Figure 2-1 -In Figure 2-1 Above,B Represents the ________,The Highest of the ________,The

question 330

Multiple Choice

Figure 2-1

-In Figure 2-1 above,B represents the ________,the highest of the three levels of strategy in an organization.

• A)functional level
• B)board of directors
• C)corporate level
• D)CEO
• E)strategic business unit level

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Definitions:

Global Sourcing

The purchase of materials or services from around the world for local use.

Licensing/Franchising

A business method where a company (franchisor) allows others (franchisees) to operate a business using its trademark, model, and processes in exchange for a fee.

Cultural Awareness

The understanding and recognition of the differences and similarities between various cultures, including beliefs, values, practices, and social norms.

Raw Materials

The basic substances or components that are processed to manufacture goods or products.