International Business Quiz Ch3

International Business Quiz Ch3

4th Grade

10 Qs

quiz-placeholder

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International Business Quiz Ch3

International Business Quiz Ch3

Assessment

Quiz

Business

4th Grade

Hard

Created by

Heng Sokhon

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first stage in the strategy formulation process?

Formulate Strategy

Identify Business Environment

Identify Core Competency

Identify Company Mission And Goals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of strategy adapts products to suit local preferences?

Global Strategy

Multinational Strategy

Retrenchment Strategy

Combination Strategy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which strategy is designed to reduce the scale of a corporation's businesses?

Stability Strategy

Growth Strategy

Focus Strategy

Retrenchment Strategy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a core competency?

A special ability that is hard to match

A company's mission statement

A method of growth

A type of marketing strategy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a corporate-level strategy?

Growth

Retrenchment

Differentiation

Stability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a low-cost leadership strategy focus on?

Narrow market segment

Lowest cost structure

High-quality service

Unique product design

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of value-chain analysis?

To identify core competencies

To formulate strategies

To analyze business environments

To divide activities and create value

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