Describes the term management

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Reference no: EM133776382

Questions

1. Which of the following statements best describes the term "management"?

a. The potential customers of an organisation to whom the organisation wants to sell their products or services

b. The coordination of the organisation's resources according to its strategic objectives

c. A group of people that can be affected by the performance of the organisation

d. The strength of an organisation that its competitors are not able to copy

2. What is the primary motivation for organisations to pursue globalisation of markets?

a. Expanding into new markets

b. Capturing customers in different areas

c. Satisfying the needs of international clients

d. Decreasing production costs

3. What is suggested for Quadrant I organisations with excessive resources according to the Grand Strategy Matrix?

a. Backward integration

b. Liquidation

c. Market development

d. Market penetration

4. *What should external factors primarily relate to in order to be included in an external assessment?

a. Achieving the firm's mission

b. Hindering the firm's mission

c. The firm's financial performance

d. The firm's internal policies

Reference no: EM133776382

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