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:

Firms are likely to imitate the actions of a competitor that is noted for risky, complex, and unpredictable behavior because this is a way to imitate unobservable core competencies

Bayou Belle Water sells water drawn only from a single artesian well in southern Louisiana. It has a loyal following in its region. Because Bayou Belle markets the water, just as Coca-Cola, Nestle, and PepsiCo do, Bayou Belle has high resource similarity with these international firms

Backward integration occurs when a company:

The term “stuck in the middle”:

Duolingo is a free app that includes in-app advertising. There is also an upgraded version that consumers can purchase. What type of business model does Duolingo use?