Answer :
The UN's International Telecommunication Union impacts international business by regulating frequencies to prevent interference, thus ensuring reliable global communication for businesses. It also influences foreign investment policies within the telecommunications sector. Therefore, option C is correct.
The UN's International Telecommunication Union (ITU) plays a pivotal role in the realm of international business by allotting and regulating frequencies to prevent interference, as per option C. Its work involves developing international telecommunications policy that includes the allocation of frequencies and minimizing electromagnetic interference. The ITU coordinates closely with partners worldwide to ensure smooth frequency allocation and orbital assignments.
This coordination is crucial for businesses that rely on wireless communication and satellite technologies. By regulating the frequencies and reducing the potential for interference, the ITU ensures that companies can operate without the disruption of their communications systems. This is vital for keeping trade, commerce, and information exchange across borders efficient and reliable.
In addition, by managing spectrum management and being responsible for maintaining compliance with the International Radio Regulations, the ITU indirectly affects foreign investment policies, such as the ruling that external entities cannot own more than 20 percent of stock in certain U.S. telecommunications enterprises. Through the facilitation of communication media, the ITU helps businesses to compete and thrive globally, which can lead to improved products and services for consumers, increasing overall economic welfare.
