Question: In this chapter, we reviewed the four major risks that firms face in international business: cross cultural risk, country risk, currency risk, and commercial risk.

In this chapter, we reviewed the four major risks that firms face in international business: cross cultural risk, country risk, currency risk, and commercial risk. Identify one or more countries that interest you, then visit globalEDGE™ and research the countries to uncover examples of each of the four types of risks. For example, China is characterized by various cultural differences and a national government that tends to intervene in business. Research by entering the country name into the search engine. Then, under Quick Links, visit links such as the Country Commercial Guide and Economist Country Briefing. Illustrate each risk with examples.

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One example is the Czech Republic Crosscultural risk One of the main business cultural differences between US businesspeople for example and those in ... View full answer

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