A Global Strategy Is One in Which a Company Performs

question 54

Multiple Choice

A global strategy is one in which a company performs all of the following tasks, except it

• A)employs the same basic competitive approach in all countries where it operates.
• B)sells much of the same products everywhere.
• C)strives to build global brands.
• D)coordinates its actions worldwide with strong headquarters control that represents a think-global, act-global approach.
• E)uses local brand names to cater to a country's specific needs.

Identify and describe the main characteristics of different organizational forms such as bureaucracy, adhocracy, and professional bureaucracy.

Analyze the effects of organizational size, complexity, and life cycle on structure and design.

Distinguish between mechanistic and organic structures and their applicability in various organizational settings.

Recognize the importance of contextual variables in shaping organizational structure, including technology, environment, and strategy.

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Definitions:

Monarchy

A form of government where a single person, the monarch, rules until death or abdication, with the position often inherited.

Profits

The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Command Economy

An economic system where the government controls key sectors of the economy, determining what goods should be produced, their prices, and allocation.

Supplied Equals Demanded

A market equilibrium condition where the quantity of goods or services produced and offered by sellers matches the quantity that buyers are willing and able to purchase.