIONAL BUSINESS AND TRADE M-W(2:30-4:00)

ACTIVITY 2

1. Political. This is how the host government feels about your company.
Normally, a foreign company must avoid all political involvement in the host
nation since it harms the company's interests. Economic. These are the
economic variables that could affect how well your company does overseas.
Legal. These restrictions could make it harder for businesses to operate. Social.
The company must look into the social and environmental circumstances in the
nation where you want to start a business. Conditions that are conducive to
business include those that are physical, commercial, and peace and order-
related. Technical. If your company can compete with other businesses in the
sector, it has this technology.

2. Philippine Export helps generate much-needed jobs and support economic


growth in the localities where they transpire. Moreover, exporting is also
mutually beneficial in terms of learning for both exporters and importers alike.
An increase in exports increases GDP because they bring in more revenue from
foreign nations through the goods that are exported. One example is the
Electronic Products which is made up of 58% of the country's total exports worth
US$3.51 billion, and Manufactured Goods making up 7.5% of the total exports.

3. Since I'm a management student, I believe that the most important step in
developing an international business plan is "Identifying of Business Strategy
Goal," because if you want to open a business abroad, you need to be clear
about why you would like to do so, who your target market is, and whether you
can manage that business despite any difficulties that may arise.

4. Three main obstacles that traders encountered when doing international


commercial transactions include tariffs, import/export licenses, and import
quotas. These three trade obstacles, which are frequently criticized for their
impact on the developing world, would result in a limited selection of products,
forcing consumers to spend more money and accept lower quality.

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