An International Diversification Strategy Is One in Which a Firm

question 47

Multiple Choice

An international diversification strategy is one in which a firm:

• A) expands into nearby markets.
• B) expands into a potentially large number of geographic locations and markets.
• C) expands into one or a few markets.
• D) acquires a firm in a foreign country.

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Definitions:

Civil War

An internal conflict within a country between opposing factions or regions.

Anaconda Plan

A Civil War strategy proposed by Union General Winfield Scott to blockade Southern ports and take control of the Mississippi River, essentially squeezing the Confederacy economically.

Contraband Of War

Goods that by law are forbidden to be supplied to a belligerent, especially items that could be used in armed conflict.