QUESTION 4

1. What most typically characterizes an industry in the mature stage of its lifecycle?

   	a.	Rapidly growing demand due to many first-time customers of the industry's products.
   	b.	Substitution of the industry's products by the growth of a newer industry.
   	c.	.An oligopolistic structure, flat demand, and relatively benign competition.
   	d.	Presence of numerous small firms and no large firms resulting in high rivalry.

2. According to Donaldson and Dunfee, which approach is likely to result in ethical multinational practices?

   	a.	Adopt local norms in a host country to the extent that no universal principle is violated.
   	b.	Stick to all the same choices you would make in your home country.
   	c.	Completely follow all the local norms in a host country.
   	d.	Adopt all local norms that help increase business in a host country.

1. What is not usually a desirable practice in the management of emergent strategies?

   	a.	Managers can increase their support for emergent strategy in stages.
   	b.	Managers must be willing to drop planned strategies to accommodate emergent strategies.
   	c.	Managers must encourage lower-level employees to suggest new ideas.
   	d.	Managers should only pursue emergent strategies if these support strategies planned earlier.