Answer any three (3) of the following questions.
Be sure to mark the number of the question you areanswering.
1. Distinguish between global and multi-domestic strategies.Under what industry conditions will each be appropriate?
2. Why is strategic control important in the strategicmanagement process?
3. What are the advantages and disadvantages of verticalintegration for a firm?
4. Why are effective reward and incentive programs important forthe modern corporation? Give reasons for your answer.
5. Describe three (3) possible ways in which a firm candiversify its operations.
6. In what ways do you think that diversification generatescompetitive advantage for a company?
7. What are the steps managers use to design a control systemfor their firm?
