When a company tries to increase its market share by purchasing or combining with a competitor, it is referred to as ______.

It is expected to assist the company in generating above-average returns by adding value.

Which of the following statement is/are True?

I. Cultural differences can cause problems even when the cultures involved are very similar and share the same language.

II. The risk of a business operation failing is referred to as economic risk.

It prioritizes responsiveness to local requirements within each of its markets over efficiency.

It aims to strike a balance between a multi domestic and a global strategy.

It refers to the possibility of government turmoil or commercial involvement harming a company's operations within a country.

It occurs when a company enters a new industry that bears no significant resemblance to the company's previous industry or industries.

It occurs when a company enters a new industry that shares significant similarities with one or more of the company's existing industries.

It entails attempting to expand a company's existing markets with existing products.

It happens when a company buys another.