1.1 In evaluating how well a company’s present strategy is working, a manager first needs to __________. (1)
A. decide upon what exactly the strategy is
B. It needs not to look at the type of strategy used
C. not check the firms competitive scope in the industry
D. not check the size of the customer base
1.2 A political benefit of economic integration is that ___________. (1)
A. it enables participants to achieve gains from the free flow of trade
B. it enables participants to achieve gains from the free flow of investment
C. it allows countries to specialise in the production of goods and services that they can produce most efficiently
D. linking neighbouring economies creates incentives for cooperation between the neighbouring states and reduces the potential for violent conflict
1.3 The _______________ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states. (1)
A. International Development Association
B. World Bank
C. International Court of Justice
D. World Trade Organisation
1.4 Suitable options for competing in a fragmented industry could include the following. (1)
A. Constructing and operating “formula” facilities
B. Not becoming a low-cost operator
C. Not specialising by product type
D. Not specialising by customer type