Question 1

All of the following situations are conducive to market development except:

Accepted Answer

A)  when an organization competes in a high-growth industry. 
B)  when an organization is very successful at what it does. 
C)  when new untapped or unsaturated markets exist. 
D)  when an organization has excess production capacity. 
E)  when an organization's basic industry is becoming rapidly global in scope. 
A)  when an organization competes in a high-growth industry. 
B)  when an organization is very successful at what it does. 
C)  when new untapped or unsaturated markets exist. 
D)  when an organization has excess production capacity. 
E)  when an organization's basic industry is becoming rapidly global in scope.

Question 2

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.

Question 3

Which of the following is not an example of when an organization should use an unrelated diversification strategy?

Accepted Answer

A)  When revenues derived from an organization's current products or services would increase significantly by adding the new unrelated, products. 
B)  When an organization's present channels of distribution can be used to market the new products to current customers. 
C)  When the new products have counter-cyclical sales patterns compared to an organization's present products. 
D)  When an organization competes in a highly competitive and/or a no-growth industry. 
E)  When existing markets for an organization's present products are not yet saturated. 
A)  When revenues derived from an organization's current products or services would increase significantly by adding the new unrelated, products. 
B)  When an organization's present channels of distribution can be used to market the new products to current customers. 
C)  When the new products have counter-cyclical sales patterns compared to an organization's present products. 
D)  When an organization competes in a highly competitive and/or a no-growth industry. 
E)  When existing markets for an organization's present products are not yet saturated.

Question 4

Long-term objectives represent the results expected from pursuing certain strategies.

Accepted Answer

A) True 
 B)False

Question 5

The Family Farmer Bankruptcy Act of 1986 created which type of bankruptcy?

Accepted Answer

A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13 
A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13

Question 6

Which chapter of the bankruptcy code applies to municipalities?

Accepted Answer

A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13 
A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13

Question 7

Define and give an example of three intensive strategies.

Accepted Answer

Market penetration,market development an

Question 8

Joint ventures tend to fail when managers who must collaborate daily in operating the venture are not involved in forming or shaping the venture.

Accepted Answer

A) True 
 B)False

Question 9

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 10

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

Accepted Answer

A) True 
 B)False

Question 11

Jiffy Lube International would be a good example of a firm seeking the best-value focus strategy.

Accepted Answer

A) True 
 B)False

Question 12

Franchising is an effective means of implementing forward integration.

Accepted Answer

A) True 
 B)False

Question 13

A differentiation strategy can be especially attractive when the industry has many different niches and segments,thereby allowing a focuser to pick a competitively attractive niche suited to its own resources.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

Some guidelines for when forward integra

Question 15

White knight is a term that refers to a firm that agrees to acquire another firm when the other firm is facing a hostile takeover by some company.

Accepted Answer

A) True 
 B)False

Question 16

Define and give examples of the two diversification strategies.

Accepted Answer

Related and unrelated are the two types

Question 17

When the correlation between dollar sales and dollar marketing expenditures has historically been low,market penetration is an appropriate strategy.

Accepted Answer

A) True 
 B)False

Question 18

There are annually more than 10,000 mergers in the United States that total more than

Accepted Answer

A)  $700 billion. 
B)  $825 billion. 
C)  $975 billion. 
D)  $1 trillion. 
E)  $3 trillion. 
A)  $700 billion. 
B)  $825 billion. 
C)  $975 billion. 
D)  $1 trillion. 
E)  $3 trillion.

Question 19

Bankruptcy

Accepted Answer

A)  should never be used as a strategy. 
B)  should be used only when one is legally forced to do so. 
C)  can be an effective type of retrenchment strategy. 
D)  should only be used for large firms. 
E)  should only be used for small, private firms. 
A)  should never be used as a strategy. 
B)  should be used only when one is legally forced to do so. 
C)  can be an effective type of retrenchment strategy. 
D)  should only be used for large firms. 
E)  should only be used for small, private firms.

Question 20

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

Accepted Answer

A) True 
 B)False

All of the following situations are conducive to market development except:

Financial objectives involve all of the following except:

Which of the following is not an example of when an organization should use an unrelated diversification strategy?

Long-term objectives represent the results expected from pursuing certain strategies.

The Family Farmer Bankruptcy Act of 1986 created which type of bankruptcy?

Which chapter of the bankruptcy code applies to municipalities?

Define and give an example of three intensive strategies.

Joint ventures tend to fail when managers who must collaborate daily in operating the venture are not involved in forming or shaping the venture.

Which strategy generally entails large research and development expenditures?

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

Jiffy Lube International would be a good example of a firm seeking the best-value focus strategy.

Franchising is an effective means of implementing forward integration.

A differentiation strategy can be especially attractive when the industry has many different niches and segments,thereby allowing a focuser to pick a competitively attractive niche suited to its own resources.

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

White knight is a term that refers to a firm that agrees to acquire another firm when the other firm is facing a hostile takeover by some company.

Define and give examples of the two diversification strategies.

When the correlation between dollar sales and dollar marketing expenditures has historically been low,market penetration is an appropriate strategy.

There are annually more than 10,000 mergers in the United States that total more than

Bankruptcy

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

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

All of the following situations are conducive to market development except:

Financial objectives involve all of the following except:

Which of the following is not an example of when an organization should use an unrelated diversification strategy?

Long-term objectives represent the results expected from pursuing certain strategies.

The Family Farmer Bankruptcy Act of 1986 created which type of bankruptcy?

Which chapter of the bankruptcy code applies to municipalities?

Define and give an example of three intensive strategies.

Joint ventures tend to fail when managers who must collaborate daily in operating the venture are not involved in forming or shaping the venture.

Which strategy generally entails large research and development expenditures?

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

Jiffy Lube International would be a good example of a firm seeking the best-value focus strategy.

Franchising is an effective means of implementing forward integration.

A differentiation strategy can be especially attractive when the industry has many different niches and segments,thereby allowing a focuser to pick a competitively attractive niche suited to its own resources.

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

White knight is a term that refers to a firm that agrees to acquire another firm when the other firm is facing a hostile takeover by some company.

Define and give examples of the two diversification strategies.

When the correlation between dollar sales and dollar marketing expenditures has historically been low,market penetration is an appropriate strategy.

There are annually more than 10,000 mergers in the United States that total more than

Bankruptcy

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

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