Diversification into new industries merits strong consideration when a single-business company encounters diminishing market opportunities and stagnating sales in its principal business.

When firms want direct control over all aspects of value chain activities in the foreign market, they should

Success in achieving a low-cost edge over rivals comes from eliminating and/or curbing “nonessential” activities and/or outmanaging rivals in performing essential activities.

The location of a company’s production, distribution, and customer service activities can significantly affect operating costs and profitability due to country-to-country differences in which of the following (select all that apply)?

A company’s ______________ strategy is its strategy for competing in two or more countries simultaneously.

In a highly centralized organization, who retains authority for most strategic and operating decisions?

Being a first mover is strategically important because

Diversification through acquisition of an existing business

Challenging a firm that is on the verge of failure is an example of a(n) 

The two major avenues for achieving low-cost leadership are both accomplished by focusing on the company’s