Question 1

Which of the following is NOT one of Porter's competitive forces?

Accepted Answer

A)  Potential new entrants 
B)  Bargaining power of suppliers 
C)  Bargaining power of shareholders 
D)  Bargaining power of customers 
E)  Rivalry among competitors 
A)  Potential new entrants 
B)  Bargaining power of suppliers 
C)  Bargaining power of shareholders 
D)  Bargaining power of customers 
E)  Rivalry among competitors

Question 2

Where does the information come from concerning environmental opportunities and threats

Accepted Answer

A)  An analysis of the organization's internal environment 
B)  A department by department study of the organization 
C)  Scanning the external environments 
D)  Employee grievances 
E)  Financial ratios of the organization 
A)  An analysis of the organization's internal environment 
B)  A department by department study of the organization 
C)  Scanning the external environments 
D)  Employee grievances 
E)  Financial ratios of the organization

Question 3

Which marketing strategy could be profitable for an organization when customers are loyal and willing to pay higher prices?

Accepted Answer

A)  Focus 
B)  Globalization 
C)  Overall cost leadership 
D)  Customer differentiation 
E)  Liquidation 
A)  Focus 
B)  Globalization 
C)  Overall cost leadership 
D)  Customer differentiation 
E)  Liquidation

Question 4

The three levels of strategy are business,corporate and global.

Accepted Answer

A) True 
 B)False

Question 5

An SBU stands for Star Business Unit.

Accepted Answer

A) True 
 B)False

Question 6

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

Accepted Answer

A)  Strategy formulation 
B)  Strategy implementation 
C)  Strategy coordination 
D)  Strategy control 
E)  SWOT 
A)  Strategy formulation 
B)  Strategy implementation 
C)  Strategy coordination 
D)  Strategy control 
E)  SWOT

Question 8

Which of the following is an intangible asset that an organization derives considerable competitive advantage from relative to its industry competition?

Accepted Answer

A)  Strategy 
B)  Synergy 
C)  Cash cow 
D)  Core competence 
E)  Multi domesticity 
A)  Strategy 
B)  Synergy 
C)  Cash cow 
D)  Core competence 
E)  Multi domesticity

Question 9

Which of the following is NOT one of the tools and functions used for putting strategy into action

Accepted Answer

A)  Visible leadership 
B)  Diversification 
C)  Human Resources 
D)  Communication 
E)  Clear roles and accountability 
A)  Visible leadership 
B)  Diversification 
C)  Human Resources 
D)  Communication 
E)  Clear roles and accountability

Question 10

Paramount,Inc.is particularly concerned about pending legislation in Congress that would further regulate their organization.This legislation would be classified as a(n)_____.

Accepted Answer

A)  external opportunity 
B)  internal strength 
C)  external threat 
D)  external weakness 
E)  congressional chaos 
A)  external opportunity 
B)  internal strength 
C)  external threat 
D)  external weakness 
E)  congressional chaos

Question 11

Briefly discuss Porter's three competitive strategies.

Accepted Answer

Porter identified three competitive stra

Question 12

A transnational strategy combines degrees of both global standardization and national responsiveness.

Accepted Answer

A) True 
 B)False

Question 13

Vertical integration means a firm expands into businesses that either produce the supplies needed to make products or that distribute and sell those products to customers.

Accepted Answer

A) True 
 B)False

Question 14

With a multidomestic strategy,a company will achieve the globalization or standardization of marketing and production approaches.

Accepted Answer

A) True 
 B)False

Question 15

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Accepted Answer

A)  corporate-level strategies. 
B)  functional-level strategies. 
C)  tactical-level strategies. 
D)  business-level strategies. 
E)  retrenchment strategies. 
A)  corporate-level strategies. 
B)  functional-level strategies. 
C)  tactical-level strategies. 
D)  business-level strategies. 
E)  retrenchment strategies.

Question 16

Differentiation,cost leadership and focus are three of Porter's competitive strategies.

Accepted Answer

A) True 
 B)False

Question 17

Which of these is mostly true about the cash cow sector of the BCG matrix

Accepted Answer

A)  It generates tremendous profits in a rapidly growing industry. 
B)  It has a small market share in a rapidly growing industry. 
C)  It has a small market share in a slow growth industry. 
D)  It has a large market share in a slow growth industry. 
E)  It is generally a dead business that should be divested. 
A)  It generates tremendous profits in a rapidly growing industry. 
B)  It has a small market share in a rapidly growing industry. 
C)  It has a small market share in a slow growth industry. 
D)  It has a large market share in a slow growth industry. 
E)  It is generally a dead business that should be divested.

Question 18

Differentiate between strategy formulation and strategy implementation.

Accepted Answer

Strategy formulation includes the planni

Question 19

A(n)_____ strategy seeks to achieve both global integration and national responsiveness.

Accepted Answer

The answer of A(n)_____ strategy seeks to achieve both global...

Question 20

A transnational strategy seeks to achieve both global integration and national responsiveness.

Accepted Answer

A) True 
 B)False

Which of the following is NOT one of Porter's competitive forces?

Where does the information come from concerning environmental opportunities and threats

Which marketing strategy could be profitable for an organization when customers are loyal and willing to pay higher prices?

The three levels of strategy are business,corporate and global.

An SBU stands for Star Business Unit.

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

Which of the following is an intangible asset that an organization derives considerable competitive advantage from relative to its industry competition?

Which of the following is NOT one of the tools and functions used for putting strategy into action

Paramount,Inc.is particularly concerned about pending legislation in Congress that would further regulate their organization.This legislation would be classified as a(n)_____.

Briefly discuss Porter's three competitive strategies.

A transnational strategy combines degrees of both global standardization and national responsiveness.

Vertical integration means a firm expands into businesses that either produce the supplies needed to make products or that distribute and sell those products to customers.

With a multidomestic strategy,a company will achieve the globalization or standardization of marketing and production approaches.

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Differentiation,cost leadership and focus are three of Porter's competitive strategies.

Which of these is mostly true about the cash cow sector of the BCG matrix

Differentiate between strategy formulation and strategy implementation.

A(n)_____ strategy seeks to achieve both global integration and national responsiveness.

A transnational strategy seeks to achieve both global integration and national responsiveness.

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

Which of the following is NOT one of Porter's competitive forces?

Where does the information come from concerning environmental opportunities and threats

Which marketing strategy could be profitable for an organization when customers are loyal and willing to pay higher prices?

The three levels of strategy are business,corporate and global.

An SBU stands for Star Business Unit.

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

Which of the following is an intangible asset that an organization derives considerable competitive advantage from relative to its industry competition?

Which of the following is NOT one of the tools and functions used for putting strategy into action

Paramount,Inc.is particularly concerned about pending legislation in Congress that would further regulate their organization.This legislation would be classified as a(n)_____.

Briefly discuss Porter's three competitive strategies.

A transnational strategy combines degrees of both global standardization and national responsiveness.

Vertical integration means a firm expands into businesses that either produce the supplies needed to make products or that distribute and sell those products to customers.

With a multidomestic strategy,a company will achieve the globalization or standardization of marketing and production approaches.

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Differentiation,cost leadership and focus are three of Porter's competitive strategies.

Which of these is mostly true about the cash cow sector of the BCG matrix

Differentiate between strategy formulation and strategy implementation.

A(n)_____ strategy seeks to achieve both global integration and national responsiveness.

A transnational strategy seeks to achieve both global integration and national responsiveness.

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