The purchase of established firms abroad with the goal of using the existing production, marketing and distribution networks and of having instant acc markets that fit the purchasing firm's global strategy is known as a(n) __________. A. subsiddary B. multinational enterprise C. foreign D strategic alliance E of the following, which is NOT true of mergers and ? A By merging the strengths of the home company with those the host country firm, the new firm will become more competitive B. The company being acquired should be well established and have a good in the local market. C. Mergers and are relatively low-risk D Corporate cultural differences may inhibit smooth of the two organization. E An exit should be in place that enables the home company to leave the country