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Author Question: _____ are more responsive to the buying firm's changing needs and can economically make frequent ... (Read 56 times)

luminitza

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_____ are more responsive to the buying firm's changing needs and can economically make frequent smaller deliveries.
 a. Local suppliers
 b. International suppliers
 c. Global suppliers
 d. National suppliers
 e. There is no relationship with the location of the supplier and customer responsiveness.

Question 2

List and briefly describe the three different types of political risk.



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flexer1n1

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Answer to Question 1

a

Answer to Question 2

Political risk is defined as the risk of loss when investing in a given country caused by changes in a country's political structure or policies. Three major types of political risk can be encountered: ownership risk, which exposes property and life; operating risk, which refers to interference with the ongoing operations of a firm; and transfer risk, which is mainly encountered when attempts are made to shift funds between countries.





 

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