d. Are only possible because Steven e. Only A & B 17.) ABC Laundromat and XYZ Pool Hall together invest in a brand new store called A2Z, where customers can wash their clothes and play pool while waiting. This is an example of: a. Backward vertical integration b. Forward vertical integration. c. Joint Venture d. Horizontal integration e. Internal new venture 18.) In which of the following circumstances does a localization strategy make the most sense? a. Global market standardization is possible, but there are no significant economies of scale to be realized from centralizing global manufacturing. b. Global market standardization is not possible, and there are no significant economies of scale to be realized from centralizing global manufacturing. c. Global market standardization is not possible, but there are significant economies of scale to be realized from centralizing global manufacturing. d. Global market standardization is possible, and there are significant economies of scale to be realized from centralizing global manufacturing. e. Consumer tastes and preferences differ among national markets, and economies of scale are substantial. 19.) Another name for long-term cooperative relationships between two or more companies who agree to commit resources to develop new products is Horizontal integration Vertical integration Strategic alliance d. Internal new venture Acquisition 20.) 3Tech, a small technology company with a potentially disruptive technology, is thinking about expanding to Brazil to take advantage of a growing market. The company is worried about keeping its information secret. Which entry mode would be best for 3Tech to enter into Brazil? a. Licensing b. Entering into a joint venture with a foreign company to set up overseas operations c. Franchising d. Setting up a wholly owned subsidiary e. Sell the company at for a loss and regret it forever 21.) General organizational competencies are found: a. In the skills of a company's top managers b. Exclusively among technology professionals c. In feedback given to customers d. In changes occurring within the industry In attributes of the sector a. b. c. e. e