1. A company is considering expanding its operations globally. Which strategic management theory should guide this decision? a) Resource-based view b) Stakeholder theory c) Institutional theory d) Transaction cost economics Answer: a) Resource-based view Rationale: The resource-based view focuses on leveraging the company's internal resources and capabilities to gain a competitive advantage, which is crucial when expanding globally. 2. During a merger, what is the primary concern from a strategic management perspective? a) Brand alignment b) Financial synergy c) Cultural integration d) Market share