Question 1 Needs Grading What are the key differences in approach between a transnational and multiedomestic strategy? Underwhat conditions is a transnational strategy preferable? Underwhat conditions is a multidomestic strategy preferable? Question 2 Needs Grading A common concept in international business is the \"liability of foreignness'i However, foreignness can also be an advantage. How? Question 3 Needs Grading Under what conditions is a large-scale initial entry preferrable over a small-scale initial entry? Question 4 Needs Grading Which factors from the six Hofstede dimensions can help to explain expatriate failure? Question 5 Needs Grading If you represent a company that manufactures essential goods such as food, would you rather sell your products in a country that has a high GDP per capita but low PPP per capita, or low GDP per capita but high PPP per capita. Why? Question 6 Needs Grading Why can bilateral trade agreements lower overall global trade