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Rule of Law and Ethics and International Marketing

Rule of Law and Ethics and International Marketing

Q Requires Lopeswrite Assessment Description Write a paper (1,250–1,500 words) that discusses the following questions through your research and analysis on the effect of the rule of law and ethics on the economy in one of the three countries you previously selected in the Topic 2 globalization presentation assignment. 1. Using the country and socioeconomic problem you selected in Topic 3 Impact of Emerging Technology on the Economy of the Country assignment, identify the current legal system (civil, common, religious, or mixed) in that country. Describe the influence that colonization had on the formation of the current legal system. 2. As an entrepreneur within the country, identify how a product or service can resolve the socioeconomic problem in that country. Analyze this product or service through the specific steps of a market screening. 3. Evaluate two international market entry methods for the product or service in the country. What are the advantages and disadvantages of each method? 4. Taking into consideration the cultural, societal, and religious values, provide examples of effective and ineffective advertisement practices you would implement to introduce the product or service into the country. Explain your reasoning. 5. For the selected product or service, recommend at least two legal compliance approaches that should be used by companies when conducting international business in the country (e.g., employment law, tax law, advertising law, corporate law). 6. For the selected product or service, provide two key recommendations to consider regarding ethics and social responsibility in your selected country (e.g., intellectual property, competition, corruption). You are required to include a minimum of three scholarly sources with in-text citations and references. Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.

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The rule of law and ethics are significant aspects to be observed when entering new markets. Before venting into any business, it is significant for a company to consider religious, societal, and cultural values, entry modes, market analysis and legal challenges that affect the advertising campaigns and building effective compliance controls that facilitate enforcement of social responsibility and ethical behavior (Zalnieriute, Moses & Williams, 2019). The rule of law applies to entrepreneurship. There are fundamental legal systems such as religious, common law and civil law. Common law occurs when the judges have to follow the case law and legislative regulations and statutes. In free economies, the law is regarded to be king.