What are the strategies that can be used to minimize or adapt to the political risk inherent in global business?
A)Protectionist, avoidance, and offensive strategies
B)Creative, cooperative, and defensive strategies
C)Cooperative, customary, and nationalistic strategies
D)Avoidance, protectionist, and guerrilla strategies
E)Control, avoidance, and cooperation strategies

Question

Quizplus · Accepted Answer

Control, avoidance, and cooperation strategies are effective in minimizing or adapting to political risk in global business. Control strategies involve managing or influencing the political environment. Avoidance strategies include limiting exposure in risky markets. Cooperation strategies focus on working with governments and communities to ensure mutual benefits.

What Are the Strategies That Can Be Used to Minimize