Question 1

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called ____________________.

Accepted Answer

The answer of The acquisition of a business that is...

Question 2

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.
-Swift Stock is following which strategy,according to Porter,through the .com subsidiary?

Accepted Answer

A) Stability 
B) Cost leadership 
C) Focus 
D) Differentiation 
E) Retrenchment 
A) Stability 
B) Cost leadership 
C) Focus 
D) Differentiation 
E) Retrenchment

Question 3

According to Porter,the bargaining power of the government is one of the five competitive forces affecting an organization's competitive environment.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is NOT a strength of the social network company,Facebook?

Accepted Answer

A) A new legislation that opens the international markets 
B) Technological know-how 
C) An aggressive and innovative culture 
D) A partnership with Microsoft 
E) Work networks are exploding and older generations prefer Facebook 
A) A new legislation that opens the international markets 
B) Technological know-how 
C) An aggressive and innovative culture 
D) A partnership with Microsoft 
E) Work networks are exploding and older generations prefer Facebook

Question 5

With the leveling force of the Internet and information technology,it has become easier for many companies to find ways to distinguish themselves from their competitors.

Accepted Answer

A) True 
 B)False

Question 6

With a multidomestic strategy,a company will achieve the globalization or standardization of marketing and production approaches.

Accepted Answer

A) True 
 B)False

Question 7

The task environment sectors are the most relevant to strategic behavior and include the behavior of competitors,customers,suppliers,and the labor supply.

Accepted Answer

A) True 
 B)False

Question 8

List the four components of a SWOT analysis.

Accepted Answer

A SWOT includes -- s

Question 9

Gatekeep Utilities is a subsidiary of GW Enterprises.Gatekeep has a mission and product line that is unique from GW.Gatekeep's competitors are also very different from those of its parent,and the subsidiary markets to a very different group of customers.As such,Gatekeep can be described as a(n):

Accepted Answer

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

Question 10

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.

Accepted Answer

The answer of With a(n)____________________ strategy,the organization aggressively seeks efficient...

Question 11

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.
-Swift Stock's traditional brokerage business could be classified as a

Accepted Answer

A) cash cow. 
B) dog. 
C) star. 
D) question mark. 
E) stuck in the middle business. 
A) cash cow. 
B) dog. 
C) star. 
D) question mark. 
E) stuck in the middle business.

Question 12

Which of Porter's five forces is influenced by all of the other four?

Accepted Answer

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

Question 13

List Porter's competitive forces.

Accepted Answer

Potential new entrants,bargain

Question 14

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 15

It is argued that ____________________ is the most difficult and most important part of strategic management.

Accepted Answer

The answer of It is argued that ____________________ is the...

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

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called ____________________.

According to Porter,the bargaining power of the government is one of the five competitive forces affecting an organization's competitive environment.

Which of the following is NOT a strength of the social network company,Facebook?

With the leveling force of the Internet and information technology,it has become easier for many companies to find ways to distinguish themselves from their competitors.

With a multidomestic strategy,a company will achieve the globalization or standardization of marketing and production approaches.

The task environment sectors are the most relevant to strategic behavior and include the behavior of competitors,customers,suppliers,and the labor supply.

List the four components of a SWOT analysis.

Gatekeep Utilities is a subsidiary of GW Enterprises.Gatekeep has a mission and product line that is unique from GW.Gatekeep's competitors are also very different from those of its parent,and the subsidiary markets to a very different group of customers.As such,Gatekeep can be described as a(n):

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.

Which of Porter's five forces is influenced by all of the other four?

List Porter's competitive forces.

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

It is argued that ____________________ is the most difficult and most important part of strategic management.

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

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 acquisition of a business that is related to current product lines or that takes the corporation into new areas is called ____________________.

According to Porter,the bargaining power of the government is one of the five competitive forces affecting an organization's competitive environment.

Which of the following is NOT a strength of the social network company,Facebook?

With the leveling force of the Internet and information technology,it has become easier for many companies to find ways to distinguish themselves from their competitors.

With a multidomestic strategy,a company will achieve the globalization or standardization of marketing and production approaches.

The task environment sectors are the most relevant to strategic behavior and include the behavior of competitors,customers,suppliers,and the labor supply.

List the four components of a SWOT analysis.

Gatekeep Utilities is a subsidiary of GW Enterprises.Gatekeep has a mission and product line that is unique from GW.Gatekeep's competitors are also very different from those of its parent,and the subsidiary markets to a very different group of customers.As such,Gatekeep can be described as a(n):

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.

Which of Porter's five forces is influenced by all of the other four?

List Porter's competitive forces.

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

It is argued that ____________________ is the most difficult and most important part of strategic management.

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

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