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India hosts people from different religions and languages. There is a majority of Hindus, followed by Muslims, Sikhs and Christians. Languages spoken include but are not limited to Hindi / Urdu, English and Punjabi.
Business trends in a country are immensely influenced by the social and cultural norms prevailing in that country. Likewise, business in India is unique in nature. Indians are greatly influenced by the English people who have ruled them for centuries in the past. Accordingly, good business culture in India is considered one that would conform to the Western standards in terms of business language, dress codes, ethics, organizational structure and functionality. Generally any person who can speak good English is considered literate and qualified for many types of opportunities in the market. Indians are generally polite and sharp. Usually, they would frequently be observed making promises on petty matters to convince the other person.
India generally has a 5 day working week, Monday through Friday, with 8 working hours in a day, which includes a 1 hour lunch break. However, in some organizations, it is also compulsory for workers to work on Saturday. “Business hours are usually from 9.30 to 5.30pm (weekdays) with a lunch break from 1pm to 2pm, and Saturdays from 9.30am to 1pm.” (www.iexplore.com, n.d.). However, (Nita, 2008) mentioned in her report that the official work week in India consists of 48 hours which starts from Monday and ends on Saturday. Sunday is officially declared as a holiday.
Use of fax as a medium of communication is quite frequent in Indian business culture. Although this seems quite simple and easy, yet managers can not be approached directly through a phone call, unless a formal appointment has been taken following the proper hierarchical procedure. Confidential matters are not discussed in emails and spams are not replied. Additionally, in writing business letters or other documents,
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International accounting is regulated by International accounting framework. This reports briefs about the concept, usefulness, and implications of International Accounting. This report is containing all the research of International Accounting Standards, UK GAAP and European rules and regulations about Accounting.
In conducting international trade, there are procedures and techniques multi-national organizations employ to achieve their objectives and this includes market research involving the consumption, use and purchase of their product. Research has to be conducted on their competitors and the various legal channels to be followed to acquire trading license in the mentioned market.
The exchanging process includes purchasing and selling of products or services that are conducted among various trading partners across different countries. According to the modern definition, the international trade refers to an increasing competition along with more spirited pricing within the international market.
International Trade In the wake of globalization and liberalization, international trade has increased manifold. In fact, it is in the benefit of international consumers as they get the quality goods at the lowest possible prices; however, many economists oppose it as it affects domestic manufacturers.
Mainland China and Hong Kong are not ruled out in this and each of them has a court that judges the various cases that arise within the country.
This research proposal is a light of what is expected out a research on the court's supervision and assistance in international arbitration comparing and contrasting with the People's Republic of China and Hong Kong.
The core of International business is trades as defined by the Webster’s Universal Dictionary And Thesaurus (1993) as the “deal, exchange, sell, and traffic” of goods. Goods to be the legal subject of a business transaction must first be released by its
Furthermore, international banking is almost synonymous with international financial markets as both augment each other. These foreign customers can be either individuals or business companies. Individuals work with international banks for various reasons such as
These non-state actors include multinational corporations (MNCs), non-governmental organizations (NGOs) and intergovernmental organizations (IGOs). The United Nations is an example of a powerful and big intergovernmental organization that has been created by governments of nation-states to carry out a specific purpose.
1 Pages(250 words)Research Paper
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