Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

When a company 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 company is developing its ________ strategy.

When Intel opened four small-scale research facilities adjacent to universities to promote the cross-pollination of ideas,they were using which approach to R&D?

Two suppliers are the sole suppliers of two different parts,but they are also backup suppliers for each other's parts in parallel sourcing.

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

The automobile industry is currently experimenting with the strategy of mass customization in which pre-assembled sub-assemblies are delivered as they are needed to a company's assembly line workers.

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

According to a recent survey by Deloitte Consulting,the most popular outsourced activity was

If a company wishes to be a technological leader and also maintain a cost advantage,the appropriate R&D strategy would be to

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

Which of the following is not true of risk?

A popular financial strategy in which a company is acquired in a transaction financed largely by debt and eventually paid with money generated from the acquired company's operations or by sale of its assets is

Which of the following is not one of the major outsourcing errors that should be avoided?

Avon is an example of a company that demonstrated having a diverse workforce

A company,such as Church & Dwight,follows the market development strategy of developing new uses and/or markets for current products such as for its successful product: Arm & Hammer brand baking soda.

Risk in strategic management is only the probability that the strategy will be effective.

When a company exchanges 200 shares of stock worth $20 each for 100 shares worth $40 each,they are using

The real-options approach used by Chevron for bidding on petroleum reserves improves organizational performance.

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

The reconfiguring of people,processes,units,and technology to give customers exactly what they want and when they want it is known as

Outsourcing is the alternative to vertical integration.