Insurance protects you against potential financial losses or liability that result from unexpected events

When business travelers began to view Holiday Inn as outdated with old decor, the management team remodeled many properties and terminated contracts with proprietors that did not meet the new standards. This is an example of:

A) reinforcing the current image B) developing a new image C) rejuvenating an image D) changing an image

An early entrant find may find itself at a disadvantage if it:

A. is trying to realize location and experience curve economies. B. incurs low development costs. C. faces a subsequent change in business regulations in the host-country. D. has a core competence based on control over technological know-how. E. considers a greenfield strategy.