1. In 1-2 pages, answer this question: What are exchange rates and how do they affect international business?
2. What are the sociocultural, political, legal, and ethical challenges to conducting business in a global marketplace? In 1-2 pages, explain and provide examples for each factor of the question.
3. There are eight common ways for a company to enter a foreign market: Exporting, turnkey projects, franchising, licensing, joint ventures, and strategic alliances. In 1-2 pages, explain and provide examples for each.