Three sources of flexibility in completing primary and support activities are particularly useful for firms using the integrated strategy. These are:

International diversification is a strategy through which a firm expands the sale of its goods or services across the borders of global regions and countries into a potentially large number of geographic locations of markets. Instead of entering one or just a few markets, the international diversification means that the firm enters multiple markets

Tacit collusion tends to be least used as a business-level, competition-reducing strategy in highly concentrated industries such as airlines and breakfast cereals because it results in higher prices for consumers

The lower the barriers to entry, the more likely firms will use acquisition as a means to enter a market

A cost leadership strategy targets the industry’s __________ customers.

Both the size and the nature of a country’s domestic demand for a particular industry’s good or service are important in Porter’s determinants of national advantage

South Korea’s success in international markets is primarily a result of its abundant natural resources

There are many types of business models. Which one is used by McDonald’s? 

Fundamentally, there is little to no difference between a strategic alliance and joint venture

Franchising is viewed as a corporate-level cooperative strategy