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In some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by competing in domestic markets alone

The firm using a global strategy seeks to develop economies of scale as it produces the same, or virtually the same, products for distribution to customers throughout the world who are assumed to have similar needs

The fastest and easiest way for a firm to diversity its portfolio of businesses is through acquisition because:

Tacit collusion is not necessarily illegal in the United States even though it results in higher prices for consumers

In the current global landscape, firms from North America and Europe use the acquisition strategy more frequently than firms from other nations

Samuelsons entered into a joint venture with a Japanese firm to gain entry into parts of the Asian market. Excessive conflict between the two firms is getting in the way of success. If the conflict remains unmanageable, Samuelsons would probably be better off considering what option to meet its goals?

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: