Question

Firms in the chemical industry, which must contend with frequently changing environmental regulations and the risk of dangerous accidents, usually have_________.a. No defined political strategy.b. A sophisticated political strategy.c. A political strategy focused on intellectual property rights.d. A political strategy focused on licensing rights.

Answer 1

Answer:

The correct answer is letter "B": A sophisticated political strategy.

Explanation:

Sophisticated political strategies allow companies to adapt to rapid changes in the political atmosphere without affecting the operations of the business. Firms conducting their activities in unstable political countries must implement this approach to their operations, otherwise, they are likely to struggle.