PART C: True/False Questions (4 points each; 20 points in total): 1. A person with entrepreneurial mindset values uncertainty in the marketplace and attempts to identify opportunities with the potential to lead to important innovations. TRUE / FALSE 2. Imitation is the process of creating a commercial product from an invention. TRUE / FALSE 3. Some of the disadvantages of the Multi-domestic strategy are the lack of flexibility and missing local growth opportunities. TRUE / FALSE 4. Exporting is the mode of entry when a company collaborates with another company (or companies) in order to obtain license rights to enter one or more international markets. TRUE / FALSE 5. Licensing is the most optimal solution when a firm needs to connect with a larger and more experienced partner already in the targeted market and to reduce its risk through the sharing of costs. TRUE / FALSE