How to overcome the risk for the industry and the business/ Managerial Economics
Question:
As an owner of a visible U.S. business that is valued in the community, you are making a final decision regarding the international aspects of a business decision, and you decide to set up a table with various risks.
The following are detailed instructions for completing the table:
Choose an industry with which you are familiar or have an interest.
For each risk type listed in the table below, indicate with an X in the appropriate column whether the risk will affect them as an importer, as an exporter, or both (In that case, put an X in both columns.).
Also, classify each risk as large (L), medium (M), or small (S)
Using these factors, provide a brief answer on how to overcome the risk for the industry and the business.
Include at least 4 professional references, and follow APA formatting.
Risk
Importer
Exporter
L/M/S
How to Overcome It
Economic conditions
Fluctuations in industry
Competition
Technological change
Change in preferences
Costs and expenses
Regulations
Expropriation
Interest rates
Government monetary policy
Government fiscal policy
Internal and external wars
Difference in culture and religion
Ownership of factories and property
Human resource restrictions
Intellectual property
Discrimination
Red tape and corruption
Blockage of funds or capital accounts
Change in government
