Special Exercises Brazil Is the Host of the 2016 Summer Olympics.The Following

question 83

Multiple Choice

Special Exercises
Brazil is the host of the 2016 Summer Olympics.The following statements describe current conditions in Brazil.Many companies see the event as a business opportunity.Match the statement with the type of environmental challenge for international managers it describes.
-The government launched a $300 billion plan to improve roads,power plants,and ports.

• A)Political-legal environment
• B)Economic environment
• C)Cultural environment

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Definitions:

Efficient

In economics, describing an allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.

Price Controls

Government interventions to regulate the maximum or minimum prices of certain commodities or services, aiming to prevent market imbalances.

Market Price

The existing rate at which an asset or service is available for buying or selling in a competitive environment.

Not Binding

A term used to describe agreements, conditions, or regulations that do not impose restrictions on the actions of the involved parties.