Question 1

List some guidelines for when market development would be a particularly good strategy to pursue.

Accepted Answer

when an organization

Question 2

A low- cost focus strategy offers products or services to a small range of customers at the lowest price available on the market.

Accepted Answer

A) True 
 B)False

Question 3

Damac Holding laying off employees in 2007 in order to counter the slowdown in economic activity is an example of

Accepted Answer

A) retrenchment. 
B) divestiture. 
C) forward integration. 
D) backward integration. 
E) liquidation. 
A) retrenchment. 
B) divestiture. 
C) forward integration. 
D) backward integration. 
E) liquidation.

Question 4

Objectives provide direction and allow for organizational synergy.

Accepted Answer

A) True 
 B)False

Question 5

Most companies favor related diversification strategies in order to exploit the common use of a well- known brand name.

Accepted Answer

A) True 
 B)False

Question 6

The sale of Global Investment House of Kuwait 's stakes in Salam Bank to Techtronic Industries is an example of which type of strategy?

Accepted Answer

A) Retrenchment 
B) Divestiture 
C) Liquidation 
D) Related diversification 
E) Unrelated diversification 
A) Retrenchment 
B) Divestiture 
C) Liquidation 
D) Related diversification 
E) Unrelated diversification

Question 7

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

Accepted Answer

A) True 
 B)False

Question 8

Chapter 9 bankruptcy applies to municipalities.

Accepted Answer

A) True 
 B)False

Question 9

Egypt- based Fresh Electric Co.assembles gas stoves and water heaters in Georgia,for export to Azerbaijan and Armenia.This is an example of which type of strategy?

Accepted Answer

A) Product development 
B) Market development 
C) Horizontal integration 
D) Backward integration 
E) Forward integration 
A) Product development 
B) Market development 
C) Horizontal integration 
D) Backward integration 
E) Forward integration

Question 10

List some guidelines for when forward integration would be a particularly good strategy to pursue.

Accepted Answer

when present distrib

Question 11

Which level of strategy is most likely not present in small firms?

Accepted Answer

A) Operational 
B) Divisional 
C) Functional 
D) Corporate/company 
E) All of these are present in small firms 
A) Operational 
B) Divisional 
C) Functional 
D) Corporate/company 
E) All of these are present in small firms

Question 12

Horizontal integration is seeking ownership or increased control over competitors.

Accepted Answer

A) True 
 B)False

Question 13

Forward integration strategy is especially effective when the availability of quality distributors is so limited as to offer a competitive advantage to those firms that integrate forward.

Accepted Answer

A) True 
 B)False

Question 14

There are four basic types of diversification: concentric,conglomerate,forward and backward.

Accepted Answer

A) True 
 B)False

Question 15

According to Porter,which strategy offers products or services to a small range of customers at the lowest price available on the market?

Accepted Answer

A) Best- value 
B) Differentiation 
C) Low- cost focus 
D) Low- cost 
E) Best- value focus 
A) Best- value 
B) Differentiation 
C) Low- cost focus 
D) Low- cost 
E) Best- value focus

Question 16

Market development includes introducing present products into new geographic areas.

Accepted Answer

A) True 
 B)False

Question 17

The related diversification strategy is effective when an organization has a weak management team.

Accepted Answer

A) True 
 B)False

Question 18

In a turbulent,high- velocity market,a lead- change strategy is best whenever the firm has the resources to pursue this approach.

Accepted Answer

A) True 
 B)False

Question 19

A growing trend is for franchisers to buy out their part of the business from their franchisees.

Accepted Answer

A) True 
 B)False

Question 20

India commands over 60 percent of all backoffice outsourcing.

Accepted Answer

A) True 
 B)False

List some guidelines for when market development would be a particularly good strategy to pursue.

A low- cost focus strategy offers products or services to a small range of customers at the lowest price available on the market.

Damac Holding laying off employees in 2007 in order to counter the slowdown in economic activity is an example of

Objectives provide direction and allow for organizational synergy.

Most companies favor related diversification strategies in order to exploit the common use of a well- known brand name.

The sale of Global Investment House of Kuwait 's stakes in Salam Bank to Techtronic Industries is an example of which type of strategy?

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

Chapter 9 bankruptcy applies to municipalities.

Egypt- based Fresh Electric Co.assembles gas stoves and water heaters in Georgia,for export to Azerbaijan and Armenia.This is an example of which type of strategy?

List some guidelines for when forward integration would be a particularly good strategy to pursue.

Which level of strategy is most likely not present in small firms?

Horizontal integration is seeking ownership or increased control over competitors.

Forward integration strategy is especially effective when the availability of quality distributors is so limited as to offer a competitive advantage to those firms that integrate forward.

There are four basic types of diversification: concentric,conglomerate,forward and backward.

According to Porter,which strategy offers products or services to a small range of customers at the lowest price available on the market?

Market development includes introducing present products into new geographic areas.

The related diversification strategy is effective when an organization has a weak management team.

In a turbulent,high- velocity market,a lead- change strategy is best whenever the firm has the resources to pursue this approach.

A growing trend is for franchisers to buy out their part of the business from their franchisees.

India commands over 60 percent of all backoffice outsourcing.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Competing in the Global Marketplace

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, financeaccounting, rd, and Mis Issues

Leadership and Culture

Strategy Review, eveluation, and Control

Filters

Exam 6: Strategies in Action

List some guidelines for when market development would be a particularly good strategy to pursue.

A low- cost focus strategy offers products or services to a small range of customers at the lowest price available on the market.

Damac Holding laying off employees in 2007 in order to counter the slowdown in economic activity is an example of

Objectives provide direction and allow for organizational synergy.

Most companies favor related diversification strategies in order to exploit the common use of a well- known brand name.

The sale of Global Investment House of Kuwait 's stakes in Salam Bank to Techtronic Industries is an example of which type of strategy?

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

Chapter 9 bankruptcy applies to municipalities.

Egypt- based Fresh Electric Co.assembles gas stoves and water heaters in Georgia,for export to Azerbaijan and Armenia.This is an example of which type of strategy?

List some guidelines for when forward integration would be a particularly good strategy to pursue.

Which level of strategy is most likely not present in small firms?

Horizontal integration is seeking ownership or increased control over competitors.

Forward integration strategy is especially effective when the availability of quality distributors is so limited as to offer a competitive advantage to those firms that integrate forward.

There are four basic types of diversification: concentric,conglomerate,forward and backward.

According to Porter,which strategy offers products or services to a small range of customers at the lowest price available on the market?

Market development includes introducing present products into new geographic areas.

The related diversification strategy is effective when an organization has a weak management team.

In a turbulent,high- velocity market,a lead- change strategy is best whenever the firm has the resources to pursue this approach.

A growing trend is for franchisers to buy out their part of the business from their franchisees.

India commands over 60 percent of all backoffice outsourcing.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Competing in the Global Marketplace

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, financeaccounting, rd, and Mis Issues

Leadership and Culture

Strategy Review, eveluation, and Control

Filters