After reading the Scotiabank case, answer the following questions: 1. In this chapter (Chapter 5) you read about the different ways a company can enter foreign markets. List and describe the effectiveness of the various approaches used by Scotiabank. Be brief but specific at the same time. [2 marks] Why did Scotiabank decide to compete in international markets? Are these valid reasons? [2 marks] Describe the key obstacles (2 or 3) faced by banks when they try to do business in a foreign nation. Of those you identified, which one in your opinion is has been the primary one facing Scotiabank. Why? [3 marks] Are the risks of competing internationally for Scotiabank higher than the risks of competing domestically (i.e., in Canada)? Identify the risks and compare. Explain your rationale in this comparison. 3 marks]