1. When a firm pursues a(n) ___________, it sells the same products or services in both domestic and foreign markets.

   		Domestic strategy
   		International strategy
   		Differentiation strategy
   		Localization strategy

1. This framework help firms recognize and address the economic, legal, ethical, and philanthropic expectations that society has of the business enterprise at a given point in time.

   		Philanthropic Responsibilities
   		Ethical Responsibilities
   		Corporate social responsibility
   		None of the above

1. Due to dense urban living conditions, hot and humid summers, and high energy costs, it is not surprising that Japanese customers want small, quiet, and energy-efficient air conditioners. What feature of Porters diamond framework does this scenario vest exemplify?

   		Factor conditions
   		Complementor availability
   		Competitive intensity
   		Demand conditions

1. __________________ is a process of closer integration and exchange between different countries and people worldwide.

   		Diversification
   		Globalization
   		Standardization
   		Modification

1. What harnesses multiple internal and external performance metrics in order to balance both financial and strategic goals ? ___________

1. What three elements identify a good strategy?

   		A diagnosis of the competitive challenge
   		A guiding policy to address the competitive challenge
   		A set of coherent actions to implement the organizations guiding policy
   		All of the above
   		None of the above