All managers conducting business outside their home countries must carefully study the government structure in the target countries and analyze the salient issues arising from the political environment. a. Define political risk and explain why its analysis is of utmost importance to firms operating in a foreign market. (12 marks) b. Describe the legal aspects governing international business clearly outlining their implications across borders.(8 marks)

All managers conducting business outside their home countries must carefully study the government structure in the target countries and analyze the salient issues arising from the political environment.
a. Define political risk and explain why its analysis is of utmost importance to firms operating in a foreign market. (12 marks)
b. Describe the legal aspects governing international business clearly outlining their implications across borders.(8 marks)

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