Exam 4: Managing Planning and Strategy

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

A plan that indicates how a division intends to compete against its rivals in an industry is known as a:

(Multiple Choice)
4.8/5
(45)

A is a broad declaration of an organization's overriding purpose intended to identify its products and customers and distinguish itself from other similar organizations.

(Multiple Choice)
4.8/5
(32)

Luxury car producers follow a focused differentiation strategy.

(True/False)
4.8/5
(36)

Cott Corporation pursues a focused differentiation strategy in that it focuses on large retail chains and strives to be the lowest-cost company serving that segment of the market.

(True/False)
4.7/5
(41)

The goal of GE lighting to reduce production costs by 20% over three years is a corporate-level goal.

(True/False)
4.7/5
(35)

Crisis management:

(Multiple Choice)
4.7/5
(33)

Which aspect of planning is emphasized when it is said that managers need to make every attempt to collect and utilize all available information at their disposal?

(Multiple Choice)
4.8/5
(34)

Effective plans have only two qualities: unity and continuity.

(True/False)
4.8/5
(36)

An example of adding value in the research and development department of an organization is to improve existing products.

(True/False)
4.9/5
(38)

Attaining superior quality products and services is a way of gaining a competitive advantage.

(True/False)
4.9/5
(29)

Implementation of strategy involves establishing a timetable that includes when goals are scheduled to be completed, such as a Gantt chart.

(True/False)
4.7/5
(39)

There are four building blocks in gaining a competitive advantage.

(True/False)
4.7/5
(34)

The intended duration of a plan is known as a rolling plan.

(True/False)
4.8/5
(40)

In general, corporate-level planning is the primary responsibility of top management while business-level planning is the primary responsibility of supervisors.

(True/False)
5.0/5
(28)

Which of the following is an important reason for planning?

(Multiple Choice)
4.9/5
(41)

A goal is a broad declaration of the organization and/or a statement of its dreams for the future.

(True/False)
4.8/5
(39)

In the second step of the planning process, managers analyze the organization's current strengths and weaknesses to formulate strategy.

(True/False)
4.8/5
(40)

A cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals is known as:

(Multiple Choice)
4.8/5
(35)

An SOP is a written instruction describing the exact series of actions that should be followed in a specific situation.

(True/False)
4.7/5
(39)

Plans are fixed and should never be altered.

(True/False)
4.7/5
(30)
Showing 81 - 100 of 117
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)