Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

When a company spends a large amount of money on trade promotion in order to gain or hold shelf space in retail outlets, a company is using a ________ strategy.

The most commonly used political strategies include which of the following?

According to Paul Nutt, a decision-making authority, what percent of decisions made by managers are failures?

Which one of the following is not one of the questions that management should raise in their attempt to assess the importance to the corporation of stakeholders' concerns?

A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action.

The continuous improvement system was developed by Deming.

When a company determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources, and relationships with suppliers, the company is developing its ________ strategy.

When there are highly automated assembly lines making one mass-produced product using little human labor, this setup is called

When Smith & Wesson puts its name on others' products, like men's cologne, it is using which marketing strategy?

Some executives show a self-serving tendency to attribute the firm's problems not to their own poor decisions, but to environmental events out of their control such as government policies or a poor economic climate.

Using a market development strategy, a company can capture a larger share of an existing market for current products or develop new markets for current products.

As it relates to operations, AMT stands for

When Intel opened four small-scale research facilities adjacent to universities to promote the cross-pollination of ideas, they were using which approach to R&D?

The purchasing strategy in which two suppliers are the sole suppliers of different parts, but are also the backup suppliers for each other's parts is

Avon is an example of a company that demonstrated having a diverse workforce

Outsourcing is the reverse of vertical integration.

The type of marketing strategy in which a company captures a larger share of an existing market for current products through market saturation or market penetration or develops new markets for current products is called

P&G decreed that the company would search outside their organization for new ideas. To achieve this, the company used

If there is little fit between a strategic alternative under consideration and the corporate culture, which of the following is one of management's options to consider?

The importance of sole sourcing was supported by Deming to obtain high supplier quality.