Question 1

Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.

Accepted Answer

A)  forward integration 
B)  related diversification 
C)  backward integration 
D)  related diversification. 
E)  unrelated diversification 
A)  forward integration 
B)  related diversification 
C)  backward integration 
D)  related diversification. 
E)  unrelated diversification D

Question 2

Microsoft opening its own retail stores is an example of which type of strategy?

Accepted Answer

A)  Forward integration 
B)  Backward integration 
C)  Horizontal integration 
D)  Related diversification 
E)  Unrelated diversification 
A)  Forward integration 
B)  Backward integration 
C)  Horizontal integration 
D)  Related diversification 
E)  Unrelated diversification A

Question 3

Divestiture is the selling of all of a company's assets.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following is not a reason joint ventures fail?

Accepted Answer

A)  Managers who must collaborate daily in operating the venture are not involved in forming or shaping the venture. 
B)  The venture may not be supported equally by both partners. 
C)  The venture may benefit the partnering companies but may not benefit the customers who then complain about poorer service or criticize the companies in other ways. 
D)  Stakeholders from both partners are equally satisfied. 
E)  The venture may begin to compete more with one of the partners than the other. 
A)  Managers who must collaborate daily in operating the venture are not involved in forming or shaping the venture. 
B)  The venture may not be supported equally by both partners. 
C)  The venture may benefit the partnering companies but may not benefit the customers who then complain about poorer service or criticize the companies in other ways. 
D)  Stakeholders from both partners are equally satisfied. 
E)  The venture may begin to compete more with one of the partners than the other.

Question 5

Mergers and acquisitions are created for all of the following reasons except to:

Accepted Answer

A)  gain new technology. 
B)  reduce tax obligations. 
C)  gain economies of scale. 
D)  smooth out seasonal trends in sales. 
E)  increase the number of employees. 
A)  gain new technology. 
B)  reduce tax obligations. 
C)  gain economies of scale. 
D)  smooth out seasonal trends in sales. 
E)  increase the number of employees.

Question 6

Product development is a strategy that seeks increased sales by improving or modifying present products or services.

Accepted Answer

A) True 
 B)False

Question 7

What principle is built on the idea that there is no general plan for which way to go and what to do?

Accepted Answer

A)  Managing by crisis 
B)  Managing by extrapolation 
C)  Managing by objectives 
D)  Managing by hope 
E)  Managing by subjectives 
A)  Managing by crisis 
B)  Managing by extrapolation 
C)  Managing by objectives 
D)  Managing by hope 
E)  Managing by subjectives

Question 8

Cooperative arrangements and joint ventures between competitors are becoming increasingly popular.

Accepted Answer

A) True 
 B)False

Question 9

Web sites that sell products directly to consumers are examples of which type of strategy?

Accepted Answer

A)  Backward integration 
B)  Product development 
C)  Forward integration 
D)  Horizontal integration 
E)  Conglomerate diversification 
A)  Backward integration 
B)  Product development 
C)  Forward integration 
D)  Horizontal integration 
E)  Conglomerate diversification

Question 10

Divestiture is selling all of a company's assets,in parts,for their tangible worth.

Accepted Answer

A) True 
 B)False

Question 11

Burger King opening its first restaurant in Japan is an example of which type of strategy?

Accepted Answer

A)  Forward integration 
B)  Backward integration 
C)  Horizontal integration 
D)  Market development 
E)  Product development 
A)  Forward integration 
B)  Backward integration 
C)  Horizontal integration 
D)  Market development 
E)  Product development

Question 12

Which of the following is most likely not included in the functional level of a small company?

Accepted Answer

A)  Finance 
B)  Marketing 
C)  R&D 
D)  Department managers 
E)  Human resource managers 
A)  Finance 
B)  Marketing 
C)  R&D 
D)  Department managers 
E)  Human resource managers

Question 13

Chapter 9 bankruptcy applies to municipalities.

Accepted Answer

A) True 
 B)False

Question 14

Discuss Michael Porter's five generic strategies.

Accepted Answer

According to Porter,strategies allow org

Question 15

All sizes and types of organizations can utilize and benefit from strategic-management concepts and techniques.

Accepted Answer

A) True 
 B)False

Question 16

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 17

Which strategy should an organization use if it competes in a no-growth or a slow-growth industry?

Accepted Answer

A)  Divestiture 
B)  Related diversification 
C)  Backward integration 
D)  Unrelated diversification 
E)  Retrenchment 
A)  Divestiture 
B)  Related diversification 
C)  Backward integration 
D)  Unrelated diversification 
E)  Retrenchment

Question 18

Under which condition would a differentiation strategy be especially effective?

Accepted Answer

A)  When the target market niche is large, profitable and growing. 
B)  When technological change is fast paced and competition revolves around rapidly evolving product features. 
C)  When industry leaders do not consider the niche to be crucial to their own success. 
D)  When the industry has many different niches and segments, thereby allowing a company to pick a competitively attractive niche suited to its own resources. 
E)  When few, if any, other rivals are attempting to specialize in the same target segment. 
A)  When the target market niche is large, profitable and growing. 
B)  When technological change is fast paced and competition revolves around rapidly evolving product features. 
C)  When industry leaders do not consider the niche to be crucial to their own success. 
D)  When the industry has many different niches and segments, thereby allowing a company to pick a competitively attractive niche suited to its own resources. 
E)  When few, if any, other rivals are attempting to specialize in the same target segment.

Question 19

Research shows strategic management in small firms is more formal than in large firms,but large firms that engage in strategic management outperform those that do not.

Accepted Answer

A) True 
 B)False

Question 20

If a firm's present suppliers are expensive and unreliable in meeting the firm's needs for parts,components and/or raw materials,the firm should pursue a horizontal integration strategy.

Accepted Answer

A) True 
 B)False

Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.

Microsoft opening its own retail stores is an example of which type of strategy?

Divestiture is the selling of all of a company's assets.

Which of the following is not a reason joint ventures fail?

Mergers and acquisitions are created for all of the following reasons except to:

Product development is a strategy that seeks increased sales by improving or modifying present products or services.

What principle is built on the idea that there is no general plan for which way to go and what to do?

Cooperative arrangements and joint ventures between competitors are becoming increasingly popular.

Web sites that sell products directly to consumers are examples of which type of strategy?

Divestiture is selling all of a company's assets,in parts,for their tangible worth.

Burger King opening its first restaurant in Japan is an example of which type of strategy?

Which of the following is most likely not included in the functional level of a small company?

Chapter 9 bankruptcy applies to municipalities.

Discuss Michael Porter's five generic strategies.

All sizes and types of organizations can utilize and benefit from strategic-management concepts and techniques.

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.

Which strategy should an organization use if it competes in a no-growth or a slow-growth industry?

Under which condition would a differentiation strategy be especially effective?

Research shows strategic management in small firms is more formal than in large firms,but large firms that engage in strategic management outperform those that do not.

If a firm's present suppliers are expensive and unreliable in meeting the firm's needs for parts,components and/or raw materials,the firm should pursue a horizontal integration strategy.

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/Environmental Sustainability

Global/International Issues

Filters

Exam 5: Strategies in Action

Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.

Microsoft opening its own retail stores is an example of which type of strategy?

Divestiture is the selling of all of a company's assets.

Which of the following is not a reason joint ventures fail?

Mergers and acquisitions are created for all of the following reasons except to:

Product development is a strategy that seeks increased sales by improving or modifying present products or services.

What principle is built on the idea that there is no general plan for which way to go and what to do?

Cooperative arrangements and joint ventures between competitors are becoming increasingly popular.

Web sites that sell products directly to consumers are examples of which type of strategy?

Divestiture is selling all of a company's assets,in parts,for their tangible worth.

Burger King opening its first restaurant in Japan is an example of which type of strategy?

Which of the following is most likely not included in the functional level of a small company?

Chapter 9 bankruptcy applies to municipalities.

Discuss Michael Porter's five generic strategies.

All sizes and types of organizations can utilize and benefit from strategic-management concepts and techniques.

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.

Which strategy should an organization use if it competes in a no-growth or a slow-growth industry?

Under which condition would a differentiation strategy be especially effective?

Research shows strategic management in small firms is more formal than in large firms,but large firms that engage in strategic management outperform those that do not.

If a firm's present suppliers are expensive and unreliable in meeting the firm's needs for parts,components and/or raw materials,the firm should pursue a horizontal integration strategy.

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/Environmental Sustainability

Global/International Issues

Filters