Final answer:
The concept that data is subject to the laws of the country where it is stored is called data sovereignty. This is important in the context of international business and trade because it may affect a company's operation and compliance strategies.option c.
Step-by-step explanation:
The concept that data is subject to the laws of the country where it is stored is known as data sovereignty. This principle is especially relevant with the enactment of laws such as the European Union General Data Protection Regulation (GDPR). The GDPR stipulates that data about EU citizens can only be collected or processed under certain conditions and applies to both private companies and public agencies. Additionally, the broader implications of data sovereignty extend to concerns about adherence to environmental protection laws and economic security that may be compromised by relying on imported goods or services.
The concept that data is subject to the laws of where it is stored is called data sovereignty.
Data sovereignty refers to the legal and political jurisdiction over data, dictating who has control and access to it. When a company stores its data in a foreign country, it becomes subject to the laws and regulations of that country.
For example, if your company decides to store its data in a country with stringent data protection laws, it would need to comply with those laws, even if its headquarters are located in a country with less strict regulations. This includes ensuring proper data privacy measures, obtaining consent for data processing, and complying with data breach notification requirements.