Escalation of commitment is best described as the ________.
A) strategy of first entering a country on a small scale
B) process of entering a country because everyone else is going there
C) expectation of a higher return in more politically risky environments
D) increased likelihood of investing in a country because of having spent considerable time and money in examining it
Question 2
A company's overall geographic strategy should be flexible enough to ________.
A) implement concentration strategies instead of diversification strategies
B) respond to new opportunities and withdraw from less profitable ones
C) import from anywhere in the world to a single production location
D) export anywhere in the world from a single production location
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