Question 1

Strategic partnerships are the current trend,rather than mergers and acquisitions.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific customer needs in various countries?

Accepted Answer

A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multi domestic strategy 
E)  Region design strategy 
A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multi domestic strategy 
E)  Region design strategy

Question 3

_____ refers to the modification of product design and promotional strategies to suit the specific needs of individual countries.

Accepted Answer

A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multidomestic strategy 
E)  Market design strategy 
A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multidomestic strategy 
E)  Market design strategy

Question 4

Swift Stock is following which strategy,according to Porter,through the .com subsidiary?

Accepted Answer

A)  Stability 
B)  Cost leadership 
C)  Focus 
D)  Differentiation 
E)  Retrenchment 
A)  Stability 
B)  Cost leadership 
C)  Focus 
D)  Differentiation 
E)  Retrenchment

Question 5

_____ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

Accepted Answer

The answer of _____ is a type of corporate-level strategy...

Question 6

With a(n)_____ strategy,the organization concentrates on a specific regional market or buyer group.

Accepted Answer

The answer of With a(n)_____ strategy,the organization concentrates on a...

Question 7

A corporate-level strategy is most concerned with the question of:

Accepted Answer

A)  what business are we in? 
B)  how do we compete? 
C)  how do we support our chosen strategy? 
D)  where do we market our products? 
E)  should we promote from within? 
A)  what business are we in? 
B)  how do we compete? 
C)  how do we support our chosen strategy? 
D)  where do we market our products? 
E)  should we promote from within?

Question 8

The combination of benefits received and costs paid by the customer refers to value.

Accepted Answer

A) True 
 B)False

Question 9

According to the BCG Matrix,the cash cow has a large market share in a rapidly growing industry.

Accepted Answer

A) True 
 B)False

Question 10

The plan of action that prescribes resource allocation and other interrelated activities for dealing with the environment and helping the organization attain its goals is known as a(n)_____.

Accepted Answer

A)  goal 
B)  objective 
C)  mission 
D)  vision 
E)  strategy 
A)  goal 
B)  objective 
C)  mission 
D)  vision 
E)  strategy

Question 11

Strategic thinking is more important -profit businesses than for non-profit organizations.

Accepted Answer

A) True 
 B)False

Question 12

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Accepted Answer

Strategy f

Question 13

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Accepted Answer

A) True 
 B)False

Question 14

A business activity that an organization does particularly well relative to its competition is known as a(n)_____.

Accepted Answer

The answer of A business activity that an organization does...

Question 15

Techniques used to monitor external environments include:

Accepted Answer

A)  hiring scanning organizations. 
B)  hiring the competitive intelligence professionals. 
C)  government reports. 
D)  professional journals. 
E)  all of the above. 
A)  hiring scanning organizations. 
B)  hiring the competitive intelligence professionals. 
C)  government reports. 
D)  professional journals. 
E)  all of the above.

Question 16

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

Accepted Answer

A) True 
 B)False

Question 17

List the four components of a SWOT analysis.

Accepted Answer

A SWOT includes stre

Question 18

The star product has a:

Accepted Answer

A)  large market share in a rapidly growing industry. 
B)  large market share in a slow growth industry. 
C)  small market share in a rapidly growing industry. 
D)  small share of a slow growth market. 
E)  moderate market share in a slow growth industry. 
A)  large market share in a rapidly growing industry. 
B)  large market share in a slow growth industry. 
C)  small market share in a rapidly growing industry. 
D)  small share of a slow growth market. 
E)  moderate market share in a slow growth industry.

Question 19

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

Accepted Answer

A) True 
 B)False

Question 20

The transnational strategy handles markets independently for each country.

Accepted Answer

A) True 
 B)False

Strategic partnerships are the current trend,rather than mergers and acquisitions.

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific customer needs in various countries?

_____ refers to the modification of product design and promotional strategies to suit the specific needs of individual countries.

Swift Stock is following which strategy,according to Porter,through the .com subsidiary?

_____ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

With a(n)_____ strategy,the organization concentrates on a specific regional market or buyer group.

A corporate-level strategy is most concerned with the question of:

The combination of benefits received and costs paid by the customer refers to value.

According to the BCG Matrix,the cash cow has a large market share in a rapidly growing industry.

The plan of action that prescribes resource allocation and other interrelated activities for dealing with the environment and helping the organization attain its goals is known as a(n)_____.

Strategic thinking is more important -profit businesses than for non-profit organizations.

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

A business activity that an organization does particularly well relative to its competition is known as a(n)_____.

Techniques used to monitor external environments include:

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

List the four components of a SWOT analysis.

The star product has a:

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

The transnational strategy handles markets independently for each country.

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing in a Global Environment

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Filters

Exam 8: Strategy Formulation and Execution

Strategic partnerships are the current trend,rather than mergers and acquisitions.

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific customer needs in various countries?

_____ refers to the modification of product design and promotional strategies to suit the specific needs of individual countries.

Swift Stock is following which strategy,according to Porter,through the .com subsidiary?

_____ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

With a(n)_____ strategy,the organization concentrates on a specific regional market or buyer group.

A corporate-level strategy is most concerned with the question of:

The combination of benefits received and costs paid by the customer refers to value.

According to the BCG Matrix,the cash cow has a large market share in a rapidly growing industry.

The plan of action that prescribes resource allocation and other interrelated activities for dealing with the environment and helping the organization attain its goals is known as a(n)_____.

Strategic thinking is more important -profit businesses than for non-profit organizations.

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

A business activity that an organization does particularly well relative to its competition is known as a(n)_____.

Techniques used to monitor external environments include:

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

List the four components of a SWOT analysis.

The star product has a:

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

The transnational strategy handles markets independently for each country.

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing in a Global Environment

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Filters