CirctBat Ltd produces high standard cricket bat in Australia and exports them to India.It also has an ongoing joint venture with an Indian firm that produces some sporting goods for a fee.CricBat is considering to establish a small subsidiary in India.

1. Dose CirctBat Ltd subject to the country risk.(2 Points)
2. Why should they need to conduct the country risk assessment? Explain.(3 Points)
3. Briefly explain the two levels of country risk assessment should be conducted by CirctBat Ltd when they are assessing a country risk(3 Points)
4. Explain howCirctBat Ltd can use the country risk assessment information in decision making.(2 Points)