When the actual results of an acquisition strategy fall short of the projected results, firms consider using restructuring strategies

Cultural elements may affect location advantages in that business transactions are easier for a firm to complete when there is a strong cultural match with the institutions with which the firm is involved while implanting its international strategy

Because there are still several industrial and consumer markets in which only domestic firms compete, many firms do not have to be able to compete internationally

Coca-Cola and PepsiCo are examples of firms that have found it unnecessary to aggressively pursue international strategies because of extensive growth opportunities available in the U.S. market

The decision of what entry mode to use is primarily based on all of the following factors EXCEPT the:

Franchising is an alternative to pursuing growth through mergers and acquisitions

Research has shown that the more different the acquired firm is in terms of competencies and resources than the acquiring firm, the more likely the acquisition is to be successful

A horizontal acquisition involves two firms in the same industry

Which of the following is NOT a characteristic of a successful acquisition?

Downsizing may be necessary because acquisitions often create a situation in which the newly formed firm has duplicate organizational functions such as sales, manufacturing, distribution, and human resources management