Question 1

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

Accepted Answer

A) True 
 B)False

Question 2

Name at least six reasons for performing mergers or acquisitions.

Accepted Answer

Reasons include: 
1)to provide improved

Question 3

Pepsi has 41 percent of the potato chip market in China.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

Six guidelines for when related diversif

Question 5

Public enterprises generally cannot diversify into unrelated businesses or merge with other firms.

Accepted Answer

A) True 
 B)False

Question 6

Differentiation guarantees competitive advantage.

Accepted Answer

A) True 
 B)False

Question 7

All of the following are cooperative arrangements except:

Accepted Answer

A)  R&D partnerships. 
B)  joint-bidding consortia. 
C)  cross-licensing agreements. 
D)  cross-manufacturing agreements. 
E)  marketing plans. 
A)  R&D partnerships. 
B)  joint-bidding consortia. 
C)  cross-licensing agreements. 
D)  cross-manufacturing agreements. 
E)  marketing plans.

Question 8

Define and give an example,where available,of three integrative strategies.

Accepted Answer

The three integrative strategies are for

Question 9

Personal bankruptcy filings in the U.S.exceeded 1 million for the first time ever in 2008.

Accepted Answer

A) True 
 B)False

Question 10

What principle is based on the belief that the true measure of a really good strategist is the ability to solve problems?

Accepted Answer

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

Question 11

Which strategy would be effective when the stockholders of a firm can minimize their losses by selling the organization's assets?

Accepted Answer

A)  Integration 
B)  Differentiation 
C)  Diversification 
D)  Cost leadership 
E)  Liquidation 
A)  Integration 
B)  Differentiation 
C)  Diversification 
D)  Cost leadership 
E)  Liquidation

Question 12

A low cost focus strategy can be especially attractive when the target market niche is small.

Accepted Answer

A) True 
 B)False

Question 13

Retrenchment and turnaround are the same strategy.

Accepted Answer

A) True 
 B)False

Question 14

The overall aim of the Balanced Scorecard is to balance financial objectives with strategic objectives.

Accepted Answer

A) True 
 B)False

Question 15

Which strategy seeks to increase market share of present products or services in present markets through greater marketing efforts?

Accepted Answer

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

Question 16

J.M.Smuckers Co.'s acquisition of Procter & Gamble's Folger's coffee business is an example of related diversification.

Accepted Answer

A) True 
 B)False

Question 17

Strategic objectives include larger market share,quicker on-time delivery than rivals,quicker design-to-market times than rivals,lower costs than rivals,and wider geographic coverage than rivals.

Accepted Answer

A) True 
 B)False

Question 18

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 19

Companies are avoiding outsourcing more and more because it is more expensive than traditional methods and it does not allow a firm to concentrate on core competencies.

Accepted Answer

A) True 
 B)False

Question 20

Which strategy should be implemented when a division is responsible for an organization's overall poor performance?

Accepted Answer

A)  Backward integration 
B)  Divestiture 
C)  Forward integration 
D)  Cost leadership 
E)  Related diversification 
A)  Backward integration 
B)  Divestiture 
C)  Forward integration 
D)  Cost leadership 
E)  Related diversification

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

Name at least six reasons for performing mergers or acquisitions.

Pepsi has 41 percent of the potato chip market in China.

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

Public enterprises generally cannot diversify into unrelated businesses or merge with other firms.

Differentiation guarantees competitive advantage.

All of the following are cooperative arrangements except:

Define and give an example,where available,of three integrative strategies.

Personal bankruptcy filings in the U.S.exceeded 1 million for the first time ever in 2008.

What principle is based on the belief that the true measure of a really good strategist is the ability to solve problems?

Which strategy would be effective when the stockholders of a firm can minimize their losses by selling the organization's assets?

A low cost focus strategy can be especially attractive when the target market niche is small.

Retrenchment and turnaround are the same strategy.

The overall aim of the Balanced Scorecard is to balance financial objectives with strategic objectives.

Which strategy seeks to increase market share of present products or services in present markets through greater marketing efforts?

J.M.Smuckers Co.'s acquisition of Procter & Gamble's Folger's coffee business is an example of related diversification.

Strategic objectives include larger market share,quicker on-time delivery than rivals,quicker design-to-market times than rivals,lower costs than rivals,and wider geographic coverage than rivals.

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

Companies are avoiding outsourcing more and more because it is more expensive than traditional methods and it does not allow a firm to concentrate on core competencies.

Which strategy should be implemented when a division is responsible for an organization's overall poor performance?

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

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

Name at least six reasons for performing mergers or acquisitions.

Pepsi has 41 percent of the potato chip market in China.

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

Public enterprises generally cannot diversify into unrelated businesses or merge with other firms.

Differentiation guarantees competitive advantage.

All of the following are cooperative arrangements except:

Define and give an example,where available,of three integrative strategies.

Personal bankruptcy filings in the U.S.exceeded 1 million for the first time ever in 2008.

What principle is based on the belief that the true measure of a really good strategist is the ability to solve problems?

Which strategy would be effective when the stockholders of a firm can minimize their losses by selling the organization's assets?

A low cost focus strategy can be especially attractive when the target market niche is small.

Retrenchment and turnaround are the same strategy.

The overall aim of the Balanced Scorecard is to balance financial objectives with strategic objectives.

Which strategy seeks to increase market share of present products or services in present markets through greater marketing efforts?

J.M.Smuckers Co.'s acquisition of Procter & Gamble's Folger's coffee business is an example of related diversification.

Strategic objectives include larger market share,quicker on-time delivery than rivals,quicker design-to-market times than rivals,lower costs than rivals,and wider geographic coverage than rivals.

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

Companies are avoiding outsourcing more and more because it is more expensive than traditional methods and it does not allow a firm to concentrate on core competencies.

Which strategy should be implemented when a division is responsible for an organization's overall poor performance?

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