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WorksheetsStrategic Management and Planning part 1
Total questions: 10
Worksheet time: 7mins
It is an activity undertaken for the purpose of producing or selling a particular commodity or service and earns a profit.
(a)
It is the surroundings or conditions in which an entity lives or operates.
(a)
It is the aggregate of all conditions, events and influences that surround and affects the business.
(a)
It is the set of managerial decisions that consists of planning, organizing, directing, and controlling the performance of the organization during the entire period of its existence.
Vision and mission
Strategic management
Managerial accounting
Which of the following is not a characteristic of strategic management that makes it different from other types or management
It is interdisciplinary
It has internal focus
It has external focus
It concerns the present direction of the organization
It is the free movement of goods, capital, services, technology, information and people arising from the conversion of world views, products and ideas through the international integration of countries.
Democratization
Communication
Globalization
It is the companies that are active in international business.
Multinational Corporations
Sole-Proprietorship
European Union
The following are the advantages of globalization, except
Employment
Cheaper Price
Conflicts
Opening the doors of international trade has given birth to intense competition which affected the local markets dramatically.
Uneven Wealth Distribution
Loss of culture
Cut-throat competition
The internet is a major contributor to globalization.
True
False
