Summary International Management - lectures, book & theories[Level A+] Questions and Answers

The process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for attaining these goals is: A. Strategic management B. Tactical management C. Contingency management D. Functional management - -A. Strategic management -Honda and General Motors have both built plants in Thailand to take advantage of: A. Demand and low delivery costs B. Strategic pricing C. New technologies and low wages D. Tax incentives and demand - -D. Tax incentives and demand -A worldwide strategy based on cost leadership, differentiation, and segmentation is referred to as the: A. Economic imperative B. Political imperative C. Quality imperative D. Administrative coordination strategy - -A. Economic imperative