Question 1

A growing trend is for franchisers to buy out their part of the business from their franchisees.

Accepted Answer

A) True 
 B)False

Question 2

Tyson Foods opening a manufacturing plan that makes diesel and jet fuel from chicken fat, beef tallow, and leftover food grease from the firm's meat-processing plants is an example of

Accepted Answer

A)  backward integration. 
B)  divestiture. 
C)  retrenchment. 
D)  unrelated diversification. 
E)  forward integration. 
A)  backward integration. 
B)  divestiture. 
C)  retrenchment. 
D)  unrelated diversification. 
E)  forward integration.

Question 3

Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.

Accepted Answer

A)  forward integration 
B)  related diversification 
C)  backward integration 
D)  unrelated diversification 
E)  horizontal integration 
A)  forward integration 
B)  related diversification 
C)  backward integration 
D)  unrelated diversification 
E)  horizontal integration

Question 4

The acquisition of security-software company McAfee by Intel Corp. is an example of related diversification.

Accepted Answer

A) True 
 B)False

Question 5

Divestiture would be an appropriate strategy when a need exists to introduce a new technology quickly.

Accepted Answer

A) True 
 B)False

Question 6

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

Accepted Answer

A) True 
 B)False

Question 7

The nonprofit sector is America's largest employer.

Accepted Answer

A) True 
 B)False

Question 8

An organization's present strategies, objectives and mission provide a basis for generating and evaluating feasible alternative strategies, coupled with the external and internal audit information.

Accepted Answer

A) True 
 B)False

Question 9

Since a combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously.

Accepted Answer

A) True 
 B)False

Question 10

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

Accepted Answer

A)  Conglomerate diversification 
B)  Forward integration 
C)  Concentric diversification 
D)  Backward integration 
E)  Horizontal diversification 
A)  Conglomerate diversification 
B)  Forward integration 
C)  Concentric diversification 
D)  Backward integration 
E)  Horizontal diversification

Question 11

A strategy of seeking ownership or increased control of a firm's suppliers is backward integration.

Accepted Answer

A) True 
 B)False

Question 12

What refers to a strategy of seeking ownership of, or increased control over a firm's competitors?

Accepted Answer

A)  Forward integration 
B)  Conglomerate diversification 
C)  Backward integration 
D)  Horizontal integration 
E)  Concentric diversification 
A)  Forward integration 
B)  Conglomerate diversification 
C)  Backward integration 
D)  Horizontal integration 
E)  Concentric diversification

Question 13

Joint ventures tend to fail when managers who must collaborate daily in operating the venture are not involved in forming or shaping the venture.

Accepted Answer

A) True 
 B)False

Question 14

All sizes and types of organizations can utilize and benefit from strategic-management concepts and techniques.

Accepted Answer

A) True 
 B)False

Question 15

All of the following situations are conducive to market development EXCEPT

Accepted Answer

A)  when new channels of distribution are expensive and unreliable 
B)  when an organization is very successful at what it does 
C)  when new untapped or unsaturated markets exist 
D)  when an organization has excess production capacity 
E)  when an organization's basic industry is becoming rapidly global in scope 
A)  when new channels of distribution are expensive and unreliable 
B)  when an organization is very successful at what it does 
C)  when new untapped or unsaturated markets exist 
D)  when an organization has excess production capacity 
E)  when an organization's basic industry is becoming rapidly global in scope

Question 16

Divestiture has become a popular strategy for firms to focus on their core business and become more diversified.

Accepted Answer

A) True 
 B)False

Question 17

When the correlation between dollar sales and dollar marketing expenditures has historically been low, market penetration is an appropriate strategy.

Accepted Answer

A) True 
 B)False

Question 18

Horizontal integration is seeking ownership or increased control over competitors.

Accepted Answer

A) True 
 B)False

Question 19

A low-cost focus strategy can be especially attractive when the target market niche is small.

Accepted Answer

A) True 
 B)False

Question 20

"If it ain't broke, don't fix it" refers to managing by crisis.

Accepted Answer

A) True 
 B)False

A growing trend is for franchisers to buy out their part of the business from their franchisees.

Tyson Foods opening a manufacturing plan that makes diesel and jet fuel from chicken fat, beef tallow, and leftover food grease from the firm's meat-processing plants is an example of

Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.

The acquisition of security-software company McAfee by Intel Corp. is an example of related diversification.

Divestiture would be an appropriate strategy when a need exists to introduce a new technology quickly.

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

The nonprofit sector is America's largest employer.

An organization's present strategies, objectives and mission provide a basis for generating and evaluating feasible alternative strategies, coupled with the external and internal audit information.

Since a combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously.

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

A strategy of seeking ownership or increased control of a firm's suppliers is backward integration.

What refers to a strategy of seeking ownership of, or increased control over a firm's competitors?

Joint ventures tend to fail when managers who must collaborate daily in operating the venture are not involved in forming or shaping the venture.

All sizes and types of organizations can utilize and benefit from strategic-management concepts and techniques.

All of the following situations are conducive to market development EXCEPT

Divestiture has become a popular strategy for firms to focus on their core business and become more diversified.

When the correlation between dollar sales and dollar marketing expenditures has historically been low, market penetration is an appropriate strategy.

Horizontal integration is seeking ownership or increased control over competitors.

A low-cost focus strategy can be especially attractive when the target market niche is small.

"If it ain't broke, don't fix it" refers to managing by crisis.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Financeaccounting, RD, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethicssocial Responsibilityenvironmental Sustainability

Globalinternational Issues

Filters

Exam 5: Strategies in Action

A growing trend is for franchisers to buy out their part of the business from their franchisees.

Tyson Foods opening a manufacturing plan that makes diesel and jet fuel from chicken fat, beef tallow, and leftover food grease from the firm's meat-processing plants is an example of

Many more firms have failed at ________ than have succeeded due to the immense challenge of managing businesses in many industries rather than in a single industry.

The acquisition of security-software company McAfee by Intel Corp. is an example of related diversification.

Divestiture would be an appropriate strategy when a need exists to introduce a new technology quickly.

Diversification strategies are becoming more popular as organizations are finding it easier to manage diverse business activities.

The nonprofit sector is America's largest employer.

An organization's present strategies, objectives and mission provide a basis for generating and evaluating feasible alternative strategies, coupled with the external and internal audit information.

Since a combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously.

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

A strategy of seeking ownership or increased control of a firm's suppliers is backward integration.

What refers to a strategy of seeking ownership of, or increased control over a firm's competitors?

Joint ventures tend to fail when managers who must collaborate daily in operating the venture are not involved in forming or shaping the venture.

All sizes and types of organizations can utilize and benefit from strategic-management concepts and techniques.

All of the following situations are conducive to market development EXCEPT

Divestiture has become a popular strategy for firms to focus on their core business and become more diversified.

When the correlation between dollar sales and dollar marketing expenditures has historically been low, market penetration is an appropriate strategy.

Horizontal integration is seeking ownership or increased control over competitors.

A low-cost focus strategy can be especially attractive when the target market niche is small.

"If it ain't broke, don't fix it" refers to managing by crisis.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Financeaccounting, RD, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethicssocial Responsibilityenvironmental Sustainability

Globalinternational Issues

Filters