Question 1

List some guidelines for when forward integration would be a particularly good strategy to pursue.

Accepted Answer

Some guidelines for when forward integra

Question 2

According to Porter, which strategy offers products or services to a niche group of customers at the lowest price available on the market?

Accepted Answer

A)  Cost Leadership - Low Cost 
B)  Cost Leadership - Best Value 
C)  Focus - Low Cost 
D)  Focus - Best Value 
E)  Differentiation 
A)  Cost Leadership - Low Cost 
B)  Cost Leadership - Best Value 
C)  Focus - Low Cost 
D)  Focus - Best Value 
E)  Differentiation

Question 3

When an acquisition or merger is not desired by both parties, it can be called a takeover or hostile takeover.

Accepted Answer

A) True 
 B)False

Question 4

Chapter 13 bankruptcy is similar to Chapter 11, but available only to large corporations.

Accepted Answer

A) True 
 B)False

Question 5

A strategy of seeking ownership or increased control of a firm's suppliers is backward integration.

Accepted Answer

A) True 
 B)False

Question 6

Which strategy generally entails large research and development expenditures?

Accepted Answer

A)  Market penetration 
B)  Retrenchment 
C)  Forward integration 
D)  Product development 
E)  Divestiture 
A)  Market penetration 
B)  Retrenchment 
C)  Forward integration 
D)  Product development 
E)  Divestiture

Question 7

While outsourcing manufacturing, tech support, and back-office work is quite common, it is still unheard of for companies to outsource product design.

Accepted Answer

A) True 
 B)False

Question 8

Market penetration, market development, and product development are intensive strategies.

Accepted Answer

A) True 
 B)False

Question 9

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

Accepted Answer

A) True 
 B)False

Question 10

The most effective differentiation bases are those that are hard or expensive for rivals to duplicate.

Accepted Answer

A) True 
 B)False

Question 11

There are four basic types of diversification: concentric, conglomerate, forward, and backward.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

When companies take over functional operations of other firms, such as human resources, information systems, payroll, accounting, or customer service, this is called

Accepted Answer

A)  marketing. 
B)  outsourcing. 
C)  licensing. 
D)  franchising. 
E)  divestiture. 
A)  marketing. 
B)  outsourcing. 
C)  licensing. 
D)  franchising. 
E)  divestiture.

Question 14

The form of bankruptcy in which all the organization's assets are sold in parts for their tangible worth is

Accepted Answer

A)  Chapter 7. 
B)  Chapter 8. 
C)  Chapter 9. 
D)  Chapter 11. 
E)  Chapter 13. 
A)  Chapter 7. 
B)  Chapter 8. 
C)  Chapter 9. 
D)  Chapter 11. 
E)  Chapter 13.

Question 15

A leveraged buyout occurs when a firm's management and other private investors use borrowed funds to buy out the firm's shareholders.

Accepted Answer

A) True 
 B)False

Question 16

Discuss Michael Porter's five generic strategies.

Accepted Answer

According to Porter,strategies allow org

Question 17

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

Six guidelines for when related diversif

Question 19

Strategists in governmental organizations operate with far more strategic autonomy than their counterparts in private firms.

Accepted Answer

A) True 
 B)False

Question 20

Financial objectives involve all of the following EXCEPT

Accepted Answer

A)  growth in revenues. 
B)  larger market share. 
C)  higher dividends. 
D)  greater return on investment. 
E)  a rising stock price. 
A)  growth in revenues. 
B)  larger market share. 
C)  higher dividends. 
D)  greater return on investment. 
E)  a rising stock price.

List some guidelines for when forward integration would be a particularly good strategy to pursue.

According to Porter, which strategy offers products or services to a niche group of customers at the lowest price available on the market?

When an acquisition or merger is not desired by both parties, it can be called a takeover or hostile takeover.

Chapter 13 bankruptcy is similar to Chapter 11, but available only to large corporations.

A strategy of seeking ownership or increased control of a firm's suppliers is backward integration.

Which strategy generally entails large research and development expenditures?

While outsourcing manufacturing, tech support, and back-office work is quite common, it is still unheard of for companies to outsource product design.

Market penetration, market development, and product development are intensive strategies.

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

The most effective differentiation bases are those that are hard or expensive for rivals to duplicate.

There are four basic types of diversification: concentric, conglomerate, forward, and backward.

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

When companies take over functional operations of other firms, such as human resources, information systems, payroll, accounting, or customer service, this is called

The form of bankruptcy in which all the organization's assets are sold in parts for their tangible worth is

A leveraged buyout occurs when a firm's management and other private investors use borrowed funds to buy out the firm's shareholders.

Discuss Michael Porter's five generic strategies.

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

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

Strategists in governmental organizations operate with far more strategic autonomy than their counterparts in private firms.

Financial objectives involve all of the following EXCEPT

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 5: Strategies in Action

List some guidelines for when forward integration would be a particularly good strategy to pursue.

According to Porter, which strategy offers products or services to a niche group of customers at the lowest price available on the market?

When an acquisition or merger is not desired by both parties, it can be called a takeover or hostile takeover.

Chapter 13 bankruptcy is similar to Chapter 11, but available only to large corporations.

A strategy of seeking ownership or increased control of a firm's suppliers is backward integration.

Which strategy generally entails large research and development expenditures?

While outsourcing manufacturing, tech support, and back-office work is quite common, it is still unheard of for companies to outsource product design.

Market penetration, market development, and product development are intensive strategies.

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

The most effective differentiation bases are those that are hard or expensive for rivals to duplicate.

There are four basic types of diversification: concentric, conglomerate, forward, and backward.

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

When companies take over functional operations of other firms, such as human resources, information systems, payroll, accounting, or customer service, this is called

The form of bankruptcy in which all the organization's assets are sold in parts for their tangible worth is

A leveraged buyout occurs when a firm's management and other private investors use borrowed funds to buy out the firm's shareholders.

Discuss Michael Porter's five generic strategies.

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

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

Strategists in governmental organizations operate with far more strategic autonomy than their counterparts in private firms.

Financial objectives involve all of the following EXCEPT

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters