Exam (elaborations)
GMS 200 EXAM QUESTIONS WITH 100% CORRECT ANSWERS
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GMS 200 EXAM QUESTIONS WITH 100% CORRECT ANSWERS
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Entrepreneurship that takes place because other employment options don't exist dueto the glass ceiling effect
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Necessity Based Entrepreneurship
The process of creating strategies to guide the allocation of resources
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Strategic Formulation
An employee who receives goods or services produced elsewhere in an organization
as inputs to their work
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Internal Customer
Makes sure strategies are well implemented and that poor strategies are scrapped or
modified
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Strategic Control
The process of purchasing materials, manufacturing components, or business services
from around the world for local use
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Global Sourcing
,Believes the best approaches are found at home and tightly control foreign
operations
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Ethnocentric Attitude
Choosing the absolute best decision among alternatives
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Optimizing Decision
All facilities,functions,and activities associated with flow and transformation of goods
and services from raw materials to customer,as well as the associated information
flows
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Supply Chain
Leadership Theory that states successful leaders must adjust their leadership styles
between delegating, participating,selling, and telling depending on the maturity
levels of followers as indicated by their readiness to perform in a given situation.
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, Situational Leadership Model
Corporate level strategy that tries to solve problems and overcome weaknesses that
affect performance
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Renewal Strategy
the process of setting objectives and determining how to accomplish them
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Planning
Theory that states that effective leadership is contingent on both the characteristics of
the leader and of the situation.
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Fielders Contingency Model
Giving favourable treatments to domestic businesses
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