Question 1: Define the term "strategic management".
Question 2: List four phases of strategic management
Question 3: List four basic elements of strategic management.
Question 4: Define the term "strategy".
Question 5: Identify the five forces that shape competition as described by Porter.
Question 6: Explain what is meant by the term "competitive advantage".
Question 7: List three directional strategies.
Question 8: List the five stages of international development.