1. In terms of Intemational Expansion, the lhighest risk and highest investment for companies of the options listed is: b. Licensing c. Joint Venture d. Wholly Owned Subsidiary 2. In temis of International Expansion, the lowest risk and lowest investment for companies of the options listed is: a. Exporting b. Licensing c. Joint Venture d. Wholly Owned Subsidiary 3. Long = tern goals are referred to as a. Strategic b. Tactical or Operational e. Organizational d. Managerial 4. Porter's Busines5-Level strategy that involved keeping costs and prices low for a wide market was: a. Differentiation Strategy b. Focus Leadership Strategy c. Cost-Leadership Strategy d. Compatible Management Strategy 5. Porter's Business-Level strategy that involved offering unique and superior valae for a wide market was: a. Cost-1eedership Strategy b. Difierentiation Strategy c. Focus Leadership Strategy. d. Compatible Management Sunatery 6. Short-term goals are referred to as goals. A. Strategic b. Tactical or Operalional c. Orpimizational d. Manageriat. a. Teblinat. b. Coniping c. Huithen d Mertial