Please respond to the following four questions in a minimum of 200 words each. Cite at least one source to support your answer. APA format for the submitted document and citations is required
1) Differentiate between joint venture and acquisition as a method to enter new industries. Discuss the advantages and disadvantages associated with each.
2) Consider the case of a family-run business that operates one small local retail shop and its subsequent expansion into more locations and more stores. Describe the changes that are likely to take place in that business’s organizational structure as it grows in size, geographic dispersion, and complexity. Tell why the changes are beneficial for the business.
3) Identify and discuss the general ways (strategies) in which companies can increase their profitability and profit growth through global expansion. Provide examples in your descriptions.
4) Describe the advantages and disadvantages of being a first mover or a follower in a high-tech industry. In your opinion, which strategy is preferable, and why? Support your response with examples.