Asked by
Brayan Rivera
on Dec 18, 2024
Verified
Rhombus Inc. is a German consumer electronics company. It is planning to start its operations in India. Which of the following is an economic factor that Rhombus should consider before starting its operations in India?
A) The major and minor religions in India
B) The stability of trade cycles in India
C) India's labor laws
D) India's intellectual infrastructure
Trade Cycles
Periodic fluctuations in economic activity characterized by phases of boom and bust, affecting international and domestic trade.
Economic Factor
An element that influences the performance, stability, and behavior of economies, markets, or individual financial entities, such as inflation or GDP growth.
- Determine the influence of economic, political, and sociocultural elements on the functioning of international businesses.
- Determine the economic considerations businesses evaluate prior to entering global markets.
Verified Answer
TB
Learning Objectives
- Determine the influence of economic, political, and sociocultural elements on the functioning of international businesses.
- Determine the economic considerations businesses evaluate prior to entering global markets.