under what conditions do options investments become more appealing or less appealing

please answer the following questions

Mergers are a way in which a company can grow its economic and influential footprint. They are, however, complex. If you were advising your Board of Directors on the pros and cons of a particular merger being considered, what would be some considerations of both sides that you would provide them?
Based on what you have learned about options thus far, under what conditions do options investments become more appealing or less appealing?
 
What types of businesses are most exposed to currency fluctuations? To fluctuations in the costs of supplies? To fluctuations in the costs of their finished products?

From a business manager’s point of view, what are some of the most important differences between advanced markets and emerging markets?