Question 1

The world-wide standardization of product design and advertising refers to globalization.

Accepted Answer

A) True 
 B)False

Question 2

A multidomestic strategy standardizes global products/advertising strategies.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific needs in various countries?

Accepted Answer

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

Question 4

____________________ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Accepted Answer

Strategy f

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Flush Away,Inc.is particularly concerned about pending legislation in Congress that would further regulate their organization.This legislation would be classified as

Accepted Answer

A) an external opportunity. 
B) an internal strength. 
C) an external threat. 
D) an external weakness. 
E) a congressional chaos. 
A) an external opportunity. 
B) an internal strength. 
C) an external threat. 
D) an external weakness. 
E) a congressional chaos.

Question 7

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 8

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

Accepted Answer

A) True 
 B)False

Question 9

Differentiate between strategy formulation and strategy implementation.

Accepted Answer

Strategy formulation includes the planni

Question 10

Which of the following is a business activity that an organization does especially well relative to its competition?

Accepted Answer

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

Question 11

Human resources,in strategy implementation,are the ability to influence people to adopt the new behaviors need.

Accepted Answer

A) True 
 B)False

Question 12

Scenario - SS.com
Faced with rapidly growing business,Swift Stocks,Inc. ,a global brokerage company with the largest market share,recently announced that it has established an on-line 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 on-line commission rates.
-If Swift Stock's traditional brokerage business were to face a declining business growth,it may need to be reclassified as a

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 13

Internal analysis examines overall organization structure,management competence and quality,and human resource characteristics.

Accepted Answer

A) True 
 B)False

Question 14

Which of these is true about the cash cow?

Accepted Answer

A) It generates tremendous profits in a rapidly growing industry. 
B) It has a small market share in a rapidly growing industry. 
C) It has a small market share in a slow growth industry. 
D) It has a large market share in a slow growth industry. 
E) It is generally a dead business that should be divested. 
A) It generates tremendous profits in a rapidly growing industry. 
B) It has a small market share in a rapidly growing industry. 
C) It has a small market share in a slow growth industry. 
D) It has a large market share in a slow growth industry. 
E) It is generally a dead business that should be divested.

Question 15

Name and describe the three types of global strategies.

Accepted Answer

The three types of global strategies are

Question 16

The question mark has a

Accepted Answer

A) large market share in a rapidly growing industry. 
B) large market share in a slow growth industry. 
C) small market share in a rapidly growing industry. 
D) small share of a slow growth market. 
E) moderate market share in a slow growth industry. 
A) large market share in a rapidly growing industry. 
B) large market share in a slow growth industry. 
C) small market share in a rapidly growing industry. 
D) small share of a slow growth market. 
E) moderate market share in a slow growth industry.

Question 17

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 18

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 19

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

Accepted Answer

A) True 
 B)False

Question 20

In a turbulent business climate,managers should focus on strategic stability rather than flexibility.

Accepted Answer

A) True 
 B)False

The world-wide standardization of product design and advertising refers to globalization.

A multidomestic strategy standardizes global products/advertising strategies.

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific needs in various countries?

____________________ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

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

Flush Away,Inc.is particularly concerned about pending legislation in Congress that would further regulate their organization.This legislation would be classified as

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?

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

Differentiate between strategy formulation and strategy implementation.

Which of the following is a business activity that an organization does especially well relative to its competition?

Human resources,in strategy implementation,are the ability to influence people to adopt the new behaviors need.

Internal analysis examines overall organization structure,management competence and quality,and human resource characteristics.

Which of these is true about the cash cow?

Name and describe the three types of global strategies.

The question mark has a

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

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

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

In a turbulent business climate,managers should focus on strategic stability rather than flexibility.

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Web 20, and E-Business

Filters

Exam 8: Strategy Formulation and Execution

The world-wide standardization of product design and advertising refers to globalization.

A multidomestic strategy standardizes global products/advertising strategies.

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific needs in various countries?

____________________ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

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

Flush Away,Inc.is particularly concerned about pending legislation in Congress that would further regulate their organization.This legislation would be classified as

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?

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

Differentiate between strategy formulation and strategy implementation.

Which of the following is a business activity that an organization does especially well relative to its competition?

Human resources,in strategy implementation,are the ability to influence people to adopt the new behaviors need.

Internal analysis examines overall organization structure,management competence and quality,and human resource characteristics.

Which of these is true about the cash cow?

Name and describe the three types of global strategies.

The question mark has a

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

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

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

In a turbulent business climate,managers should focus on strategic stability rather than flexibility.

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Web 20, and E-Business

Filters

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