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What Are the Two Forms of Risk External to the Process

question 37

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What are the two forms of risk external to the process which might affect an export transaction?


Definitions:

Behavioral Economics

A branch of economics that studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Government

The organization, or group of people, that has the authority to rule and conduct the affairs of a state, country, or community.

Economics

The social science that studies how individuals, businesses, governments, and societies make choices on allocating resources to satisfy their wants and needs.

Monetary Rewards

Financial benefits given to individuals or groups as a form of compensation or incentive.

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