1. reverse innovation means

a) developing lower-functionality, lower -cost products

b) taking apart a competitor's product to find out how it works

c) going back to the way things were done in "the good old day"

d) innovation that turns out making things worse

2. Mergers and acquisitions often fail to live-up to the business plan that justified the action. some of the reasons for this are

a) there are many people involved who will get substantial financial rewards if the M&A occurs

b)too little attention is given to the post-transaction challenge of merging the two companies that came together

c) the chief strategist who made the M&A business plan is incompetent

d) the probability of success is low

e) after the M&A, key people leave, jumping out with a golden parachute

f) culture battles destroy the combines entity

3. Your company wants to expand into a country that requires significant modification of its product to meet market needs and government regulations. luckily, price competition is not strong in that country. what kind of strategy do you create:

a) international

b) global

c) multi domestic

d) transnational

e) offshore

f) export

h) outsource