Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

The ____ function recruits selects,trains,transfers,promotes,and lays off employees to achieve strategic goals.

Accepted Answer

A) production 
B) leadership 
C) information and control systems 
D) structural design 
E) human resource 
A) production 
B) leadership 
C) information and control systems 
D) structural design 
E) human resource

Question 3

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 4

Briefly describe the five competitive forces identified by Michael E.Porter.

Accepted Answer

Potential new entrants: Capital requirem

Question 5

The purpose of ________ is to expand the firm's business operations to produce new kinds of valuable products and services?

Accepted Answer

A) retrenchment. 
B) diversification. 
C) liquidation. 
D) cash cow. 
E) internal growth. 
A) retrenchment. 
B) diversification. 
C) liquidation. 
D) cash cow. 
E) internal growth.

Question 6

Value occurs when the organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone.

Accepted Answer

A) True 
 B)False

Question 7

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Accepted Answer

A) True 
 B)False

Question 8

Compare and contrast the three levels of strategy in an organization.

Accepted Answer

There are three levels of strategy in an

Question 9

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

Accepted Answer

A) True 
 B)False

Question 10

The ____ strategy involves seeking efficient facilities,cutting costs and using tight cost controls to be more efficient than competitors.

Accepted Answer

A) cost leadership 
B) differentiation 
C) focus 
D) internal growth 
E) liquidation 
A) cost leadership 
B) differentiation 
C) focus 
D) internal growth 
E) liquidation

Question 11

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

Accepted Answer

The three focuses are core competencies,

Question 12

What type of organizational unit has a unique business mission,product line,competitors,and markets relative to other units in the same corporation?

Accepted Answer

A) Product unit 
B) Functional unit 
C) Strategic business unit 
D) Operational unit 
E) Business consulting group unit 
A) Product unit 
B) Functional unit 
C) Strategic business unit 
D) Operational unit 
E) Business consulting group unit

Question 13

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

Accepted Answer

A) Strategy formulation 
B) Strategy implementation 
C) Strategy coordination 
D) Strategy control 
E) SWOT 
A) Strategy formulation 
B) Strategy implementation 
C) Strategy coordination 
D) Strategy control 
E) SWOT

Question 14

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 15

SWOT analysis includes a review of the internal threats and opportunities.

Accepted Answer

A) True 
 B)False

Question 16

The concentration of suppliers and the availability of substitute suppliers are significant factors in determining supplier power.

Accepted Answer

A) True 
 B)False

Question 17

Which of these is true about the dog division?

Accepted Answer

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

Question 18

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

Accepted Answer

A) Globalization 
B) Multidomestic 
C) Export 
D) Transnational 
E) Import 
A) Globalization 
B) Multidomestic 
C) Export 
D) Transnational 
E) Import

Question 19

When Philip-Morris,the tobacco giant,bought Kraft,Inc. ,it was pursuing a

Accepted Answer

A) corporate-level strategy. 
B) business-level strategy. 
C) functional-level strategy. 
D) multidomestic strategy. 
E) retrenchment strategy. 
A) corporate-level strategy. 
B) business-level strategy. 
C) functional-level strategy. 
D) multidomestic strategy. 
E) retrenchment strategy.

Question 20

A corporate-level strategy is concerned with the question

Accepted Answer

A) what business are we in? 
B) how do we compete? 
C) how do we support our chosen strategy? 
D) where do we market our products? 
E) should we promote from within? 
A) what business are we in? 
B) how do we compete? 
C) how do we support our chosen strategy? 
D) where do we market our products? 
E) should we promote from within?

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

The ____ function recruits selects,trains,transfers,promotes,and lays off employees to achieve strategic goals.

Barriers to entry are related to which competitive force?

Briefly describe the five competitive forces identified by Michael E.Porter.

The purpose of ________ is to expand the firm's business operations to produce new kinds of valuable products and services?

Value occurs when the organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone.

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Compare and contrast the three levels of strategy in an organization.

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

The ____ strategy involves seeking efficient facilities,cutting costs and using tight cost controls to be more efficient than competitors.

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

What type of organizational unit has a unique business mission,product line,competitors,and markets relative to other units in the same corporation?

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

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

SWOT analysis includes a review of the internal threats and opportunities.

The concentration of suppliers and the availability of substitute suppliers are significant factors in determining supplier power.

Which of these is true about the dog division?

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

When Philip-Morris,the tobacco giant,bought Kraft,Inc. ,it was pursuing a

A corporate-level strategy is concerned with the question

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

The ____ function recruits selects,trains,transfers,promotes,and lays off employees to achieve strategic goals.

Barriers to entry are related to which competitive force?

Briefly describe the five competitive forces identified by Michael E.Porter.

The purpose of ________ is to expand the firm's business operations to produce new kinds of valuable products and services?

Value occurs when the organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone.

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Compare and contrast the three levels of strategy in an organization.

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

The ____ strategy involves seeking efficient facilities,cutting costs and using tight cost controls to be more efficient than competitors.

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

What type of organizational unit has a unique business mission,product line,competitors,and markets relative to other units in the same corporation?

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

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

SWOT analysis includes a review of the internal threats and opportunities.

The concentration of suppliers and the availability of substitute suppliers are significant factors in determining supplier power.

Which of these is true about the dog division?

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

When Philip-Morris,the tobacco giant,bought Kraft,Inc. ,it was pursuing a

A corporate-level strategy is concerned with the question

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