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3 Questions

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Are You a Strategic Thinker?

Questions and Answers

What is the purpose of strategic planning?

To identify the implications of market changes

To develop core competencies

To organize value creation

To determine how the firm can best achieve its goals (correct)

What is a core competency?

The ultimate goal of an MNE firm

A bundle of resources and capabilities (correct)

The set of linked activities the company performs to design, make, market, distribute, and support a product

The measure of a firm's capability of selling what it makes for more than the costs incurred in making it

What is the value chain?

The stocks of available factors that managers bundle together into capabilities

The set of linked activities the company performs to design, make, market, distribute, and support a product (correct)

The measure of a firm's capability of selling what it makes for more than the costs incurred in making it

The idealization of what an MNE firm wants to be

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Description

"Strategic Thinking Quiz: Test Your Ability to Identify Business Opportunities and Threats" Challenge your strategic thinking skills with this quiz that focuses on identifying opportunities and threats in today's dynamic business landscape. From evolving customer preferences to changing market structures, this quiz will test your ability to analyze situations and make informed decisions on product development, manufacturing, sales, and competition. Sharpen your strategic mind and earn a high score in this interactive quiz.