A firm trying to prevent or reduce political risks will lobby foreign governments or international trade agencies to change laws,regulations,or trade barriers that hurt its business in various countries. Which strategy is described by this statement?
A)defensive strategy
B)control strategy
C)cooperation strategy
D)protectionist strategy

Question

A firm trying to prevent or reduce political risks will lobby foreign governments or international trade agencies to change laws,regulations,or trade barriers that hurt its business in various countries. Which strategy is described by this statement?
A)defensive strategy  
B)control strategy  
C)cooperation strategy  
D)protectionist strategy

Quizplus · Accepted Answer

This statement describes a control strategy, where a firm actively engages with foreign governments or international trade agencies to influence laws, regulations, or trade barriers in a way that benefits its business, thereby attempting to control or mitigate political risks.

A Firm Trying to Prevent or Reduce Political Risks Will