Question 1

Techniques used to monitor external environments include

Accepted Answer

A)  hiring scanning organizations. 
B)  hiring the competition's employees 
C)  government reports. 
D)  buying competitors' garbage. 
E)  all of these. 
A)  hiring scanning organizations. 
B)  hiring the competition's employees 
C)  government reports. 
D)  buying competitors' garbage. 
E)  all of these.

Question 2

Business, corporate, and global are the three levels of strategy.

Accepted Answer

A) True 
 B)False

Question 3

In the BCG matrix, the dog has ____________________ market share and ____________________ business growth rate.

Accepted Answer

The answer of In the BCG matrix, the dog has...

Question 4

Which strategy can be profitable for an organization when customers are loyal and willing to pay high prices?

Accepted Answer

A)  Focus 
B)  Globalization 
C)  Overall cost leadership 
D)  Differentiation 
E)  Liquidation 
A)  Focus 
B)  Globalization 
C)  Overall cost leadership 
D)  Differentiation 
E)  Liquidation

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Divestiture is a type of a __________ strategy.

Accepted Answer

A)  growth 
B)  global 
C)  retrenchment 
D)  stability 
E)  diversification 
A)  growth 
B)  global 
C)  retrenchment 
D)  stability 
E)  diversification

Question 7

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

Accepted Answer

A)  goal. 
B)  objective. 
C)  mission. 
D)  vision. 
E)  strategy. 
A)  goal. 
B)  objective. 
C)  mission. 
D)  vision. 
E)  strategy.

Question 8

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and geographical location.

Accepted Answer

A) True 
 B)False

Question 9

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Accepted Answer

A) True 
 B)False

Question 10

In the BCG matrix, the star has a(n) ____________________ market share in a rapidly growing industry.

Accepted Answer

The answer of In the BCG matrix, the star has...

Question 11

Which of these questions is central to a functional-level strategy?

Accepted Answer

A)  What business are we in? 
B)  How do we compete? 
C)  How do we support our chosen strategy? 
D)  What business do we buy? 
E)  Where to market our products? 
A)  What business are we in? 
B)  How do we compete? 
C)  How do we support our chosen strategy? 
D)  What business do we buy? 
E)  Where to market our products?

Question 12

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as

Accepted Answer

A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation. 
A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation.

Question 13

Reward systems, pay incentives, budgets for allocating resources, information technology systems, and organization's rules, policies, and procedures are included in ________________________________________.

Accepted Answer

informatio

Question 14

Tools 4 All, a department store, sold all of its inventories at 80 percent off and permanently closed its doors. This is referred to as liquidation.

Accepted Answer

A) True 
 B)False

Question 15

The essence of formulating strategy is choosing how the organization will be identical to its key competitors in the industry.

Accepted Answer

A) True 
 B)False

Question 16

Name and describe the three types of global strategies.

Accepted Answer

The three types of global strategies are

Question 17

Barriers to entry are related to which competitive force?

Accepted Answer

A)  Rivalry among competitors 
B)  Potential new entrants 
C)  Threat of substitute products 
D)  Bargaining power of buyers 
E)  Bargaining power of suppliers 
A)  Rivalry among competitors 
B)  Potential new entrants 
C)  Threat of substitute products 
D)  Bargaining power of buyers 
E)  Bargaining power of suppliers

Question 18

How business units and product lines fit together in a logical way is the essence of

Accepted Answer

A)  business-level strategy. 
B)  portfolio strategy. 
C)  competitive strategy. 
D)  financial strategy. 
E)  functional strategy. 
A)  business-level strategy. 
B)  portfolio strategy. 
C)  competitive strategy. 
D)  financial strategy. 
E)  functional strategy.

Question 19

As part of a liquidation strategy, Rose International would

Accepted Answer

A)  look to acquire similar organization. 
B)  attempt to grow in a controlled manner. 
C)  sell off part of its business. 
D)  develop new products. 
E)  market its products aggressively. 
A)  look to acquire similar organization. 
B)  attempt to grow in a controlled manner. 
C)  sell off part of its business. 
D)  develop new products. 
E)  market its products aggressively.

Question 20

Which of these involves the selling off of businesses that no longer seem central to the corporation?

Accepted Answer

A)  Diversification 
B)  Transnational strategy 
C)  Synergy 
D)  Divestiture 
E)  Liquidation 
A)  Diversification 
B)  Transnational strategy 
C)  Synergy 
D)  Divestiture 
E)  Liquidation

Exam 8: Strategy Formulation and Implementation

Techniques used to monitor external environments include

Business, corporate, and global are the three levels of strategy.

In the BCG matrix, the dog has ____________________ market share and ____________________ business growth rate.

Which strategy can be profitable for an organization when customers are loyal and willing to pay high prices?

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

Divestiture is a type of a __________ strategy.

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

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and geographical location.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

In the BCG matrix, the star has a(n) ____________________ market share in a rapidly growing industry.

Which of these questions is central to a functional-level strategy?

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as

Reward systems, pay incentives, budgets for allocating resources, information technology systems, and organization's rules, policies, and procedures are included in ________________________________________.

Tools 4 All, a department store, sold all of its inventories at 80 percent off and permanently closed its doors. This is referred to as liquidation.

The essence of formulating strategy is choosing how the organization will be identical to its key competitors in the industry.

Name and describe the three types of global strategies.

Barriers to entry are related to which competitive force?

How business units and product lines fit together in a logical way is the essence of

As part of a liquidation strategy, Rose International would

Which of these involves the selling off of businesses that no longer seem central to the corporation?

Managing in Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Human Resource Management

Meeting the Challenge of Diversity

Dynamics of Behavior in Organizations

Leadership

Motivation

Communication

Teamwork

Managerial and Quality Control

Information Technology and E-Business

Operations and Value Chain Management

Filters

In the BCG matrix, the dog has market share and business growth rate.