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The three basic benefits of international strategies are increased market size, economies of scale and learning, and location advantages

More choices and easily accessible information about the functionality of firms’ products are creating increasingly __________ customers.

By choosing a region where markets are more similar, the firm may be able to better understand those markets and cater to their needs, but also achieve economies through sharing of resources

A multi-domestic strategy assumes decentralization of decision-making

What is not a driver of competitive behavior? 

A firm that earns less than 70 percent of revenue from its dominant business and has direct connections between its businesses is engaging in __________ diversification.

The post-acquisition integration phase is less important for acquisition success than characteristics of the deal itself

Private synergies are unique to the acquired and acquiring firms and could not be developed by combining either firm’s assets with another company

Walt Disney’s focus on __________ is typical of a slow-cycle market.

The amount of diversification in a firm’s international operations that can be managed varies from company to company and is affected by managers’ abilities to deal with ambiguity and complexity