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1. Explain at least three potential faced by a business entering new markets.

2. Describe three different levels of involvement used by businesses when entering global markets and how they work.

3. Describe how each, GATT, WTO, and NAFTA, have reduced barriers to international trade.

4. Describe the three basic forms of business ownership and the advantages and disadvantages of each form.

5. Explain acquisitions and each of the three types of mergers and how they each impact business growth.

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