1. What have been some of the economic impacts of the war in Ukraine on theRussian economy? (Discuss at least 2 different impacts)

2. Discuss two reasons why global food shortages may occur as a result of the war in Ukraine.

3. Inflation is currently very high. Discuss how the pandemic, the war in Ukraine and potentially the war between Israel and Hamas might continue to encouragehigh inflation. Mention supply chains in your answer. What strategies do governments use to tackle this inflation?

4. Discuss how product adaptation was a key part of the strategic thinking to improve sales of Oreos in China.

5. What is the difference between a joint venture project and a merger. Discuss four key differences.