Question

forces that affect global trade
the hurdles are more complex in the global market than in the domestic market. this exercise requires you to identify the four forces affecting global trade and match those with examples of each of the forces. this activity is important because it identifies different examples of the four forces affecting global trade.
instructions: match the forces affecting trade with the type of trade hurdle in the global market.
1 multicultural forces 2 sociocultural forces 3 legal and regulatory forces 4 physical and environmental forces 5 economic and financial forces
match each of the options above to the items below.
religion is an important part of any societys culture and can have a significant impact on business.
labor costs for multinational corporations can vary as currency values shift.
the foreign corrupt practices act of 1978 can create a competitive disadvantage.
developing countries have primitive transportation and storage systems, making distribution ineffective.

Explanation:

• Religion impacts culture and business, fitting sociocultural forces.
• Currency - value - related labor - cost changes for multinationals are economic and financial forces.
• The Foreign Corrupt Practices Act is a legal and regulatory force.
• Primitive transportation and storage systems in developing countries are physical and environmental forces.

Answer:

• Religion is an important part of any society's culture and can have a significant impact on business: 2. Sociocultural Forces
• Labor costs for multinational corporations can vary as currency values shift: 5. Economic and Financial Forces
• The Foreign Corrupt Practices Act of 1978 can create a competitive disadvantage: 3. Legal and Regulatory Forces
• Developing countries have primitive transportation and storage systems, making distribution ineffective: 4. Physical and Environmental Forces