Short answer questions. Please answer all six questions.

1. The subject of strategic management always looks only at a companys long-term well-being; short-term goals are not considered. (2 points)

True False

1. (A) What could be one reason a company may need to expand its sales overseas and thus plan to enter foreign country markets. (2 points)

(B) What could be one reason a company that has some manufacturing plants overseas may want to leave those foreign locations and focus only on domestic manufacturing. (2 points)

1. A fast-food chain company considering selling its products in a foreign market may need to make some changes in all elements of its marketing mix to adapt to the foreign market. (2 points)

True False

1. The automobile industry is highly competitive. Identify one area of strategy that an automaker can focus to innovate to remain competitive in this industry. Be specific. (2 point)

1. Give one reason why an alliance or partnership between two companies may outright fail or limp along and not perform to its desired potential. What would you do in that case? (4 points)