Strategic Management Concepts Quiz

Brand recognition, social responsibility, and technology adoption

Market expansion, product diversification, and increased competition

Improved decision-making, enhanced organizational performance, and increased profitability (correct)

Cost reduction, employee satisfaction, and customer loyalty

By reducing the need for international partnerships

By increasing market opportunities and competition (correct)

By standardizing business practices globally

By limiting access to foreign markets

Adapting to change and fostering innovation (correct)

Avoiding risk and uncertainty

Maintaining traditional practices and resisting change

Following hierarchical structures and rigid processes

<p>Technological advancements, market shifts, and regulatory changes</p> Signup and view all the answers

<p>Environmental scanning, strategy formulation, strategy implementation, and evaluation and control</p> Signup and view all the answers