U.S.-based firms could avoid country risk by simply avoiding international business.

Question

Quizplus · Accepted Answer

Country risk refers to the potential for economic, political, and social factors to negatively impact a firm's operations in a particular country. By avoiding international business, U.S.-based firms can avoid exposure to these factors and minimize their country risk. However, this approach would also limit their growth opportunities and potentially lead to reduced competitiveness in the global marketplace.

US-Based Firms Could Avoid Country Risk by Simply Avoiding International