Risk Assessment Techniques for Market Expansion

Act as a business consultant and outline a comprehensive risk assessment strategy for evaluating market expansion opportunities. Identify key risk factors such as regulatory challenges, cultural differences, competitive landscape, and economic conditions. Include methods for quantifying these risks and suggest tools or frameworks to analyze them. Provide recommendations on how to prioritize and mitigate these risks effectively. Format your response in a structured manner with sections for each risk factor, analysis method, and mitigation strategy. Tailor your advice to a company in [industry] looking to expand into [specific market or region].