Question 1

The "How do we compete?" question concerns functional-level strategy.

Accepted Answer

A) True 
 B)False

Question 2

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Accepted Answer

A)  corporate-level strategies. 
B)  functional-level strategies. 
C)  tactical-level strategies. 
D)  business-level strategies. 
E)  retrenchment strategies. 
A)  corporate-level strategies. 
B)  functional-level strategies. 
C)  tactical-level strategies. 
D)  business-level strategies. 
E)  retrenchment strategies.

Question 3

Where does the information come from concerning environmental opportunities and threats

Accepted Answer

A)  An analysis of the organization's internal environment 
B)  A department by department study of the organization 
C)  Scanning the external environments 
D)  Employee grievances 
E)  Financial ratios of the organization 
A)  An analysis of the organization's internal environment 
B)  A department by department study of the organization 
C)  Scanning the external environments 
D)  Employee grievances 
E)  Financial ratios of the organization

Question 4

_____ refers to the modification of product design and promotional strategies to suit the specific needs of individual countries.

Accepted Answer

A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multidomestic strategy 
E)  Market design strategy 
A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multidomestic strategy 
E)  Market design strategy

Question 5

Diversification is a strategy of moving into new lines of business.

Accepted Answer

A) True 
 B)False

Question 6

List the four components of a SWOT analysis.

Accepted Answer

A SWOT includes stre

Question 7

An SBU stands for Star Business Unit.

Accepted Answer

A) True 
 B)False

Question 8

A transnational strategy combines degrees of both global standardization and national responsiveness.

Accepted Answer

A) True 
 B)False

Question 9

Front-line managers have the final responsibility for strategic planning.

Accepted Answer

A) True 
 B)False

Question 10

Corporate-level strategy pertains to the organization as a whole.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is an intangible asset that an organization derives considerable competitive advantage from relative to its industry competition?

Accepted Answer

A)  Strategy 
B)  Synergy 
C)  Cash cow 
D)  Core competence 
E)  Multi domesticity 
A)  Strategy 
B)  Synergy 
C)  Cash cow 
D)  Core competence 
E)  Multi domesticity

Question 12

A business activity that an organization does particularly well relative to its competition is known as a(n) _____.

Accepted Answer

The answer of A business activity that an organization does...

Question 13

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Accepted Answer

A) True 
 B)False

Question 14

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

Accepted Answer

The answer of The plan of action that prescribes resource...

Question 15

When an organization chooses a(n) _____ strategy, it means that business decisions such as product design are made on a country-by-country basis.

Accepted Answer

The answer of When an organization chooses a(n) _____ strategy,...

Question 16

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

Accepted Answer

A) True 
 B)False

Question 17

The dog, according to the BCG Matrix, is a poor performer.

Accepted Answer

A) True 
 B)False

Question 18

With a(n) _____ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions and uses tight cost controls to produce products more efficiently than competitors.

Accepted Answer

The answer of With a(n) _____ strategy, the organization aggressively...

Question 19

The three levels of strategy are business, corporate and global.

Accepted Answer

A) True 
 B)False

Question 20

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Accepted Answer

A) True 
 B)False

The "How do we compete?" question concerns functional-level strategy.

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Where does the information come from concerning environmental opportunities and threats

_____ refers to the modification of product design and promotional strategies to suit the specific needs of individual countries.

Diversification is a strategy of moving into new lines of business.

List the four components of a SWOT analysis.

An SBU stands for Star Business Unit.

A transnational strategy combines degrees of both global standardization and national responsiveness.

Front-line managers have the final responsibility for strategic planning.

Corporate-level strategy pertains to the organization as a whole.

Which of the following is an intangible asset that an organization derives considerable competitive advantage from relative to its industry competition?

A business activity that an organization does particularly well relative to its competition is known as a(n) _____.

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

When an organization chooses a(n) _____ strategy, it means that business decisions such as product design are made on a country-by-country basis.

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

The dog, according to the BCG Matrix, is a poor performer.

With a(n) _____ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions and uses tight cost controls to produce products more efficiently than competitors.

The three levels of strategy are business, corporate and global.

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing in a Global Environment

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 8: Strategy Formulation and Execution

The "How do we compete?" question concerns functional-level strategy.

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Where does the information come from concerning environmental opportunities and threats

_____ refers to the modification of product design and promotional strategies to suit the specific needs of individual countries.

Diversification is a strategy of moving into new lines of business.

List the four components of a SWOT analysis.

An SBU stands for Star Business Unit.

A transnational strategy combines degrees of both global standardization and national responsiveness.

Front-line managers have the final responsibility for strategic planning.

Corporate-level strategy pertains to the organization as a whole.

Which of the following is an intangible asset that an organization derives considerable competitive advantage from relative to its industry competition?

A business activity that an organization does particularly well relative to its competition is known as a(n) _____.

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

When an organization chooses a(n) _____ strategy, it means that business decisions such as product design are made on a country-by-country basis.

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

The dog, according to the BCG Matrix, is a poor performer.

With a(n) _____ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions and uses tight cost controls to produce products more efficiently than competitors.

The three levels of strategy are business, corporate and global.

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing in a Global Environment

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Managing Quality and Performance

Filters