Wilberforce Press is a small book publishing firm in Iowa that has been owned by the same family since 1895. It is being purchased by Ozarka Publishing, another family-run business in Nebraska, which has been a specialty publisher for 77 years. Each company is known for its unique culture passed down from its founders. Executives and employees in both firms have “grown up” with their companies. Because both of these companies have a long, stable history in highly related industries, this acquisition has a high probability of success

In a slow-cycle market, such as that experienced in the pharmaceutical industry, a firm is most vulnerable to a counterattack when a drug’s patent expires

A major advantage of multidomestic strategies is the ability to customize products and services for the specific market, although this sacrifices economies of scale

Ties among a firm’s businesses create links between outcomes. This is a:

Which of the following is an example of a tactical action?

The three corporate-level international strategies are cost leadership, differentiation, and focus

The chief risks in the international environment are political and cultural

Netflix offers products to customers on demand. What type of business model does Netflix use?

Patent laws and regulatory requirements in the United States requiring FDA (Food and Drug Administration) approval to launch new products shield pharmaceutical companies’ positions

All of the following describe strategies EXCEPT that they: