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In practice, the cost-minimization strategy can be more expensive than the opportunity-maximization strategy. Which of the following is a way in which the cost-minimization strategy is LESS expensive than the opportunity-maximization strategy?

Firms can increase their speed to market for new products by pursuing an internal product development strategy rather than an acquisition strategy

Four types of distances are associated with the liability of foreignness: cultural, administrative, geographic, and economic

If Apple Inc. decides to buy a small semiconductor manufacturer it is going to be called a merger

Downscoping makes management of the firm more effective because it allows the top management team to better understand and manage the remaining businesses

Acquisitions can take a lot of time for top level managers for all the following reasons EXCEPT:

Italy has become the leader in the shoe industry because of related and supporting industries such as a well-established leather-processing industry that provides the leather needed to construct shoes and related products

After a leveraged buyout, __________ typically occur(s).

__________ is the set of costs associated with various issues firms face when entering foreign markets, including unfamiliar operating environments; economic, administrative, and cultural differences; and the challenges of coordination over distances.

Downsizing tends to be of more long-term, or tactical, value than short-term, or strategic, value, making it an optimal restructuring option for managers with a vision for the future