In the context of the strategies used by firms to minimize risks, _____ is an active strategy to prevent or reduce political risks.
A) control
B) negotiation
C) market basket analysis
D) cash flow analysis

Question

Quizplus · Accepted Answer

Control is an active strategy that involves taking control of certain aspects, such as operations or resources, to reduce the impact of political risks. This may include strategies such as investing in local suppliers or establishing joint ventures with local partners to gain knowledge and influence in the local market. Negotiation, market basket analysis, and cash flow analysis are not necessarily active strategies to prevent or reduce political risks.

In the Context of the Strategies Used by Firms to Minimize