A comprehensive set of Global Strategic Management multiple-choice questions with answers, covering key topics like global vs. international strategy, industry drivers, economies of scale, and government influence, perfect for exam preparation and study.
Answer the following questions and then press 'Submit' to get your score.
Question 1
Strategic management can be defined as:
a) a process of setting written long-term profit plans for the organization.
b) a process of measuring performance of the organization.
c) a process of operational planning.
d) a process of setting long-term direction for the organization.
Question 2
A global - as opposed to international - strategy involves:
a) a wide variety of business strategies across countries.
b) a single strategy for a subsidiary of a multinational firm.
c) a single strategy for the entire global network of subsidiaries and partners.
d) a wide variety of subsidiary strategies within the global network of subsidiaries.
Question 3
Which of the following is NOT an example of a global strategy?
a) The British subsidiary of global insurance group Aviva develops a new product for the UK market.
b) IKEA sells standardized, Swedish designed, self-assembly furniture products at low price.
c) LVMH sells luxury goods made in France.
d) Walmart withdraws from Germany in order to avoid changing its global strategy of selling low-
priced products.
Question 4
Alan Rugman said that:
a) Trade between nations is conducted at global and local levels.
b) Most multinational firms have a global strategy.
c) Most multinational firms have a local strategy.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller onan7572. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.