Cross-border acquisitions are primarily made to: Group of answer choices overcome barriers to entry in another country. reshape the firm's competitive scope. take advantage of higher education levels of labor in developed countries. reduce the cost of new product development.

Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.