Question 1

The BCG matrix evaluates an organization's various businesses to identify which ones offer high potential and which ones drain organizational resources.

Accepted Answer

A) True 
 B)False  True

Question 2

Heavy investment in ________ will help take advantage of the market's growth and help maintain high market share.

Accepted Answer

A)  cash cows 
B)  stars 
C)  question marks 
D)  dogs 
A)  cash cows 
B)  stars 
C)  question marks 
D)  dogs B

Question 3

You decide to purchase a local five-store hardware chain because it was a good investment.This is an example of ________.

Accepted Answer

A)  concentration growth strategy 
B)  stabilization strategy 
C)  related diversification 
D)  unrelated diversification 
A)  concentration growth strategy 
B)  stabilization strategy 
C)  related diversification 
D)  unrelated diversification D

Question 4

Discuss the corporate portfolio matrix and the Boston Consulting Group (BCG) matrix.

Accepted Answer

When an organization's corporate strateg

Question 5

Functional-level strategy directly supports the ________.

Accepted Answer

A)  corporate strategy 
B)  competitive strategy 
C)  growth strategy 
D)  concentration strategy 
A)  corporate strategy 
B)  competitive strategy 
C)  growth strategy 
D)  concentration strategy

Question 6

Your oldest supplier, Zorro Distributors, is a family-owned firm.Recently, the firm's president, Diego De La Vega, made the decision to retire.To his disappointment, none of his five children stepped forward to take his place at the helm of the firm.Sr.De La Vega is concerned that if he sells his company to a larger distributor, many of his employees will lose their jobs.You approach your old friend with a generous offer to buy Zorro and continue its current operations.Should your offer be accepted, Taco Rocket would be undertaking ________.

Accepted Answer

A)  horizontal integration 
B)  unrelated diversification 
C)  forward vertical integration 
D)  backward vertical integration 
A)  horizontal integration 
B)  unrelated diversification 
C)  forward vertical integration 
D)  backward vertical integration

Question 7

Which of the following strategies involves a cost advantage or a differentiation advantage in a narrow segment?

Accepted Answer

A)  flexibility strategy 
B)  focus strategy 
C)  functional strategy 
D)  leadership strategy 
A)  flexibility strategy 
B)  focus strategy 
C)  functional strategy 
D)  leadership strategy

Question 8

Which of the following is an advantage of being a first mover?

Accepted Answer

A)  certainty over the direction of technology and market 
B)  low development costs 
C)  no financial or strategic risks 
D)  opportunity to begin building customer relationships 
A)  certainty over the direction of technology and market 
B)  low development costs 
C)  no financial or strategic risks 
D)  opportunity to begin building customer relationships

Question 9

List and discuss the three levels of strategy that a large organization must develop.

Accepted Answer

a.Corporate Strategy - This strategy det

Question 10

Defining the organizational mission forces managers to identify ________.

Accepted Answer

A)  what the labor supply is like in the locations where the organization operates 
B)  what the organization is in business to do 
C)  what the competitor is doing 
D)  what pending legislation will affect the organization 
A)  what the labor supply is like in the locations where the organization operates 
B)  what the organization is in business to do 
C)  what the competitor is doing 
D)  what pending legislation will affect the organization

Question 11

In the Boston Consulting Group (BCG) matrix, a business unit that has a low anticipated growth rate but a high market share is known as a ________.

Accepted Answer

A)  cash cow 
B)  star 
C)  dog 
D)  question mark 
A)  cash cow 
B)  star 
C)  dog 
D)  question mark

Question 12

Stars, one of the four business groups in the BCG matrix, are characterized by low growth and low market share.

Accepted Answer

A) True 
 B)False

Question 13

Ronald's has been in the fast food business for five years.After struggling for two years, it finally broke even, and the french fries it offers are its most popular product.However, during the past year, its business has suffered because the farm that used to supply it with potatoes has increased its prices drastically.What should Ronald's do to control its production costs?

Accepted Answer

A)  Ronald's should reorganize its organizational hierarchy to increase efficiency. 
B)  Ronald's should buy out the farm and become its own supplier. 
C)  Ronald's should open more distribution outlets. 
D)  Ronald's should broaden its product range by introducing potato nuggets on its menu. 
A)  Ronald's should reorganize its organizational hierarchy to increase efficiency. 
B)  Ronald's should buy out the farm and become its own supplier. 
C)  Ronald's should open more distribution outlets. 
D)  Ronald's should broaden its product range by introducing potato nuggets on its menu.

Question 14

Exceptional or unique organizational resources are known as core capabilities.

Accepted Answer

A) True 
 B)False

Question 15

When an organization is analyzing its labor supply, it is studying its ________.

Accepted Answer

A)  organizational culture 
B)  internal environment 
C)  external environment 
D)  organizational mission 
A)  organizational culture 
B)  internal environment 
C)  external environment 
D)  organizational mission

Question 16

How can a cost leader use e-business to reduce costs?

Accepted Answer

A)  It could automate purchasing and payment systems so that customers have detailed status reports. 
B)  It could provide rapid online responses to service requests. 
C)  It could use Internet-based knowledge systems to shorten customer response times. 
D)  It could use Web-based inventory control systems that reduce storage costs. 
A)  It could automate purchasing and payment systems so that customers have detailed status reports. 
B)  It could provide rapid online responses to service requests. 
C)  It could use Internet-based knowledge systems to shorten customer response times. 
D)  It could use Web-based inventory control systems that reduce storage costs.

Question 17

________ takes place when a company combines with other companies in different, but associated, industries.

Accepted Answer

A)  Stabilized diversification 
B)  Horizontal integration 
C)  Vertical integration 
D)  Related diversification 
A)  Stabilized diversification 
B)  Horizontal integration 
C)  Vertical integration 
D)  Related diversification

Question 18

What is a strategic disadvantage of being a first mover?

Accepted Answer

A)  least opportunity to build customer loyalty 
B)  risk of competitors imitating innovations 
C)  no cost and learning benefit 
D)  no control over resources 
A)  least opportunity to build customer loyalty 
B)  risk of competitors imitating innovations 
C)  no cost and learning benefit 
D)  no control over resources

Question 19

Within an organization, the single independent businesses that formulate their own competitive strategies are known as strategic business units.

Accepted Answer

A) True 
 B)False

Question 20

Helen, the owner of Crazy Cupcakes, is conducting a SWOT analysis of her company to find out where she can improve her business and to identify possibilities for expansion.Which of the following represents an opportunity for expansion?

Accepted Answer

A)  There has been a trend toward personalized cupcakes for a variety of occasions. 
B)  The production process was found to be highly efficient and wastage was kept to a minimum. 
C)  In a taste test, Crazy Cupcakes products ranked higher than competitors in the taste and texture segments. 
D)  Crazy Cupcakes decorators are among the best in their field and design plays a major role in the popularity of the products. 
A)  There has been a trend toward personalized cupcakes for a variety of occasions. 
B)  The production process was found to be highly efficient and wastage was kept to a minimum. 
C)  In a taste test, Crazy Cupcakes products ranked higher than competitors in the taste and texture segments. 
D)  Crazy Cupcakes decorators are among the best in their field and design plays a major role in the popularity of the products.

The BCG matrix evaluates an organization's various businesses to identify which ones offer high potential and which ones drain organizational resources.

Heavy investment in ________ will help take advantage of the market's growth and help maintain high market share.

You decide to purchase a local five-store hardware chain because it was a good investment.This is an example of ________.

Discuss the corporate portfolio matrix and the Boston Consulting Group (BCG) matrix.

Functional-level strategy directly supports the ________.

Which of the following strategies involves a cost advantage or a differentiation advantage in a narrow segment?

Which of the following is an advantage of being a first mover?

List and discuss the three levels of strategy that a large organization must develop.

Defining the organizational mission forces managers to identify ________.

In the Boston Consulting Group (BCG) matrix, a business unit that has a low anticipated growth rate but a high market share is known as a ________.

Stars, one of the four business groups in the BCG matrix, are characterized by low growth and low market share.

Exceptional or unique organizational resources are known as core capabilities.

When an organization is analyzing its labor supply, it is studying its ________.

How can a cost leader use e-business to reduce costs?

________ takes place when a company combines with other companies in different, but associated, industries.

What is a strategic disadvantage of being a first mover?

Within an organization, the single independent businesses that formulate their own competitive strategies are known as strategic business units.

Helen, the owner of Crazy Cupcakes, is conducting a SWOT analysis of her company to find out where she can improve her business and to identify possibilities for expansion.Which of the following represents an opportunity for expansion?

Management and Organizations

Understanding Management: Constraints and Challenges

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managers As Decision Makers

Managing Change and Innovation

Foundations of Planning

Managerial Controls

Basic Organizational Design

Adaptive Organizational Design

Managing Human Resources

Managing Teams

Understanding Individual Behavior

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

Exam 9: Strategic Management

The BCG matrix evaluates an organization's various businesses to identify which ones offer high potential and which ones drain organizational resources.

Heavy investment in ________ will help take advantage of the market's growth and help maintain high market share.

You decide to purchase a local five-store hardware chain because it was a good investment.This is an example of ________.

Discuss the corporate portfolio matrix and the Boston Consulting Group (BCG) matrix.

Functional-level strategy directly supports the ________.

Which of the following strategies involves a cost advantage or a differentiation advantage in a narrow segment?

Which of the following is an advantage of being a first mover?

List and discuss the three levels of strategy that a large organization must develop.

Defining the organizational mission forces managers to identify ________.

In the Boston Consulting Group (BCG) matrix, a business unit that has a low anticipated growth rate but a high market share is known as a ________.

Stars, one of the four business groups in the BCG matrix, are characterized by low growth and low market share.

Exceptional or unique organizational resources are known as core capabilities.

When an organization is analyzing its labor supply, it is studying its ________.

How can a cost leader use e-business to reduce costs?

________ takes place when a company combines with other companies in different, but associated, industries.

What is a strategic disadvantage of being a first mover?

Within an organization, the single independent businesses that formulate their own competitive strategies are known as strategic business units.

Helen, the owner of Crazy Cupcakes, is conducting a SWOT analysis of her company to find out where she can improve her business and to identify possibilities for expansion.Which of the following represents an opportunity for expansion?

Management and Organizations

Understanding Management: Constraints and Challenges

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managers As Decision Makers

Managing Change and Innovation

Foundations of Planning

Managerial Controls

Basic Organizational Design

Adaptive Organizational Design

Managing Human Resources

Managing Teams

Understanding Individual Behavior

Managers and Communication

Motivating Employees

Managers As Leaders

Filters