Question 1

Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?

Accepted Answer

A)  Conglomerate diversification 
B)  Divestiture 
C)  Joint venture 
D)  Retrenchment 
E)  Integration 
A)  Conglomerate diversification 
B)  Divestiture 
C)  Joint venture 
D)  Retrenchment 
E)  Integration C

Question 2

Which strategy is effective when new, but related, products could be offered at highly competitive prices?

Accepted Answer

A)  Forward integration 
B)  Related diversification 
C)  Related integration 
D)  Conglomerate diversification 
E)  Unrelated diversification 
A)  Forward integration 
B)  Related diversification 
C)  Related integration 
D)  Conglomerate diversification 
E)  Unrelated diversification B

Question 3

The Family Farmer Bankruptcy Act of 1986 created which of the major types of bankruptcy?

Accepted Answer

A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13 
A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13 D

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Franchising is an effective means of implementing forward integration.

Accepted Answer

A) True 
 B)False

Question 6

In which situation would horizontal integration be an especially effective strategy?

Accepted Answer

A)  When an organization can gain monopolistic characteristics in a particular area or region without being challenged by the federal government for "tending substantially" to reduce competition 
B)  When an organization competes in a slowing industry 
C)  When decreased economies of scale provide major competitive advantages 
D)  When an organization has neither the capital nor human talent needed to successfully manage an expanded organization 
E)  When competitors are succeeding due to managerial expertise or having particular resources an organization possesses 
A)  When an organization can gain monopolistic characteristics in a particular area or region without being challenged by the federal government for "tending substantially" to reduce competition 
B)  When an organization competes in a slowing industry 
C)  When decreased economies of scale provide major competitive advantages 
D)  When an organization has neither the capital nor human talent needed to successfully manage an expanded organization 
E)  When competitors are succeeding due to managerial expertise or having particular resources an organization possesses

Question 7

Stockton, California, is the largest U.S. city to declare bankruptcy.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Companies are avoiding outsourcing more and more because it is more expensive than traditional methods and it does not allow a firm to concentrate on its core business.

Accepted Answer

A) True 
 B)False

Question 10

When a domestic company first begins to export to India, it is an example of

Accepted Answer

A)  horizontal integration. 
B)  backward integration. 
C)  forward integration. 
D)  concentric diversification. 
E)  market development. 
A)  horizontal integration. 
B)  backward integration. 
C)  forward integration. 
D)  concentric diversification. 
E)  market development.

Question 11

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 12

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

Accepted Answer

A) True 
 B)False

Question 13

Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?

Accepted Answer

A)  Divestiture 
B)  Related diversification 
C)  Backward integration 
D)  Unrelated diversification 
E)  Retrenchment 
A)  Divestiture 
B)  Related diversification 
C)  Backward integration 
D)  Unrelated diversification 
E)  Retrenchment

Question 14

There were far more global mergers and acquisitions in 2014 than in any year since

Accepted Answer

A)  2007. 
B)  1999. 
C)  1985. 
D)  1967. 
E)  1951. 
A)  2007. 
B)  1999. 
C)  1985. 
D)  1967. 
E)  1951.

Question 15

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and decentralization.

Accepted Answer

A) True 
 B)False

Question 16

Yum Brands owns

Accepted Answer

A)  none of its outside-U.S. restaurants. 
B)  a small share of its outside-U.S. restaurants. 
C)  nearly half of its outside-U.S. restaurants. 
D)  a substantial majority of its outside-U.S. restaurants. 
E)  virtually all of its outside-U.S. restaurants. 
A)  none of its outside-U.S. restaurants. 
B)  a small share of its outside-U.S. restaurants. 
C)  nearly half of its outside-U.S. restaurants. 
D)  a substantial majority of its outside-U.S. restaurants. 
E)  virtually all of its outside-U.S. restaurants.

Question 17

Research indicates that strategic management in small firms is more formal than in large firms.

Accepted Answer

A) True 
 B)False

Question 18

Gap's opening of its first five stores in China is an example of which type of strategy?

Accepted Answer

A)  Forward integration 
B)  Backward integration 
C)  Horizontal integration 
D)  Market development 
E)  Product development 
A)  Forward integration 
B)  Backward integration 
C)  Horizontal integration 
D)  Market development 
E)  Product development

Question 19

Differentiation guarantees competitive advantage as long as standard products sufficiently meet customer needs.

Accepted Answer

A) True 
 B)False

Question 20

Which chapter of the bankruptcy code applies to municipalities?

Accepted Answer

A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13 
A)  Chapter 7 
B)  Chapter 8 
C)  Chapter 9 
D)  Chapter 12 
E)  Chapter 13

Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?

Which strategy is effective when new, but related, products could be offered at highly competitive prices?

The Family Farmer Bankruptcy Act of 1986 created which of the major types of bankruptcy?

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

Franchising is an effective means of implementing forward integration.

In which situation would horizontal integration be an especially effective strategy?

Stockton, California, is the largest U.S. city to declare bankruptcy.

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

Companies are avoiding outsourcing more and more because it is more expensive than traditional methods and it does not allow a firm to concentrate on its core business.

When a domestic company first begins to export to India, it is an example of

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

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

Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?

There were far more global mergers and acquisitions in 2014 than in any year since

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and decentralization.

Yum Brands owns

Research indicates that strategic management in small firms is more formal than in large firms.

Gap's opening of its first five stores in China is an example of which type of strategy?

Differentiation guarantees competitive advantage as long as standard products sufficiently meet customer needs.

Which chapter of the bankruptcy code applies to municipalities?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 5: Strategies in Action

Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?

Which strategy is effective when new, but related, products could be offered at highly competitive prices?

The Family Farmer Bankruptcy Act of 1986 created which of the major types of bankruptcy?

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

Franchising is an effective means of implementing forward integration.

In which situation would horizontal integration be an especially effective strategy?

Stockton, California, is the largest U.S. city to declare bankruptcy.

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

Companies are avoiding outsourcing more and more because it is more expensive than traditional methods and it does not allow a firm to concentrate on its core business.

When a domestic company first begins to export to India, it is an example of

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

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

Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?

There were far more global mergers and acquisitions in 2014 than in any year since

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and decentralization.

Yum Brands owns

Research indicates that strategic management in small firms is more formal than in large firms.

Gap's opening of its first five stores in China is an example of which type of strategy?

Differentiation guarantees competitive advantage as long as standard products sufficiently meet customer needs.

Which chapter of the bankruptcy code applies to municipalities?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters