1. Evaluate the advantages and disadvantages of beginning export operations in a foreign market. Evaluate the major differences between U.S and multinational operations that affect strategic management. What role does U.S. foreign relations impact the U.S. economy? Do businesses need foreign policies? Explain your answers.
2. Identify three contracts you have experienced or observed. Select one that is expressed in writing, one expressed orally, and one implied in fact from con duct. Classify each as to parties bound, legal effect, and extent of performance.