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d) Joint Venture 24) Strategy that leads to enter global business through cooperation of two or more business partners in running business operation under a separate entity a) Licensing b) Franchising c) Strategic Alliance d) Joint Venture 25) Multinational enterprises maximize their revenue through entering high growth markets strategy because a) That assures to supersede tariffs and quotas b) They must have had access to foreign governments decision makers c) They have strong competitive position d) They count on obtaining significant market share in the future 26) Multinational enterprises maximize their revenue through direct foreign investment strategy because a) That assures to supersede tariffs and quotas b) They must have had access to foreign governments decision makers c) They have strong competitive position d) They count on obtaining significant market share in the future 27) Multinational enterprises maximize their revenue through entering markets with monopolies strategy because 3) That assures to supersede tariffs and quotas b) They must have had access to foreign government decision makers c) They have strong competitive position d) They count on obtaining significant market share in the future 28) Multinational enterprises maximize their revenue through entering established markets strategy because a) That was to superede tariffs and quotas b) They must have had access to foreign povements decision makers c) They have strong competitive position d) They count on obtaining significant market share in the future 29) The most tisky strategy that Multisational Enterprises may invoke to minimize their cost of operation is *) Use economy of scale MacBook Air 229) The most risky strategy that Multinational Enterprises may invoke to minimize their cost of operation is a) Use economy of scale b) Using factors of production of lowest possible cost c) Anticipating changes in exchange rates d) Limiting output to lower levels 30) The strategy that Multinational Enterprises invoke to minimize their cost of operation through entering a market where average cost of operation decreases as its output increases is a) Use economy of scale b) Using factors of production of lowest possible cost c) Anticipating changes in exchange rates d) Limiting output to lower levels 31) The strategy that Multinational Enterprises invoke to minimize their cost of operation through finding markets with relatively inexpensive labor or energy is a) Use economy of scale b) Using factors of production of lowest possible cost c) Anticipating changes in exchange rates d) Limiting output to lower levels 32) Which of the product life cycle stage is most dramatic? a) Introduction, because the attempt to start selling the product may fuil b) Growth, because growing sales c) Maturity, because sales of the product don't grow anymore d) Decline, because it leads to product extinction 33) At the end of which of the product life cycle stage must the plan for alternative operation be ready to implement? a) Introduction, because the attempt to start selling the product may fail b) Growth, because growing sales c) Maturity, because sales of the product don't grow anymore d) Decline, because it leads to product extinction MacBook Air