Please, explain how cultural and demographic factors could affect the country's strategy in the new market...

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Economics

Please, explain how cultural and demographic factors couldaffect the country's strategy in the new market (give specificexamples):
explain how international trade and intellectual propertyfactors could affect the country's market entry,
explain how currency and foreign exchange issues can affect thecompany's strategy and performance.

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1 Businessrelated social and cultural variables include beliefs and procedures customs traditions and behaviors of all individuals in a specified nation fashion trends and market operations that influence behavior and choices Sociocultural perspective is one of the most important factors influencing marketing decisionmakers and strategic goals of enterprises entering new foreign markets It should be noted that legal factors that affect business are also considered as one of the major sociocultural factors that can affect businesses During strategic analysis proper identification of this factor could lead to better strategic alignment of the company with society Language more specifically translation needs to be paid very close See Answer

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