Question 1

Continuous improvement is an operations concept developed by Deming and perfected by firms in

Accepted Answer

A)  the United States. 
B)  Sweden. 
C)  Japan. 
D)  Germany. 
E)  Canada. 
A)  the United States. 
B)  Sweden. 
C)  Japan. 
D)  Germany. 
E)  Canada. C

Question 2

The use of the Internet to market goods directly to the customer allows a company to use dynamic pricing.

Accepted Answer

A) True 
 B)False  True

Question 3

Even the most attractive strategic alternative might not be selected if it is contrary to the needs and desires of important top managers.

Accepted Answer

A) True 
 B)False  True

Question 4

When there are highly automated assembly lines making one mass-produced product using little human labor, this setup is called

Accepted Answer

A)  dedicated transfer lines. 
B)  connected line batch flow. 
C)  connected job flow. 
D)  mass batch lines. 
E)  mass job flow. 
A)  dedicated transfer lines. 
B)  connected line batch flow. 
C)  connected job flow. 
D)  mass batch lines. 
E)  mass job flow.

Question 5

Which type of pricing attempts to hasten market development and offers the pioneer the opportunity to utilize the experience curve to gain market share with a low price and dominate the industry?

Accepted Answer

A)  demand pricing 
B)  competitive pricing 
C)  skim pricing 
D)  penetration pricing 
E)  loss-leader pricing 
A)  demand pricing 
B)  competitive pricing 
C)  skim pricing 
D)  penetration pricing 
E)  loss-leader pricing

Question 6

When the Kellogg Company changed to a push strategy, they spent more money on consumer advertising designed to build brand awareness so that shoppers will ask for the products.

Accepted Answer

A) True 
 B)False

Question 7

An operations strategy determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources, and relationships with suppliers.

Accepted Answer

A) True 
 B)False

Question 8

The type of strategy used to influence a corporation's key stakeholders in order to increase their support of corporate activities is

Accepted Answer

A)  cooperative strategy. 
B)  political strategy. 
C)  competitive strategy. 
D)  marketing strategy. 
E)  profit strategy. 
A)  cooperative strategy. 
B)  political strategy. 
C)  competitive strategy. 
D)  marketing strategy. 
E)  profit strategy.

Question 9

Which one of the following is NOT True of risk?

Accepted Answer

A)  It includes the length of time the asset will be unavailable for other uses. 
B)  It includes the probability that the strategy will be effective. 
C)  Managers who own a significant amount of stock in their firms are less likely to engage in risk-taking actions. 
D)  It includes the amount of assets the corporation must allocate to that strategy. 
E)  The greater the assets involved, the more likely top management is to demand a high probability of success. 
A)  It includes the length of time the asset will be unavailable for other uses. 
B)  It includes the probability that the strategy will be effective. 
C)  Managers who own a significant amount of stock in their firms are less likely to engage in risk-taking actions. 
D)  It includes the amount of assets the corporation must allocate to that strategy. 
E)  The greater the assets involved, the more likely top management is to demand a high probability of success.

Question 10

According to Porter, to achieve a differentiation competitive strategy by following the functional strategy of technological leadership, a business unit should

Accepted Answer

A)  pioneer the lowest-cost product design. 
B)  innovate in other activities to increase buyer value. 
C)  avoid R&D costs through imitation. 
D)  create low-cost ways of performing value activities. 
E)  be the first firm down the learning curve. 
A)  pioneer the lowest-cost product design. 
B)  innovate in other activities to increase buyer value. 
C)  avoid R&D costs through imitation. 
D)  create low-cost ways of performing value activities. 
E)  be the first firm down the learning curve.

Question 11

The key to outsourcing is to purchase from outside only those activities that are not key to the company's distinctive competencies.

Accepted Answer

A) True 
 B)False

Question 12

Each business unit has its own set of departments, each with its own functional strategy.

Accepted Answer

A) True 
 B)False

Question 13

Fujitsu demonstrated a strategy to avoid when it imitated IBM's strategy focused on mainframes in 1990.

Accepted Answer

A) True 
 B)False

Question 14

What are the strategies to avoid proposed by the authors?

Accepted Answer

The strategies to avoid are as follows:

Question 15

In evaluating a strategic alternative, if there is little fit with the company's culture, what are management's options?

Accepted Answer

In evaluating a strategic alternative, m

Question 16

When Smith & Wesson puts its name on others' products like men's cologne, it is using which marketing strategy?

Accepted Answer

A)  demand pricing 
B)  brand pricing 
C)  brand extension 
D)  penetration extension 
E)  demand extension 
A)  demand pricing 
B)  brand pricing 
C)  brand extension 
D)  penetration extension 
E)  demand extension

Question 17

Logistics strategy deals with the flow of products into and out of the manufacturing process.

Accepted Answer

A) True 
 B)False

Question 18

The most commonly used political strategies include which of the following?

Accepted Answer

A)  constituency building 
B)  political action committee contributions 
C)  advocacy advertising 
D)  lobbying 
E)  all of the above 
A)  constituency building 
B)  political action committee contributions 
C)  advocacy advertising 
D)  lobbying 
E)  all of the above

Question 19

If there is little fit between a strategic alternative under consideration and the corporate culture, which of the following is one of management's options to consider?

Accepted Answer

A)  Take a chance on ignoring the culture by implementing the strategic alternative. 
B)  Manage around the culture and change the implementation plan. 
C)  Try to change the culture to fit the strategy. 
D)  Change the strategy to fit the culture. 
E)  all of the above 
A)  Take a chance on ignoring the culture by implementing the strategic alternative. 
B)  Manage around the culture and change the implementation plan. 
C)  Try to change the culture to fit the strategy. 
D)  Change the strategy to fit the culture. 
E)  all of the above

Question 20

The importance of sole sourcing was supported by Deming to obtain high supplier quality.

Accepted Answer

A) True 
 B)False

Continuous improvement is an operations concept developed by Deming and perfected by firms in

The use of the Internet to market goods directly to the customer allows a company to use dynamic pricing.

Even the most attractive strategic alternative might not be selected if it is contrary to the needs and desires of important top managers.

When there are highly automated assembly lines making one mass-produced product using little human labor, this setup is called

Which type of pricing attempts to hasten market development and offers the pioneer the opportunity to utilize the experience curve to gain market share with a low price and dominate the industry?

When the Kellogg Company changed to a push strategy, they spent more money on consumer advertising designed to build brand awareness so that shoppers will ask for the products.

An operations strategy determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources, and relationships with suppliers.

The type of strategy used to influence a corporation's key stakeholders in order to increase their support of corporate activities is

Which one of the following is NOT True of risk?

According to Porter, to achieve a differentiation competitive strategy by following the functional strategy of technological leadership, a business unit should

The key to outsourcing is to purchase from outside only those activities that are not key to the company's distinctive competencies.

Each business unit has its own set of departments, each with its own functional strategy.

Fujitsu demonstrated a strategy to avoid when it imitated IBM's strategy focused on mainframes in 1990.

What are the strategies to avoid proposed by the authors?

In evaluating a strategic alternative, if there is little fit with the company's culture, what are management's options?

When Smith & Wesson puts its name on others' products like men's cologne, it is using which marketing strategy?

Logistics strategy deals with the flow of products into and out of the manufacturing process.

The most commonly used political strategies include which of the following?

If there is little fit between a strategic alternative under consideration and the corporate culture, which of the following is one of management's options to consider?

The importance of sole sourcing was supported by Deming to obtain high supplier quality.

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

Continuous improvement is an operations concept developed by Deming and perfected by firms in

The use of the Internet to market goods directly to the customer allows a company to use dynamic pricing.

Even the most attractive strategic alternative might not be selected if it is contrary to the needs and desires of important top managers.

When there are highly automated assembly lines making one mass-produced product using little human labor, this setup is called

Which type of pricing attempts to hasten market development and offers the pioneer the opportunity to utilize the experience curve to gain market share with a low price and dominate the industry?

When the Kellogg Company changed to a push strategy, they spent more money on consumer advertising designed to build brand awareness so that shoppers will ask for the products.

An operations strategy determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources, and relationships with suppliers.

The type of strategy used to influence a corporation's key stakeholders in order to increase their support of corporate activities is

Which one of the following is NOT True of risk?

According to Porter, to achieve a differentiation competitive strategy by following the functional strategy of technological leadership, a business unit should

The key to outsourcing is to purchase from outside only those activities that are not key to the company's distinctive competencies.

Each business unit has its own set of departments, each with its own functional strategy.

Fujitsu demonstrated a strategy to avoid when it imitated IBM's strategy focused on mainframes in 1990.

What are the strategies to avoid proposed by the authors?

In evaluating a strategic alternative, if there is little fit with the company's culture, what are management's options?

When Smith & Wesson puts its name on others' products like men's cologne, it is using which marketing strategy?

Logistics strategy deals with the flow of products into and out of the manufacturing process.

The most commonly used political strategies include which of the following?

If there is little fit between a strategic alternative under consideration and the corporate culture, which of the following is one of management's options to consider?

The importance of sole sourcing was supported by Deming to obtain high supplier quality.

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters