12. _ pressure for local A localization strategy is the best response to responsiveness and pressure for cost reductions. A) B). C) D) High.....high. Low.....low High.....low Low.....high 13. Non-native employees who work and reside in a foreign country are known as: A) B) C) D) Host country nationals. Expatriates Multinationals Repatriates 14. A) Which of the following are reasons that many firms engage in exporting? Exports enable the firm to serve markets where it has sufficient production facilities. Exports can offset cyclical sales in the firm's domestic market. Exports eliminate the risk of losing the firm's technology to potential competitors. all of the above. A broad statement that defines the organization's purpose and scope is a known as A) strategic plan mission statement vision statement values statement C) D) 16. Economic integration whereby countries remove all barriers to trade among themselves, but each country determines its own barriers against nonmembers, is called a (n) A) economic union customs union common market free trade area Continued