BUSN 115 Week 2 Homework ES

BUSN 115 Week 2 Homework ES - BUSN 115 Week 2 Homework ES...

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BUSN 115 Week 2 Homework ES 1. Question: Explain how socio-cultural differences create problems for Walt Disney in opening parks overseas. Your Answer: I believe that some socio-cultural differences when considering opening Walt Disney parks overseas might be the exchange rate, when the price of a country pays for another countries product or services is influenced by the prevailing currency exchange. This is the value of one nation’s currency with the respect to the currency of other countries. Things to think about when opening a park overseas are language, religious conviction, customs, ethics, laws, and monetary laws in the country. Also the environment should be considered, you wouldn’t place a park in a country where there are many relentless catastrophes. Then Walt Disney would have losses and I highly doubt that’s what they would be looking for. They desire to make profits. The population should be assessed when opening parks or any type of franchise or business in a country. Understanding the socio-cultural differences is vital in
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BUSN 115 Week 2 Homework ES - BUSN 115 Week 2 Homework ES...

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