Choose the correct answer

19. Which of the following is true regarding regional integration?

a) If US, Canada, and Mexico decide to make a common (or single) market, this means US can't regulate the movement of goods, services, and people from member countries to their country.

b) If US, Canada, and Mexico decide to make an economic union, when US decides to go to war with China, then Mexico and Canada must also go to war with China.

c) If US, Canada, and Mexico decide to make a customs union, US can impose that Mexico and Canada must use the same currency such as the US dollar.

20) Which of the following statements is true regarding multinational strategies?

a) A home replication is applied when there is little or no need for local flexibility or global standardization

b) A transnational strategy is best adopted when a multinational corporation is willing to give full attention to foreign market adaptation, maximizing local responsiveness.

c) A localization/multi-domestic strategy is the most efficient in decreasing costs.

d) All of the Available Options

21) Economies of scale are a priority. Has an organizational structure that gives regional/country managers some weight. This strategy encourages flow of knowledge that is two-way. This resembles:

a) Transnational strategy

b) Multi-domestic/localization strategy

c) Global standardization strategy

d) Home replication strategy