In England, the Coal industry was taken over in 1947 by the government when over 800 coalmines were taken under public ownership and a National Coal Board (NCB) was established to manage the industry on commercial lines. The NCB became the British Coal Corporation in 1987. This is an example of which concept below?
a. Sovereignization
b. Nationalization
c. Internationalization
d. Globalization
b. Nationalization
You might also like to view...
Porter's competitive strategies of cost-leadership and differentiation focus on ____ markets, while the cost-focus and focused-differentiation strategies focus on ____ markets.
A. narrow; wide B. specific; broad C. growth; specific D. diverse; narrow E. wide; narrow
Which of the following dimensions is an example of an organizational dimension on the diversity wheel?
A. income B. volunteer experience C. educational background D. union affiliation E. physical abilities
Which of the following actions should a global marketer consider to counter the country stereotyping problem in global markets?
A) export products without any modifications B) restrict production to home country C) develop an international image D) sell products at below-market prices
According to Argyris and Schon’s (1978) three-level model of organizational learning, which is best described as “questioning the suitability of norms, practices, policies, and procedures that define performance standards”?
a. single-loop learning b. double-loop learning c. triple-loop learning d. quadruple-loop learning