Addressing International Legal and Ethical Issues Simulation Summary LAW/421 August 6‚ 2013 Addressing International Legal and Ethical Issues Simulation Summary International trade is important and beneficial to business. However‚ international trade guides a safeguard of interests‚ specific business contract‚ defined law‚ forum of dispute settlement‚ and understanding of contract clauses. “A working knowledge of international law helps business owners and managers with global interests reduce
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B2B and B2C: Ethical‚ Legal‚ and Regulatory Issues The World Wide Web has become more than a growing trend in today’s world. It is the electronic wave of the future for business‚ education‚ communication‚ and technology that is happening now. From 2000 to 2007‚ worldwide Internet usage grew 256% and at year-end 2007 Internet users numbered 1‚319‚872‚109‚ or 20% of the world’s total population (Internet World Stats‚ 2008). These statistics represent a business market waiting to be explored
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421 * What are the issues involved in resolving legal disputes in international transactions? All contracts that deal with outside countries must be able to have some type of legal implementation (Melvin‚ 2011). There has to be some type of enforcement on the contract or it may never be resolved. * What are some practical considerations of taking legal action against a foreign business partner based in another
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Management of Legal Issues affecting E-Commerce Introduction Risk management is the ability to identify‚ assess‚ and prioritize risks depending on the threat they poses on a business and the resources available. Most organizations are operating their business online nowadays. Many industries such as banking‚ insurance‚ selling of goods‚ offering of certain services are turning their operations online. E-commerce has many challenges that threaten to make any organization conducting online business to fail
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macroeconomic policymakers could tame the business cycle and implement policies that would end recessions. Are recessions a necessary fact of macroeconomic life? If not‚ what would it take to eliminate them? If they are unavoidable‚ what types of business can benefit from them? How would a recession affect your firm? Economists identify business fluctuations in the economy by measuring the Gross Domestic Product (GDP) output. This fluctuation of output is called the business cycle. McConnell (2009) states
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Addressing International Legal and Ethical Issues Simulation Summary November 25 2012 CadMex developed a business relationship with Gentura and starting doing business in Candore as a result. Candor was not a member of the WTO or any other international entity in the beginning but showed promise. Candore was a dictatorship and so was a politically unstable country‚ but it did have a working government and legal system. The purpose of the simulation was to safeguard the
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especially when you are conducting business in ones backyard. There shouldn’t be any conflict because the different laws and customs should’ve been researched and worked out before the organization was even open for operation. Making a decision to open an organization in a foreign country is not always easy especially when the legal aspects are not always the same. When resolving legal disputes in international transactions there are some issues that will occur. The issues are making sure the contract
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International Issues Aimee Head LAW/421 September 9‚ 2013 Kathryn Harris Abstract No two countries have the same political and legal system. Each country has its own laws and regulations on business and products. When doing business in another country it is important to know the laws and abide by them. Culture plays a huge part in a business’s success when venturing into a foreign market. Being sensitive to the cultural and religious beliefs in that country is important to a business’s long
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When addressing a legal dispute in international transactions views in changes in legislation‚ clashes of interest and ethical dilemmas must be taken into consideration and acknowledging of the local culture is also paramount to a successful solution to a legal dispute. One practical consideration is to implement an A D R in case a legal action is necessary; it’s less costly and expeditious than settling in local courts and both parties may suffer less red tape when dealing with governments that
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selling products or services to consumers directly via their web site. Every company needs to deal with legal‚ ethical and regulatory issues every day in normal business activities‚ but there are a whole new set of issues that come up with so much business being conducted online and this paper will attempt to show the differences and similarities between B2B and B2C sites. Ethical Issues Privacy issues are a major difference between B2B sites and B2C sites. On a B2C site‚ privacy is one of the main concerns
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