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You work for a major oil exploration and production company; they specialize in finding and drilling for crude oil to be sold to refineries. Over the past few years fluctuations in oil prices have caused revenues to be extremely volatile, with low or negative profits during times of low oil prices. They purchased an oil refinery company that tends to perform better during times of low oil prices. What is the most likely outcome for this company after purchasing the refinery?

ALDI operates under a broad cost leadership strategy. Which of the following is NOT a disadvantage of ALDI’s cost leadership strategy?

Victoria’s Secret decided to close their stores in March due to the global pandemic and reopen in June; however, not all of their stores had the opportunity to reopen. Instead of completely filing for bankruptcy and going out of business, Victoria’s Secret decided to decrease its number of stores and lay off a fraction of their employees. This strategy can be referred to as __________.

After opening your electronics store, you want to pursue a differentiation strategy. Which of these could you do to achieve this?

What disadvantages of cost leadership would undermine the success of a business?

Save-a-lot is a Missouri-based discount supermarket chain store located in 36 states. The company is a low-cost food retailer that cuts costs by limiting product breadth and depth. Save-a-lot struggles to compete with Aldi, a fellow discount supermarket. Industry experts liken the underperformance to poor upkeep of Save-a-lot stores and Aldi’s greater brand recognition. Which of the following is a possible disadvantage of low-cost strategies that discount retailers such as Save-a-lot and Aldi must be alert to?

The United Nations Security Council has how many permanent members?

The theory of ____________________ suggests that democratic states are less likely to go to war with one another.

The UN General Assembly can authorize binding military action.

Which of the following is a core belief of realism in international relations?