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WorksheetsInternational Business Quiz Ch3
Total questions: 10
Worksheet time: 5mins
What is the first stage in the strategy formulation process?
Formulate Strategy
Identify Business Environment
Identify Core Competency
Identify Company Mission And Goals
What type of strategy adapts products to suit local preferences?
Global Strategy
Multinational Strategy
Retrenchment Strategy
Combination Strategy
Which strategy is designed to reduce the scale of a corporation's businesses?
Stability Strategy
Growth Strategy
Focus Strategy
Retrenchment Strategy
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
Which of the following is NOT a corporate-level strategy?
Growth
Retrenchment
Differentiation
Stability
What does a low-cost leadership strategy focus on?
Narrow market segment
Lowest cost structure
High-quality service
Unique product design
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
What type of decision-making is centralized?
Decisions made by employees
Decisions made at headquarters
Decisions made at lower levels
Decisions made by customers
Which strategy is designed to mix growth, retrenchment, and stability?
Global Strategy
Combination Strategy
Multinational Strategy
Focus Strategy
What is the main goal of a stability strategy?
To expand market share
To guard against change
To increase profits
To reduce costs
