Political Environment in International Business: Definition, Factors & Impact

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the best explanation of the political environment in international business?

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1. How does an informal differ from a formal trade barrier?

2. Why might a business have reservations when investing in countries that have authoritarian regimes?

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About This Quiz & Worksheet

This quiz and attached worksheet will help gauge your understanding of the political environment in international business. Topics you will need to know in order to pass the quiz include informal and formal trade barriers.

Quiz & Worksheet Goals

Use these tools to assess your knowledge of the following:

  • Explanation of political environment in international business
  • Differences between formal and informal trade barriers
  • Problem with authoritarian regimes in regards to international trade
  • Major economic systems in the world today
  • Risk factors in international business

Skills practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Critical thinking - apply relevant concepts to examine information about trade barriers in a different light
  • Knowledge application - use your knowledge to identify common risk factors in the international business environment

Additional Learning

To learn more, review the lesson Political Environment in International Business: Definition, Factors & Impact, which covers the following objectives:

  • Contrast and compare political risk and sovereign risk
  • Understand the different characteristics of economies, such as socialism and communism
  • Understand trade agreements, trade barriers, tariffs and product quotas
  • Identify political instability
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