US company expanding to Italy Research Paper Example | Topics and Well Written Essays - 2000 words

US company expanding to Italy - Research Paper Example Mostly, foreign businesses are exploited through regulations, practices and laws that are usually protective of the local businesses. These are the challenges that a U.S. firm expanding to Italy will face as it tries to gain grounds and remain competitive in foreign environment. U.S. business regulations do not discriminate against small or large corporations as they are all subject to the same regulations. The country has a host of laws that govern business in the country and must be adhered to by any business. Employment and labor laws are stringent in how they regulate treatment of employees by businesses. These laws cover every aspect of employees’ relations. Further, the laws keep on changing as the government and labor bodies continue to protect employees more. The first labor law is Minimum Wage Law which sets the least possible wage for workers of every category. Other laws include Fair Labor Standards Act, Equal Opportunity Employment, Employee Retirement Income Security Act and many other laws that regulate employees’ welfare. The Employee Retirement Income Security Act (ERISA) seeks to make sure that every employee receives retirement benefits according to her own choice (Cihon & Castagneria, 2013). The Immigration and Nationality Act prevents any business from discriminating against any U.S. citizens. Advertising and marketing laws are also stringent on businesses activities. The Federal Trade Commission ensures that business comply with these laws. The laws are intended to safeguard consumers’ interests, while protecting them from scrupulous business who cheat through advertising and marketing. Businesses are required to give the truth in adverts, to enable Americans make purchasing decisions well. Failure to comply with these laws attracts lawsuits and heavy fines. The advertisements must not be unfair to competitors. Privacy law is another major business law that affect running of