Strategic Decisions Refer to

question 20

Multiple Choice

Strategic decisions refer to

• A)those that make the organization run on a daily basis.
• B)how things get done.
• C)those setting the course of the organization.
• D)those that occur frequently enough to have an automated response to them.

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Definitions:

Unfair-Competition Argument

A contention in international trade that certain practices give companies or countries an unjust advantage, such as labor exploitation or environmental bypassing.

Comparative Advantage

An economic theory that describes how countries gain from trade by specializing in goods they can produce more efficiently than others.

American Automobile Industry

A sector of the economy focused on the manufacturing, marketing, and sale of motor vehicles in the United States.

Korean Steel Industry

The sector involving the production and manufacturing of steel within South Korea, known for its significant contribution to the global market.