A Firm Trying to Prevent or Reduce Political Risks Will

question 94

Multiple Choice

A firm trying to prevent or reduce political risks will lobby foreign governments or international trade agencies to change laws,regulations,or trade barriers that hurt its business in various countries. Which strategy is described by this statement?

• A)defensive strategy  
• B)control strategy  
• C)cooperation strategy  
• D)protectionist strategy

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Definitions:

Intelligence

The ability to acquire and apply knowledge and skills.

Upward Appraisals

A feedback process where employees evaluate their supervisors or managers, aimed at improving managerial effectiveness.

Management by Objectives (MBO)

A management model that aims to improve the performance of an organization by clearly defining objectives that are agreed upon both by management and employees.

Satisfaction Forms

Documents or surveys used to gauge the satisfaction levels of employees, customers, or clients with services, products, or employment conditions.