Question 1

The tool that is used in situations when programmed decision making is appropriate is a ________ plan.

Accepted Answer

A) standing 
B) scenario 
C) rolling 
D) single-use 
A) standing 
B) scenario 
C) rolling 
D) single-use

Question 2

A company that is serving only a few market segments has most likely adopted a ________ strategy.

Accepted Answer

A) focused differentiation 
B) focused low cost 
C) horizontal integration 
D) vertical integration 
A) focused differentiation 
B) focused low cost 
C) horizontal integration 
D) vertical integration

Question 3

According to Michael Porter's theory, it is possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time.

Accepted Answer

A) True 
 B)False

Question 4

The level of an organization that contains the organization's marketing department, R&D department, and human resources department is the ________ level.

Accepted Answer

A) functional 
B) first-line 
C) corporate 
D) business 
A) functional 
B) first-line 
C) corporate 
D) business

Question 5

Cheng-En has just completed a study for his company, NewElectronics, Inc., which produces wireless earbuds. This study focuses on the major threats to NewElectronics. Cheng-En has found that his company has one major rival, MagicSounds, Inc., which has developed impressive brand loyalty. Cheng-En's company uses a specific type of metal that only a few suppliers offer. However, NewElectronics's earbuds would still be affordable for many customers. Furthermore, Cheng-En does not see any products that can be used in place of New Electronics earbuds. Based on what you know about Michael Porter's five forces model, which of the following would Cheng-En claim is the greatest threat to NewElectronics?

Accepted Answer

A) the low prices of earbuds as a result of fierce competition 
B) the high price of the metal used to make the earbuds 
C) the ease with which his company could enter the earbud market 
D) customers bargaining to drive down the prices of earbuds 
A) the low prices of earbuds as a result of fierce competition 
B) the high price of the metal used to make the earbuds 
C) the ease with which his company could enter the earbud market 
D) customers bargaining to drive down the prices of earbuds

The tool that is used in situations when programmed decision making is appropriate is a ________ plan.

A company that is serving only a few market segments has most likely adopted a ________ strategy.

According to Michael Porter's theory, it is possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time.

The level of an organization that contains the organization's marketing department, R&D department, and human resources department is the ________ level.

The Management Process Today

Values, Attitudes, Emotions, and Culture: the Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Effective Communication and It Management

Operations Management: Managing Vital Operations and Processes

Filters

Exam 6: Planning, Strategy, and Competitive Advantage

The tool that is used in situations when programmed decision making is appropriate is a ________ plan.

A company that is serving only a few market segments has most likely adopted a ________ strategy.

According to Michael Porter's theory, it is possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time.

The level of an organization that contains the organization's marketing department, R&D department, and human resources department is the ________ level.

The Management Process Today

Values, Attitudes, Emotions, and Culture: the Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Effective Communication and It Management

Operations Management: Managing Vital Operations and Processes

Filters