Lesson 5 - International strategic management

 1.International strategic management focuses exclusively on domestic markets.

• True

• False

2.A firm's competitive advantage can be achieved through cost leadership or differentiation strategies.

• True

• False

3.The PESTEL analysis framework considers Political, Economic, Social, Technological, Environmental, and Legal factors.

• True

• False

4.Joint ventures are a form of strategic alliance where two or more companies create a separate legal entity.

• True

• False

5.Global standardization is the strategy of tailoring products and marketing to local preferences.

• True

• False