Only companies that do business in third-world countries operate in turbulent environments. ...

Only companies that do business in third-world countries operate in turbulent environments.
 
 Indicate whether the statement is true or false

Question 2

One of the basic principles of strategy development is that there must be a fit between environmental conditions and a business's strategy.
 
 Indicate whether the statement is true or false

Question 3

A vision statement guides the development of a company's strategy.
 
 Indicate whether the statement is true or false

Question 4

Strategic planning increases economic risk for a company.
 
 Indicate whether the statement is true or false

Question 5

Businesses that practice a reactive strategic approach often find that they have excess inventories that they are unable to sell in their home market.
 
 Indicate whether the statement is true or false

Question 6

Tactical planning typically takes a wide, long-range view while strategic planning is more narrowly focused and more short-term.
 
 Indicate whether the statement is true or false

Question 7

If a country's currency gains strength, what will happen to the price of products it imports and exports? How will all of this affect the personal economic well-being of the country's citizens?

Question 8

Explain the difference between skim pricing and prestige pricing and explain why these types of strategies are used.

Question 9

What are exchange controls? Why are they used and what are the consequences of using them?