What Are the Strategies That Can Be Used to Minimize

question 68

Multiple Choice

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

---

Definitions:

Tariff on Imports

A levy placed on imported goods and services by a government to shield local industries from overseas competition.

Total Output

The complete quantity of goods or services produced by a company, sector, or economy within a specific timeframe.

Exports

Sales of goods or services produced in one country purchased by residents of another country.

Imported Goods

Goods brought into a country from abroad for sale.