PART B: Multiple Choice Questions (4 points each; 20 points in total): 1. Taking entrepreneurial actions using strategic perspective is: A. Strategic Intrapreneurship B. Strategic entrepreneurship C. Strategic Innovation D. Strategic flexibility 2. A company which offers customized products to meet local customers' specific needs and preferences is adopting a: A. Cultural strategy B. Multi-domestic Strategy C. Global Strategy D. Trans-national strategy 3. Which of the following is NOT AN INCENTIVE to use an International Strategy? A. Opportunities to better use rapidly developing technologies B. Easier access to raw materials C. Enhanced focus on domestic markets D. Opportunities to integrate operations on a global scale 4. A greenfield venture is a: A. Model of new wholly owned subsidiary B. Model of Exporting C. Model of Licensing D. Model of Acquisitions 5. Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction? A. Issuing shares B. Reducing prices C. Development of a new product D. Take-over of a competitor