Exam 5: Business- and Functional-Level Strategy

If maintaining a low-cost position in the market is difficult, firms may seek a more differentiated position that will enable them to charge a premium price for their product.

(True/False)

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Question 21

The concept of value chain focuses mostly on inputs to a firm and where that firm ships its output.

(True/False)

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Question 22

Explain what Michael Porter called being "stuck in the middle."

(Essay)

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Question 23

A _____ occurs when a business sells a product at or near the lowest price in the firm's chosen market segment or segments.

(Multiple Choice)

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Question 24

Compare and contrast a low-cost strategy and a differentiation strategy.

(Essay)

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Question 25

What are the structural characteristics of an industry that frequently affect access to that industry?

(Short Answer)

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Question 26

With a global strategy, a business has operations in multiple countries with a different business-level strategy in each country.

(True/False)

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Question 27

Business-level strategy is always difficult to change when a firm faces a difficult competitive setting.

(True/False)

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Question 28

Individuals or firms who actually purchase the output of the industry are the buyers.

(True/False)

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Question 29

Write a note on quality management developed in part by Dr. Deming.

(Essay)

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Question 30

Functional strategies need not flow from the business-level strategy.

(True/False)

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Question 31

Which of the following refers to the pricing of goods and services within a multi-divisional organization?

(Multiple Choice)

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Question 32

In terms of balance sheet used by the IFRS, which of the following is true?

(Multiple Choice)

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Question 33

A finance strategy should not only provide financing, but should also help a firm identify those key areas that can be done more efficiently or cheaply.

(True/False)

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Question 34

What is the benefit of using a global strategy?

(Multiple Choice)

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Question 35

For an economist, products that perform a similar function but are not considered to be in the same product category are referred to as substitute products.

(True/False)

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Question 36

Typically, a firm pursuing a(n) _____ strategy will determine how much flexibility is to be allowed in a given nation.

(Multiple Choice)

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Question 37

Porter's Five Forces model is based on labor and demographic economics.

(True/False)

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Question 38

The European Union has ruled that the 7,000-plus companies listed in its member countries should use:

(Multiple Choice)

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Question 39

One part of the company is responsible for setting up the plant and equipment while another operates the plant in a:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 55

If maintaining a low-cost position in the market is difficult, firms may seek a more differentiated position that will enable them to charge a premium price for their product.

The concept of value chain focuses mostly on inputs to a firm and where that firm ships its output.

Explain what Michael Porter called being "stuck in the middle."

A _____ occurs when a business sells a product at or near the lowest price in the firm's chosen market segment or segments.

Compare and contrast a low-cost strategy and a differentiation strategy.

What are the structural characteristics of an industry that frequently affect access to that industry?

With a global strategy, a business has operations in multiple countries with a different business-level strategy in each country.

Business-level strategy is always difficult to change when a firm faces a difficult competitive setting.

Individuals or firms who actually purchase the output of the industry are the buyers.

Write a note on quality management developed in part by Dr. Deming.

Functional strategies need not flow from the business-level strategy.

Which of the following refers to the pricing of goods and services within a multi-divisional organization?

In terms of balance sheet used by the IFRS, which of the following is true?

A finance strategy should not only provide financing, but should also help a firm identify those key areas that can be done more efficiently or cheaply.

What is the benefit of using a global strategy?

For an economist, products that perform a similar function but are not considered to be in the same product category are referred to as substitute products.

Typically, a firm pursuing a(n) _____ strategy will determine how much flexibility is to be allowed in a given nation.

Porter's Five Forces model is based on labor and demographic economics.

The European Union has ruled that the 7,000-plus companies listed in its member countries should use:

One part of the company is responsible for setting up the plant and equipment while another operates the plant in a:

Introduction to International Management

Culture and International Management

The Economic, Legal, and Political Environment

Strategy Fundamentals and Corporate Strategy

International Market Entry

Motivation

Leadership

Decision Making

Influence and Negotiation

Evaluation and Control

Human Resources Management

The Structure of the International Firm

The Future of International Management

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