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The greenfield venture option is useful when control of proprietary technology is important in an international expansion

Walmart initially used a focused cost leadership strategy to compete only in small communities by using sophisticated logistics systems and efficient purchasing practices to gain a competitive advantage. The response of local competitors was __________ because they __________.

Intensified rivalry within an industry results in:

The transnational strategy is becoming increasingly necessary to compete in international markets for all of the following reasons EXCEPT:

The two basic approaches to successfully manage cooperative strategic alliances involve __________ and __________.

The main difference between the related constrained level of diversification and the related linked level of diversification is:

A cross-border strategic alliance occurs when firms based in the same country combine their resources to create a competitive advantage that can be realized in international markets

When a firm initially pursues an international business-level strategy, the resources and capabilities established in the home country frequently allow the firm to pursue the strategy into markets located in other countries

An increase in the value of the U.S. dollar is an example of an economic risk in that it can reduce the value of U.S. multinational firms’ international assets and earnings in other countries

Firms are more likely to enter a market through acquisition when high product loyalty is present in the industry