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

A company that chooses a truly global corporate-level strategy assumes that the liability of foreignness will be minimal

The growing number of global competitors heightens the requirements to keep costs down and there is the desire for more specialized products to meet customer needs. These two pressures make transnational strategies increasingly necessary

Acquisitions are the most common cooperative strategy used in standard-cycle markets

Grassley-Partition Ltd. (GPL) is embarking on an international strategy. The firm wants to be able to take advantage of the economies of scale offered by global efficiency and, at the same time, be responsive to the individual markets into which it enters. GPL needs to pursue a transnational strategy

Although licensing is the least costly method to enter a foreign market, its disadvantages include high costs of transportation and low control over the marketing and distribution of goods

Revenues for United Parcel Service (UPS) come from the following business segments: 60 percent from U.S. package delivery operations, 22 percent from international package delivery, and 18 percent from non-packaging operations. Which of the following best describes the corporate-level strategy of UPS?