Learning Goal: I'm working on a international trade multi-part question and need a sample draft to help me learn.What are the two types of competitive pressures that firms competing in the global marketplace face? How do firms respond to these pressures?Describe the benefits of global expansion for firms.What is strategy? How does strategy relate to a firm’s profitability?What is the most common approach to expatriate pay? Explain this form of compensation. What is the advantage of this approach?How can a firm increase the probability of selecting a good partner?What factors can jeopardize the success of a firm’s international communications?StudyingThe Final Exam will cover Chapters 6 - 11, 13, 15, 18, and 19. Review the Key Terms (located at the end of every chapter) and locate the definitions and examples presented in the chapter. Make flashcards or create a definitions outline if that helps you! Review the Chapter Lecture Notes and any notes you may have made while you were reading the textbook chapters each week. Re-read the Chapter Summary at the end of each chapter.