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Business: A Changing World, 4/e
O.C. Ferrell, Colorado State University
Geoffrey Hirt, DePaul University

The Dynamics of Business and Economics

BATW Exercises

Chapter One: The Dynamics of Business and Economics

Economic conditions can have a direct impact on a business' operations, and these impacts would naturally differ depending on the role the government held within that economic system. Using the Business Around the World Map find out how governments in a Communist economic system like China might impact a business' operations as compared to those in a Capitalist system like in Germany? Please give specific examples. (Hint: Look at the Country Commercial Guides listed for each country.)


Appendix A: The Legal and Regulatory Environment

You are thinking of launching a new a business in Las Vegas, Nevada but are unsure of the regulatory practices of the local government when it comes to competition. You have done your homework on the subject matter, but still want to know what issues usually arise in that city around competitive regulations and how they are handled. Where would you look to find this information? Give an example of what you found.





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