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For the next five questions, select one of the following five answers, corresponding to different entry modes. Select the one that is BEST described. Use each term only once.

Which of the following is true about value chains?

Which of the following is NOT true of slow-cycle and fast-cycle markets?

Second movers usually ________.

Economies of scope refer to the benefits of offering multiple products and services (instead of only one).

Anthony (2012) describes some advantages large firms have with respect to innovation. Which of the following is NOT one of these advantages?

Which of the following does NOT explain the relationship between internationalization and innovation?

Acquisition premiums ________.

For the next four questions, select one of the following four answers, corresponding to four criteria of sustainable competitive advantage. Select the answer that is BEST described. Use each term only once.

Walker (2018) argued that firms sometimes fail to acquire the rights to the intellectual property used by the firms they acquire.