Local Firms with Firm Specific Assets That Are Not Transferable

question 13

Multiple Choice

Local firms with firm specific assets that are not transferable across national borders and are in industries with low pressure to globalize should sell out to a global player or become part of a global alliance. This is referred to as a(n) ________________ strategy.

• A) Extender
• B) Contender
• C) Dodger
• D) Defender

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Definitions:

Simultaneous Surge

The occurrence of two or more events or processes happening at the same time, often resulting in a significant impact.

Best Friend

A person's closest and most trusted friend, distinguished by a high degree of loyalty, intimacy, and mutual affection.

Cognitive Interpretation

The mental process of making sense of or assigning meaning to information, experiences, or sensations.

Physiological Response

The body's automatic reactions to a stimulus, including changes in heart rate, breathing, or hormone levels.