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Q: Explain the difference between 'domestic trade' and 'international trade.' (1 point) Then, give ONE example for BOTH domestic and international trade.
A: domestic trade takes place within thoroughly embedded markets; there are clear rules and they apply to all transactions equally. [ [ International trade, on the other hand, is conducted in only weakly embedded markets; the rules either do not exist or apply unevenly." ] The customer profile in the foreign market is often very different from that of the customer in the domestic market,
particularly in the areas of language, religion, ideology, living standards and fashion Different and unfamiliar cultural, economic, legal, social and political systems may be encountered in foreign markets Foreign markets represent unfamiliar environments Read more: ]
Expert answered|ANGEEELICA|Points 4703|
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Asked 8/2/2011 1:17:06 PM
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