A watch manufacturer added a watch to its product line that was higher priced than the models it already carried. The company used a two-way stretch strategy

Which of the following is essential when a company management decides to develop a global strategy?

A) creating autonomous subsidiaries limiting the influence of the headquarters B) changing the balance of power from the headquarters to the global subsidiaries C) restricting subsidiaries from providing inputs into the strategic planning process D) shifting the control of the subsidiary operations from subsidiary to headquarters

Court decisions that are binding and must be followed are:

A) mandatory authority. B) secondary authority. C) persuasive authority. D) judicial authority.