Firms Located in Which Quadrant of the Grand Strategy Matrix

question 39

Multiple Choice

Firms located in which quadrant of the Grand Strategy Matrix are in an excellent strategic position?

• A) I
• B) II
• C) III
• D) IV
• E) V

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Definitions:

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Market-based Economy

An economic system where prices and the distribution of goods are determined by supply and demand in a free market.

Mercantilism

An economic theory prevalent in the 16th to 18th centuries focusing on maximizing a nation's exports and minimizing imports to accumulate wealth and precious metals.

Communism

A political and economic ideology advocating for a classless society in which all property and resources are communally owned and controlled by the public or the state.