What are the strategies that can be used to minimize or adapt to the political risk inherent to 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 cooperative strategies

Question

Quizplus · Accepted Answer

Control strategies involve keeping close tabs on political developments, monitoring the political environment, and employing political risk forecasting to anticipate potential risks. Avoidance strategies involve forgoing any investment in politically unstable or unpredictable environments. Cooperative strategies seek to form alliances with local businesses or governments as a way to navigate the political environment. These strategies can help minimize or adapt to political risk in global business.

What Are the Strategies That Can Be Used to Minimize