Match the actions of these firms with their sources of potential value.

(a) Tata Motors (India) acquires Jaguar (United Kingdom).

(b) Microsoft (United States) opens four research and development centers in Europe.

(c) Disney opens Disney–Hong Kong.

(d) Merck forms a research and development alliance with an Indian pharmaceutical firm.

(e) Lenovo purchases IBM’s laptop computer business.

(f) Honda Motor Company opens an automobile manufacturing plant in southern China. Most of the cars it produces are sold in China.

(g) Honda starts exporting cars made in its China plant to Japan.

(h) A Canadian gold mining company acquires an Australian opal mining company.

1. Managing corporate risk 2. New core competencies 3. Leveraging current core competencies in new ways 4. Gaining access to low-cost factors of production 5. New customers for current products or services