Business

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sentences).  
Answer either question a or b AND either question c or d below. Number your answers, use a separate paragraph for each, but DON’T repeat the questions.
      1. Define comparative advantage and describe an example of this concept at work in global markets.
      2. What are the differences between a joint venture and a strategic alliance?
      3. What are the key advantages and disadvantages of trade protectionism and tariffs? 
      4. What is corporate social responsibility (CSR)? Discuss an instance when a company implemented a change (or changes) to demonstrate increased CSR. Was the CSR plan described generally accepted by all stakeholders?