Give a concise but thorough answer to the following chapter discussion questions.
Chapter 4:
a. How do global regulations influence businesses operating internationally? What are the major obstacles to global regulation?
b. Compare the costs and benefits of regulation. In your opinion, do the benefits outweigh the costs? What are the advantages and disadvantages of deregulation?
c. Name three tools that businesses can employ to influence government and public policy. Evaluate the strengths and weaknesses of each of these approaches.