1. An apparel company is trying to decide which global strategy to implement as they expand. A low cost structure with a differentiated product specific to each of its geographic markets is important to them. They expect to also use many of their resources across a global network. Based on these preferences, which strategy should the company practice?
a. International strategy
b. Transnational strategy
c. Localization strategy
d. Globalization standardization strategy
2. Which of the following statements about a Decision Tree model is true?
1- Each node in the tree is either a decision, an uncertain event, or an end node
2- Any decision criterion can be used in solving a Decision Tree
3- Payoff amounts are not needed in building a Decision Tree
4- A decision tree begins with an event node
5- Sequential decisions cannot be represented in a Decision Tree
3. When hiring future workers, employers look for hard skills, which are those we learn, such as mastery of software applications or accountancy procedures, as well as soft skills. Soft skills are personal characteristics, strengths, and other assets a person possesses.
Studies have divided soft skills into four categories:
Thinking and problem solving
Oral and written communication
Personal qualities and work ethic
Interpersonal and teamwork