Exam 8: Strategy Formulation and Execution

The question mark has a __________ market share in a __________ industry.

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using a __________ strategy.

__________ pertains to the mix of strategic business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation.

Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will:

Differentiate between strategy formulation and strategy execution.

When Philip Morris, the tobacco giant, bought Kraft Foods Group, Inc., it was pursuing a __________ strategy.

General Products Inc. is a small clothing designer and manufacturer located in the United States. A vast majority of the company's revenues comes from U.S. sales, although about 10 percent of the company's revenue come from sales to Canada. General Products Inc. can best be described as using which global corporate strategy?

In order for companies to remain competitive, their strategies must focus on four things. Describe these four focuses.

A business-level strategy is concerned with which of the following questions?

Corporate-level strategy pertains to the organization as a whole and the combination of business units and product lines that makes up the corporate entity.

Briefly describe the Boston Consulting Group (BCG) matrix, including its dimensions, quadrants, and strategic recommendations.

The combination of benefits received and costs paid by the customer refers to value.

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

Which of the following strategies would be appropriate when the need for both national responsiveness and global integration is low?

The biggest factor that contributes to failed strategy execution is an inadequate budget or resources.

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.

A(n) __________ seeks to achieve both global standardization and national responsiveness.

Unrelated diversification occurs when an organization expands into a totally new line of business.

The introduction of Uber and Lyft as alternatives to traditional taxi services is an example of which of Porter's five competitive forces?

The Internet and information technology has made it easier for many companies to find ways to distinguish themselves from their competitors.