The Three Strategies Used to Minimize or to Adapt to the Political

question 116

True/False

The three strategies used to minimize or to adapt to the political risk inherent to global business are avoidance, control, and cooperation.

---

Definitions:

Social Responsibility Strategy

A plan adopted by a business to engage in practices that have positive effects on the society and environment.

Legal Maneuvering

Strategic actions or procedures aimed at gaining an advantage or resolving issues within the framework of the legal system.

Unselfish Devotion

A commitment or dedication to the welfare of others without expecting any reward or benefits in return.

Environmental Protection

Efforts and policies aimed at preserving the natural environment from degradation and pollution.