answer these questions based off Greece

Module 5: Managing International Financial and Business Risks Items 1-3: You have now become experts in the country of your choice and you have analyzed the social, political/legal, and economic environments in the previous modules. Now, based on what you have seen, what information that you have seen worries you about your decision to locate a new office in the new country? Anything in the economic, political, or social areas that you learned cause any concern? What keeps you up at night? Explain these in items 1-3. 1. ECONOMIC AND FINANCIAL RISKS Identify key areas of uncertainty related to level of economic development, infrastructure, and changing economic conditions in the country being considered for business operations. (A weak infrastructure or volatile currency increases the risk of doing business in a foreign market.) 2. SOCIAL AND CULTURAL RISKS Discuss customs, traditions, and social values in your proposed location that could create risks for the enterprise. (Religious beliefs or the role of family can affect uncertainty when starting and implementing an international business operation.) 3. POLITICAL AND LEGAL RISKS Analyze the uncertainty that might be created by political stability, corruption potential, and business regulations. (Required labeling, tariffs, or ownership restrictions may be encountered in various nations.) 4. RISK MANAGEMENT TECHNIQUES Compare various risk reduction strategies available when doing business in other countries. (Common risk management methods include insurance, diversification of product line, strategic alliances with local partners, and employing local managers.)