Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee. You also need to put a plan in place to overcome it.
Assume that your business is visible and an important member of the community. Would the government encourage a decision to expand? How would it affect the reputation of the business?
Your assignment is to fill in the table. The following are 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, indicate with an xin the appropriate column if you are taking the perspective of an importer or exporter.
- Also make an assumption of what type of business (large, medium, or small) you will be using for each risk type by marking L, M, or S in the column.
- These factors will be used to contribute to your answer on how to overcome the risk for the industry and the business.