PART C: True/False Questions (4 points each: 20 points in total) 1. It is important for a strategic entrepreneur to seek the adequate opportunities only in local markets, regardless of the competitive advantage and profits. (True/False) 2. Strategic alliance is international entry mode which provides minimum control but it has very high risk. (True/False) 3. International corporate-level strategy is required when the firm operates in 1 Industry but multiple countries or regions. (True/False) 4. There is no difference between License and Franchise (True/False) 5. The product champion in a company is always at a managerial level. (True False)