Tacit collusion tends to be least used as a business-level, competition-reducing strategy in highly concentrated industries such as airlines and breakfast cereals because it results in higher prices for consumers

The lower the barriers to entry, the more likely firms will use acquisition as a means to enter a market

A cost leadership strategy targets the industry’s __________ customers.

Both the size and the nature of a country’s domestic demand for a particular industry’s good or service are important in Porter’s determinants of national advantage

South Korea’s success in international markets is primarily a result of its abundant natural resources

There are many types of business models. Which one is used by McDonald’s? 

Fundamentally, there is little to no difference between a strategic alliance and joint venture

Franchising is viewed as a corporate-level cooperative strategy

A cross-border strategic alliance can help foreign partners from an operational perspective because the local partner can share information about factors contributing to competitive success

High levels of trust allow less formal contracts to govern the relationship between alliance partners and increase the likelihood of alliance success