Minimizing or Adapting to the Political Risk Inherent to Global

question 88

Multiple Choice

Minimizing or adapting to the political risk inherent to global business makes use of joint ventures and collaborative contracts. What strategy does this statement describe?

• A)defence strategy  
• B)control strategy  
• C)cooperation strategy  
• D)avoidance strategy

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Definitions:

Economic Theory

A set of principles and models that explains how economies operate, including the distribution of resources, the allocation of goods and services, and the consumption behavior of individuals and organizations.

French Catholics

Members of the Catholic Church residing in France, a demographic that has played significant roles in French history, particularly during conflicts over secularism and the relationship between church and state.

Slave Trade

The historical trade in which human beings were bought and sold as property, predominantly across the Atlantic Ocean from Africa to the Americas.