Question 1

__________ pertains to the major functional departments within the business unit.

Accepted Answer

Functional-level strategy

Question 2

Semway, a regional bank, recently announced that it would soon begin offering financial planning services. This is an example of:

Accepted Answer

A)  related diversification. 
B)  unrelated diversification. 
C)  cross-functional diversification. 
D)  product line diversification. 
E)  vertical integration. 
A)  related diversification. 
B)  unrelated diversification. 
C)  cross-functional diversification. 
D)  product line diversification. 
E)  vertical integration. A

Question 3

When an organization is domestically focused, with only a few exports, managers have little need to pay attention to issues of either local responsiveness or global standardization.

Accepted Answer

A) True 
 B)False  True

Question 4

Which global corporate strategy is based on the assumption that a single global market exists for many consumer and industrial products?

Accepted Answer

A)  Globalization 
B)  Multidomestic 
C)  Glocalization 
D)  Export 
E)  All of these 
A)  Globalization 
B)  Multidomestic 
C)  Glocalization 
D)  Export 
E)  All of these

Question 5

According to the BCG matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Accepted Answer

A)  Question mark 
B)  Asterisk 
C)  Dog 
D)  Star 
E)  Cash cow 
A)  Question mark 
B)  Asterisk 
C)  Dog 
D)  Star 
E)  Cash cow

Question 6

Which of the following pertains to the organization as a whole and the combination of business units and product lines that makes up the corporate entity?

Accepted Answer

A)  Business-level strategy 
B)  Functional-level strategy 
C)  Corporate-level strategy 
D)  Operational-level strategy 
E)  Competitive-level strategy 
A)  Business-level strategy 
B)  Functional-level strategy 
C)  Corporate-level strategy 
D)  Operational-level strategy 
E)  Competitive-level strategy

Question 7

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as __________.

Accepted Answer

The answer of The use of managerial and organizational tools...

Question 8

A director of finance would most likely be interested in executing a functional-level strategy.

Accepted Answer

A) True 
 B)False

Question 9

The __________ involves an attempt to distinguish the firm's products or services from others in the industry.

Accepted Answer

differenti

Question 10

With a(n) __________, the organization concentrates on a specific regional market or buyer group.

Accepted Answer

The answer of With a(n) __________, the organization concentrates on...

Question 11

Portfolio strategy, the Boston Consulting Group (BCG) matrix, and diversification are three approaches to understanding __________ strategy.

Accepted Answer

A)  globalization 
B)  functional-level 
C)  corporate-level 
D)  business-level 
E)  multidomestic 
A)  globalization 
B)  functional-level 
C)  corporate-level 
D)  business-level 
E)  multidomestic

Question 12

The interaction of the Production and Sales departments working together to produce profit greater than the total of both working separately is an example of synergy.

Accepted Answer

A) True 
 B)False

Question 13

For successful execution, alignment of everyone in the organization must occur.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following statements about the Internet's effect on the competitive forces that exist in a company's environment is true?

Accepted Answer

A)  The Internet increases barriers to entry. 
B)  Overall, the Internet tends to decrease the bargaining power of suppliers. 
C)  The Internet blurs differences among competitors. 
D)  The Internet creates fewer substitution threats. 
E)  All of these 
A)  The Internet increases barriers to entry. 
B)  Overall, the Internet tends to decrease the bargaining power of suppliers. 
C)  The Internet blurs differences among competitors. 
D)  The Internet creates fewer substitution threats. 
E)  All of these

Question 15

Swift Stocks
Faced with rapidly growing business, Swift Stocks, Inc., a global brokerage company with the largest market share, recently announced that it has established an online stock investment and trading subsidiary, SS.com, where investors can trade stocks at the lowest rates in the industry. The .com subsidiary has less than one percent market share, but it faces a very high business growth rate. In the brokerage industry, the competition is fierce and all players are cutting their online commission rates.
-If Swift Stocks' traditional brokerage business were to face a declining business growth, it may need to be reclassified as a __________ on the BCG matrix.

Accepted Answer

A)  cash cow 
B)  dog 
C)  star 
D)  question mark 
E)  dead business 
A)  cash cow 
B)  dog 
C)  star 
D)  question mark 
E)  dead business

Question 16

Which of the following strategies involve an attempt to distinguish the firm's products or services from others in the industry?

Accepted Answer

A)  Cost leadership 
B)  Differentiation 
C)  Focus 
D)  Internal growth 
E)  Diversification 
A)  Cost leadership 
B)  Differentiation 
C)  Focus 
D)  Internal growth 
E)  Diversification

Question 17

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from others in the industry.

Accepted Answer

A) True 
 B)False

Question 18

The plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization's goals is called a(n) __________.

Accepted Answer

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

Question 19

Strategy formulation begins with understanding the circumstances, forces, events, and issues that require managers to assess those factors that influence the company's ability to compete. Choose one of the following types of organizations: a fast-food chain, a clothing manufacturer, a communications device manufacturer or service provider, or an automobile manufacturer. Perform a SWOT analysis on the company of your choice, using what you know about the company to list at least three strengths, three weaknesses, three opportunities, and three threats.

Accepted Answer

Information about internal strengths and

Question 20

The merger of Ticketmaster with Live Nation Entertainment, which produces and promotes concerts, is an example of:

Accepted Answer

A)  horizontal integration. 
B)  vertical integration. 
C)  unrelated diversification. 
D)  a focus strategy. 
E)  a cost leadership strategy. 
A)  horizontal integration. 
B)  vertical integration. 
C)  unrelated diversification. 
D)  a focus strategy. 
E)  a cost leadership strategy.

__________ pertains to the major functional departments within the business unit.

Semway, a regional bank, recently announced that it would soon begin offering financial planning services. This is an example of:

When an organization is domestically focused, with only a few exports, managers have little need to pay attention to issues of either local responsiveness or global standardization.

Which global corporate strategy is based on the assumption that a single global market exists for many consumer and industrial products?

According to the BCG matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Which of the following pertains to the organization as a whole and the combination of business units and product lines that makes up the corporate entity?

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as __________.

A director of finance would most likely be interested in executing a functional-level strategy.

The __________ involves an attempt to distinguish the firm's products or services from others in the industry.

With a(n) __________, the organization concentrates on a specific regional market or buyer group.

Portfolio strategy, the Boston Consulting Group (BCG) matrix, and diversification are three approaches to understanding __________ strategy.

The interaction of the Production and Sales departments working together to produce profit greater than the total of both working separately is an example of synergy.

For successful execution, alignment of everyone in the organization must occur.

Which of the following statements about the Internet's effect on the competitive forces that exist in a company's environment is true?

Which of the following strategies involve an attempt to distinguish the firm's products or services from others in the industry?

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from others in the industry.

The plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization's goals is called a(n) __________.

The merger of Ticketmaster with Live Nation Entertainment, which produces and promotes concerts, is an example of:

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Start-Ups and New Ventures

Planning and Global Setting

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Invidividual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 8: Strategy Formulation and Execution

__________ pertains to the major functional departments within the business unit.

Semway, a regional bank, recently announced that it would soon begin offering financial planning services. This is an example of:

When an organization is domestically focused, with only a few exports, managers have little need to pay attention to issues of either local responsiveness or global standardization.

Which global corporate strategy is based on the assumption that a single global market exists for many consumer and industrial products?

According to the BCG matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Which of the following pertains to the organization as a whole and the combination of business units and product lines that makes up the corporate entity?

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as __________.

A director of finance would most likely be interested in executing a functional-level strategy.

The __________ involves an attempt to distinguish the firm's products or services from others in the industry.

With a(n) __________, the organization concentrates on a specific regional market or buyer group.

Portfolio strategy, the Boston Consulting Group (BCG) matrix, and diversification are three approaches to understanding __________ strategy.

The interaction of the Production and Sales departments working together to produce profit greater than the total of both working separately is an example of synergy.

For successful execution, alignment of everyone in the organization must occur.

Which of the following statements about the Internet's effect on the competitive forces that exist in a company's environment is true?

Which of the following strategies involve an attempt to distinguish the firm's products or services from others in the industry?

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from others in the industry.

The plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization's goals is called a(n) __________.

The merger of Ticketmaster with Live Nation Entertainment, which produces and promotes concerts, is an example of:

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Start-Ups and New Ventures

Planning and Global Setting

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Invidividual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters