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Strategic Management Exam Q’s And A’s Chapter 1- 4
STRATEGIC MANAGEMENT EXAM Q’S AND A’S CHAPTER 1- 4 
 
All of the following are characteristic of the global economy EXCEPT - answer- the increased use of tariffs to protect industries 
 
The global economy, globalization, rapid technological change, and the increasing importance of knowledge are creating the need to - answer- delegate strategic responsibilities to employees "closer to the action." 
 
When resources and capabilities serve as a source of competitive advantage for a firm,...