Exam 5: Strategies in Action

If a firm's present suppliers are expensive and unreliable in meeting the firm's needs for parts, components, and/or raw materials, the firm should pursue a horizontal integration strategy.

A best-value strategy offers products or services to a wide range of customers at the best price-value available on the market.

What principle is based on the belief that the true measure of a really good strategist is the ability to solve problems?

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

There are annually more than 10,000 mergers in the United States that total more than

What principle is built on the idea that there is no general plan for which way to go and what to do?

Hawaiian Airlines beginning to offer flights from Hawaii to Seoul, Korea, and Tokyo, Japan, rather than mostly flying to and from the U.S. mainland, is an example of which type of strategy?

Which of the following is NOT a reason joint ventures fail?

Compare and contrast the five types of bankruptcy: Chapters 7, 9, 11, 12 and 13.

Name at least six reasons for performing mergers or acquisitions.

When two organizations of about equal size unite to form one enterprise, which of these occurs?

PepsiCo is the largest food-and-beverage firm in Russia.

Under which condition would a differentiation strategy be especially effective?

In a turbulent, high-velocity market, a lead-change strategy is best whenever the firm has the resources to pursue this approach.

According to Porter, which strategy offers products or services to a niche group of customers at the lowest price available on the market?

Integration strategies are sometimes collectively referred to as which of the following categories of strategies?

The Family Farmer Bankruptcy Act of 1986 created which type of bankruptcy?

According to journalists' findings, what is a serious obstacle for many small business owners?

Forward integration strategy is especially effective when the availability of quality distributors is so limited as to offer a competitive advantage to those firms that integrate forward.

Which level of strategy is most likely not present in small firms?