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Acquisitions enable firms to preempt their competitors.( )

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When tariffs are levied as a fixed charge for each unit of a good imported, they are called ad valorem tariffs.( )

Localization strategy makes sense when pressures are high for local responsiveness, but low for cost reductions.( )

Advantages that arise from using resource endowments or assets that are tied to a particular location and that a firm finds valuable to combine with its own unique assets are location advantages.( )

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