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