Global Environment

1) Explain what is meant by economic growth? (5 Marks)
a) Discuss why governments might employ a variety of measures to determine the economic development of less developed countries? (20Marks)
2) Explain what is meant by the legal environment of business?
(5 Marks)
(b)Discuss the aspects of the legal environment which a business should investigate before entering a market abroad.?(20Marks)
3) Explain what Porter meant by the “diamond of national advantage?(5 Marks)
(C) Discuss how governments might use this knowledge to their advantage?

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