Question 1

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

Accepted Answer

A) True 
 B)False

Question 2

Define and give examples of three intensive strategies.

Accepted Answer

Market penetration, market development,

Question 3

Which chapter of the bankruptcy code applies to municipalities?

Accepted Answer

A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13 
A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13

Question 4

A differentiation strategy can only be achieved with a large target market.

Accepted Answer

A) True 
 B)False

Question 5

Franchising is an effective means of implementing forward integration.

Accepted Answer

A) True 
 B)False

Question 6

The frequency of cooperative arrangements between rival firms has been increasing.

Accepted Answer

A) True 
 B)False

Question 7

Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?

Accepted Answer

A)  Conglomerate diversification 
B)  Divestiture 
C)  Joint venture 
D)  Retrenchment 
E)  Integration 
A)  Conglomerate diversification 
B)  Divestiture 
C)  Joint venture 
D)  Retrenchment 
E)  Integration

Question 8

Mergers and acquisitions are created for all of the following reasons EXCEPT to

Accepted Answer

A)  gain new technology. 
B)  reduce tax obligations. 
C)  gain economies of scale. 
D)  smooth out seasonal trends in sales. 
E)  shift company profits to the United States from countries with low corporate tax rates. 
A)  gain new technology. 
B)  reduce tax obligations. 
C)  gain economies of scale. 
D)  smooth out seasonal trends in sales. 
E)  shift company profits to the United States from countries with low corporate tax rates.

Question 9

A cost leadership strategy can be especially effective when the market is composed of many price-sensitive buyers.

Accepted Answer

A) True 
 B)False

Question 10

Under which condition would a differentiation strategy be especially effective?

Accepted Answer

A)  When there are few ways to differentiate the product or service that buyers perceive as having value 
B)  When technological change is fast paced and competition revolves around rapidly evolving product features 
C)  When most buyers use the product in the same way 
D)  When many rival firms are following a similar differentiation approach 
E)  When the differentiation base is easy or inexpensive for rivals to duplicate 
A)  When there are few ways to differentiate the product or service that buyers perceive as having value 
B)  When technological change is fast paced and competition revolves around rapidly evolving product features 
C)  When most buyers use the product in the same way 
D)  When many rival firms are following a similar differentiation approach 
E)  When the differentiation base is easy or inexpensive for rivals to duplicate

Question 11

Although bankruptcy can be an effective type of retrenchment strategy, it does not allow firms to avoid major debt obligations and to void union contracts.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is noted in the text as a serious obstacle for many small business owners?

Accepted Answer

A)  A lack of business ethics 
B)  An excess of employees and managerial staff 
C)  A lack of experience in networking 
D)  A lack of strategic-management knowledge 
E)  Having too many suppliers 
A)  A lack of business ethics 
B)  An excess of employees and managerial staff 
C)  A lack of experience in networking 
D)  A lack of strategic-management knowledge 
E)  Having too many suppliers

Question 13

List and define the three types of integration strategies.

Accepted Answer

The three integrative strategies are for

Question 14

List three guidelines for when related diversification would be a particularly good strategy to pursue.

Accepted Answer

Six guidelines for when related diversif

Question 15

Chapter 9 bankruptcy applies to municipalities.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Because a combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously.

Accepted Answer

A) True 
 B)False

Question 18

Under which condition would a cost leadership strategy be especially effective?

Accepted Answer

A)  When there are many ways to achieve product differentiation that have value to buyers 
B)  When most buyers use the product in different ways 
C)  When buyers incur high costs in switching their purchases from one seller to another 
D)  When buyers are small and have little power to bargain down prices 
E)  When the products of rival sellers are essentially identical and supplies are readily available from any of several eager sellers 
A)  When there are many ways to achieve product differentiation that have value to buyers 
B)  When most buyers use the product in different ways 
C)  When buyers incur high costs in switching their purchases from one seller to another 
D)  When buyers are small and have little power to bargain down prices 
E)  When the products of rival sellers are essentially identical and supplies are readily available from any of several eager sellers

Question 19

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 20

Long-term objectives are needed at the corporate, divisional, functional, and operational levels of an organization.

Accepted Answer

A) True 
 B)False

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

Define and give examples of three intensive strategies.

Which chapter of the bankruptcy code applies to municipalities?

A differentiation strategy can only be achieved with a large target market.

Franchising is an effective means of implementing forward integration.

The frequency of cooperative arrangements between rival firms has been increasing.

Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?

Mergers and acquisitions are created for all of the following reasons EXCEPT to

A cost leadership strategy can be especially effective when the market is composed of many price-sensitive buyers.

Under which condition would a differentiation strategy be especially effective?

Although bankruptcy can be an effective type of retrenchment strategy, it does not allow firms to avoid major debt obligations and to void union contracts.

Which of the following is noted in the text as a serious obstacle for many small business owners?

List and define the three types of integration strategies.

List three guidelines for when related diversification would be a particularly good strategy to pursue.

Chapter 9 bankruptcy applies to municipalities.

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

Because a combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously.

Under which condition would a cost leadership strategy be especially effective?

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

Long-term objectives are needed at the corporate, divisional, functional, and operational levels of an organization.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Marketing Issues

Implementing Strategies: Finance and Accounting Issues

Strategy Evaluation and Governance

Business Ethics, Environmental Sustainability, and Social Responsibility

Global and International Issues

Filters

Exam 5: Strategies in Action

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

Define and give examples of three intensive strategies.

Which chapter of the bankruptcy code applies to municipalities?

A differentiation strategy can only be achieved with a large target market.

Franchising is an effective means of implementing forward integration.

The frequency of cooperative arrangements between rival firms has been increasing.

Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?

Mergers and acquisitions are created for all of the following reasons EXCEPT to

A cost leadership strategy can be especially effective when the market is composed of many price-sensitive buyers.

Under which condition would a differentiation strategy be especially effective?

Although bankruptcy can be an effective type of retrenchment strategy, it does not allow firms to avoid major debt obligations and to void union contracts.

Which of the following is noted in the text as a serious obstacle for many small business owners?

List and define the three types of integration strategies.

List three guidelines for when related diversification would be a particularly good strategy to pursue.

Chapter 9 bankruptcy applies to municipalities.

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

Because a combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously.

Under which condition would a cost leadership strategy be especially effective?

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

Long-term objectives are needed at the corporate, divisional, functional, and operational levels of an organization.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Marketing Issues

Implementing Strategies: Finance and Accounting Issues

Strategy Evaluation and Governance

Business Ethics, Environmental Sustainability, and Social Responsibility

Global and International Issues

Filters