Firms in the chemical industry,which must contend with frequently changing environmental regulations and the risk of dangerous accidents,usually have:

Question

Quizplus · Accepted Answer

Firms in the chemical industry face a high level of political and regulatory risk. Therefore, they invest in developing a sophisticated political strategy to mitigate the impact of changing regulations and minimize the risk of accidents. This may involve engagement with policymakers, lobbying, and collaborating with industry associations to influence policy outcomes that are favorable to their business interests.

Firms in the Chemical Industry,which Must Contend with Frequently Changing