Essay --

When doing business meetings in Italy punctuality is not a priority, being late with a good reason will not have any negative consequences. The typical business hours of stores in Italy are from eight am to one pm and from three pm to seven pm and usually do not open on Monday mornings. Some major stores will stay open through lunch breaks some may not. Malls and Food Markets are open all week except on Sundays, although there are some specific Sundays which they do open. In major cities supermarkets are open from 9am till 9pm and are open Monday through Sunday. The bank hours in Italy are from eight thirty am to one thirty pm, and then they have a break for about two hours or so and return to work at three till four thirty in the afternoon. Banks are not open on the weekends or on national holidays. Post offices work from eight thirty am until six thirty in the afternoon; they are open from Monday’s through Saturday’s. The Monetary Denomination in Italy is the euro. On e US dollar equals 0.73 Euros or 1.00 Euro has the value of 1.367 USD. In Italy the currency has more value than the currency in the United States. â€Å"In Italy they have twelve national holidays the first one is Capodanno which is celebrated on January first, this holiday is the celebration of the first day of the year. The second holiday is Befana celebrated on January six. This holiday is to celebrate the arrival of the three kings to the stable where newborn Jesus is staying with his parents, this holiday is like the holiday that is named â€Å"el dia de los Reyes magos† to Hispanics. The third holiday is named Carnevale; Carnevale is the period of relaxation and parting before Lent. The fourth holiday is Pasque, which is the same as Easter in the United States, this is... ...hen all of a sudden the company takes a hit because the business partners which you did business with did not look at the major risk factors and at the end your company is the ones who takes a hit, that is one of the major factors which you should look at. Another advantage you have for working with Italians is that the monetary denomination has more value than the monetary denomination in the United States. A disadvantage that your company may encounter is that Italians do not work much, which means that businesses are not opened the regular hours American businesses are open for; this means that there are many hours in which your company may not be making progress or making money. That is the only major disadvantage that may impact your business. Throughout this research paper you and your company can see more advantages that your company may have.