The term “conglomerates” refers to firms using the __________ diversification strategy.
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Location advantages are influenced by costs of production, a…
Location advantages are influenced by costs of production, access to natural resources and critical supplies, as well as the needs of customers, but not culture
The stabilization of returns through international diversifi…
The stabilization of returns through international diversification helps reduce a firm’s overall risk
Evidence suggests that acquisitions usually lead to favorabl…
Evidence suggests that acquisitions usually lead to favorable financial outcomes, especially for the acquiring firm
Which of the following is NOT a disadvantage of internationa…
Which of the following is NOT a disadvantage of international acquisitions?
A merger is a strategy through which two firms agree to inte…
A merger is a strategy through which two firms agree to integrate their operations on a relatively coequal basis
In the cost-minimization approach to managing competitive st…
In the cost-minimization approach to managing competitive strategies, the relationship between the firms is based on trust of the other partner
Michael Porter’s determinants of national advantage describe…
Michael Porter’s determinants of national advantage describe factors associated with the firm’s domestic environment that contribute to its dominance in a particular global industry
When the actual results of an acquisition strategy fall shor…
When the actual results of an acquisition strategy fall short of the projected results, firms consider using restructuring strategies
Cultural elements may affect location advantages in that bus…
Cultural elements may affect location advantages in that business transactions are easier for a firm to complete when there is a strong cultural match with the institutions with which the firm is involved while implanting its international strategy