1. This is the thing an organization does best—something that draws customers to the company, is difficult to imitate, and opens up potential markets? what is the best answer
A. competive advantage
B. core competence
C. synergy
D. strategy
2. A general term covering types of strategic decisions that determine whether or not companies will acquire new businesses, and if so, what kinds of businesses they will acquire. what is the best answer?
A. related diversification
B. unrelated diversification
C. diversification
D. vertical integration
3. This strategy is used by organizations that target a very specific market or clientele. what is the best answer?
A. differentiation strategy
B. cost leadership strategy
C. focus strategy
4. An organization that uses this strategy creates a separate approach to doing business for each of the countries in which it operates. what is the best answer?
A. transnational strategy
B. multidomestic strategy
C. globalization strategy