Even if a merger may not increase shareholder value as planned, it is often a wise idea to champion it so that managers will have the greater opportunities of working at an expanding company.

Question 45 options:

	True
	False

Question 46 (6 points)

If two large movie theater chains decide to merge, the result is likely a vertical integration that creates a more favorable industry structure by increasing competition.

Question 46 options:

	True
	False

Question 47 (6 points)

When a firm is facing high pressure for local responsiveness and low pressure for cost-reductions, the firm is likely to adopt a(n) ________ strategy according to the integration-responsiveness framework.

Question 47 options:

	localization
	global standardization
	international
	transnational