BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To reduce international business risk, a business should
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involve local business partners & employ local mgmnt
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carry out business in only a few countries
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offer only a small number of products
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all of the above are true
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Explanation:
Detailed explanation-1: -Employing hedging strategies and purchasing political risk insurance are two ways companies can reduce the impact of international business risks.
Detailed explanation-2: -These are risks such as non-tariff trade barriers, central bank exchange regulations, or ban on the sale of certain products in specific countries.
Detailed explanation-3: -four steps commonly taken to manage these international business risks. These are identify potential risks, evaluate risks, select a risk manage-ment method, and implement the risk management program. In the first step of the risk management process, managers list the factors that might affect a company’s operations.
There is 1 question to complete.