Question: please write an answer between 600 and 750 words 2. Formal institutions greatly affect and shape the strategies that are possible in specific countries and

please write an answer between 600 and 750 words

2. Formal institutions greatly affect and shape the strategies that are possible in specific countries and markets. Therefore: a) Describe, using examples, the major political institutions an international business needs to take into account in designing its strategy (6 marks) b) What is a CAGE analysis, and why is it important? (5 marks) c) What factors need a multinational consider when doing business in a country with a command economy? (5 marks) d) Why are formal institutions important for: I. developing economies? ii. international trade? lli. multinationals? (9 marks)

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