true or false

20. A conglomerate diversification strategy is most often used where there are good acquisition possibilities within one's own industry and cash resources in the acquiring company is relatively constrained. 21. You have just finished reading an article in The New York Times about two of Coca Cola's acquisitionsTaylor Wines and Minute Maid. The author states that this is a classic example of concentric diversification. Is his assessment correct (true) or incorrect (false)? 22. A step-back and self-assess risk approach implies that one attack oneself before engaging in a frontal attack strategy against a competitor. 23. Co-branding websites with logos should be assumed to be a joint venture strategy in operation. 24. Divestiture is, typically, undisguised and quickly accomplished while liquidation is relatively more disguised and takes a little longer to accomplish. 25. Imposing a hiring freeze, postponing cap ex, reorganizing workflows, and dropping marginally profitable product lines in the short run and during a period of uncertainty is representative of a retrenchment strategy. 26. Typically, franchisees are required to contribute to advertising and other cost pools, but are not required to purchase core supplies from the franchisor due to anti-trust laws. 27. Friend #1 tells you that his business is in the process of offering discounts to consumers in order to get them to try his product. Friend #2 states that Friend #1's business is firmly in stage 2 of its lifecycle. Is friend #2 correct (true) or incorrect (false)? 28. You are in the early stage of doing an acquisition due diligence. The business broker asks you to name a price based upon the target company telling the broker that there is another potential, un-named suitor for it on the horizon. You should name a price