1) _____ refers to the strategy of approaching worldwide markets with standardized products. Select one: a. globalization b. horizontal integration c. franchising d. vertical integration

2) Repatriation of profits to home country represents which orientation of a global firm? Select one: a. Ethnocentric b. Regiocentric c. Polycentric d. Geocentric

3) Joint ventures: Select one: a. can not address complex markets and are therefore least effective in such cases b. must be overseen by an outside board of directors c. is minimally invasive and requires no disclosure of proprietary information d. speed efforts to integrate into the foreign environment with less financial commitment than acquiring a foreign subsidiary

4) Which of these is a proactive reason for going global Select one: a. Regulations b. International competition c. Lowered costs d. Trade barriers