The UK's exit from the EU and political upheavals in Egypt, Tunisia, Libya, and Syria illustrate uncertainties in the political/legal segment of the general environment that could affect the performance of business firms. a. True b. False

Question

Social Studies

Buffie

21 September, 14:47

The UK's exit from the EU and political upheavals in Egypt, Tunisia, Libya, and Syria illustrate uncertainties in the political/legal segment of the general environment that could affect the performance of business firms. a. True b. False

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Hana Stokes · Answer 1

True

Explanation:

Most of international business is done through contracts between countries or groups of countries. The Brexit (UK's exit from the European Union) could mean that Europe may not be able to accomplish import/export quantities of British origin products in its international contracts with other countries or regions.

Social and political instability in mid-east countries like Tunisia, Libya, and Syria (oil exporting countries) may also mean that companies cannot reach their goals; for example, oil supplying companies performance could be reduced if a counter party takes the control of these countries, new rulers shall not release oil to companies which signed contracts with previous rulers.