ISABELA STATE UNIVERSITY

COLLEGE OF BUSINESS, ACCOUNTANCY AND PUBLIC ADMINISTRATION

INTERNATIONAL BUSINESS AND TRADE

Name:____________________________________________ Section:____________________

ACTIVITY 3

1. What should a business firm do to adjust itself to a specific culture in a particular

country?
2. Different countries have different kinds of legal systems in relation to business operations.
List down and discuss the importance of law in international businesses.
3. What type of economic system does the Philippines practice? Explain your answer.
4. What is the difference between “Economic Classification by Income” and “Economic
Classification by Regions”?