Exam 7: Long-Term Objectives and Strategies

Which of the following are intended to provide benchmarks for the evaluation of the company's progress in achieving its aim?

When a firm agrees to a complete distribution of its assets to creditors,most of whom will receive a small fraction of the amount that they are owed,this form of bankruptcy is called a:

Concentration encompasses increasing present customer rate of usage.This includes:

Concentric diversification may be undertaken as a grand strategy because the acquiring firm wishes to:

Occasionally,two or more capable companies lack a necessary component for success in a particular competitive environment.The optimal strategy in such a case would be:

To achieve long-term prosperity,strategic planners commonly establish objectives in which of the following?

"To achieve our vision,how will we sustain our ability to change and improve?" is part of which perspective in the Balanced Scorecard?

Flexibility is usually increased at the expense of:

Objectives should be suited to the broad aims of the organization which are expressed in the statement of the company:

Under changing conditions,concentrated growth is characterized as:

Safety programs,employee stock option plans and worker representation on management committees are all commonly directed toward achieving which type of long-term objectives?

Firms that focus on a specific product and market combination are utilizing a _______ strategy.

Market development encompasses attracting other market segments.This includes:

Grand strategies provide a comprehensive general approach to guide the organization's:

Few innovative ideas prove to be profitable because of:

Strategic choice decision making leads to the selection of long-term objectives and grand strategies.This process is:

Creating a new-product life cycle is the underlying philosophy of a grand strategy of:

Methods to develop new product features include:

If a textile producer acquires a shirt manufacturer,this is called:

Striving to create and market unique products for varied customer groups is called: