Question 1

The evaluation of alternative strategies and selection of the best alternative is referred to as

Accepted Answer

A)  alternative generation. 
B)  strategic implementation. 
C)  strategic choice. 
D)  strategic selection. 
E)  evaluation. 
A)  alternative generation. 
B)  strategic implementation. 
C)  strategic choice. 
D)  strategic selection. 
E)  evaluation.

Question 2

In a leveraged buyout,the acquired company,in effect,pays for its own acquisition.

Accepted Answer

A) True 
 B)False

Question 3

A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action.

Accepted Answer

A) True 
 B)False

Question 4

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

Question 5

Fujitsu demonstrated a follow-the-leader strategy when it imitated IBM's strategy focused on mainframes in 1990.

Accepted Answer

A) True 
 B)False

Question 6

To avoid the consensus trap,which technique assigns a group or individual to identify potential pitfalls and problems with a proposed alternative strategy in a formal presentation?

Accepted Answer

A)  devil's advocate 
B)  Sloan's judgment 
C)  sales presentation 
D)  dialectical inquiry 
E)  scenario construction 
A)  devil's advocate 
B)  Sloan's judgment 
C)  sales presentation 
D)  dialectical inquiry 
E)  scenario construction

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

When components are standardized and each machine functions like a job shop but is positioned in the same order as the parts are processed,this setup is known as

Accepted Answer

A)  mass customization. 
B)  connected line batch flow. 
C)  connected job flow. 
D)  mass batch flow. 
E)  mass job flow. 
A)  mass customization. 
B)  connected line batch flow. 
C)  connected job flow. 
D)  mass batch flow. 
E)  mass job flow.

Question 9

Distinguish between a market development and a product development strategy.

Accepted Answer

Using a market development strategy,a co

Question 10

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,ma

Question 11

The attractiveness of a strategic alternative is affected by its perceived compatibility with the key stakeholders in a corporation's task environment.

Accepted Answer

A) True 
 B)False

Question 12

The technique used to help strategic managers choose among alternative choices by defining the task environment,developing a set of various forecasts,and using pro forma financial statements is called

Accepted Answer

A)  decision trees. 
B)  SWOT analysis. 
C)  industry scenarios. 
D)  corporate scenarios. 
E)  Capital Asset Pricing Model. 
A)  decision trees. 
B)  SWOT analysis. 
C)  industry scenarios. 
D)  corporate scenarios. 
E)  Capital Asset Pricing Model.

Question 13

An example of the use of the leader R&D functional strategy to achieve a differentiation competitive advantage is Nike Inc.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following reflects the impact of industry backgrounds on strategic choices?

Accepted Answer

A)  Executives from other industries tend to make riskier decisions. 
B)  Executives with strong ties within an industry tend to choose strategies commonly used in that industry. 
C)  Executives from other industries tend to downsize as a first choice. 
D)  Executives with strong ties within an industry tend to make riskier decisions. 
E)  Executives from other industries tend to emphasize ROI. 
A)  Executives from other industries tend to make riskier decisions. 
B)  Executives with strong ties within an industry tend to choose strategies commonly used in that industry. 
C)  Executives from other industries tend to downsize as a first choice. 
D)  Executives with strong ties within an industry tend to make riskier decisions. 
E)  Executives from other industries tend to emphasize ROI.

Question 15

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 16

The type of marketing strategy in which a company captures a larger share of an existing market for current products through market saturation or market penetration or develops new markets for current products is called

Accepted Answer

A)  market development. 
B)  push strategy. 
C)  product development. 
D)  pull strategy. 
E)  skimming the cream. 
A)  market development. 
B)  push strategy. 
C)  product development. 
D)  pull strategy. 
E)  skimming the cream.

Question 17

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 18

A company that pioneers an innovation is called a

Accepted Answer

A)  technological follower. 
B)  technological opportunist. 
C)  technological leader. 
D)  technological manufacturer. 
E)  technological entrepreneur. 
A)  technological follower. 
B)  technological opportunist. 
C)  technological leader. 
D)  technological manufacturer. 
E)  technological entrepreneur.

Question 19

A product development strategy deals with pricing,selling,and distributing a product.

Accepted Answer

A) True 
 B)False

Question 20

Penetration pricing attempts to hasten market development and offers the pioneer the opportunity to use the experience curve to gain market share with a low price and dominate the industry.

Accepted Answer

A) True 
 B)False

The evaluation of alternative strategies and selection of the best alternative is referred to as

In a leveraged buyout,the acquired company,in effect,pays for its own acquisition.

A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action.

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

Fujitsu demonstrated a follow-the-leader strategy when it imitated IBM's strategy focused on mainframes in 1990.

To avoid the consensus trap,which technique assigns a group or individual to identify potential pitfalls and problems with a proposed alternative strategy in a formal presentation?

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.

When components are standardized and each machine functions like a job shop but is positioned in the same order as the parts are processed,this setup is known as

Distinguish between a market development and a product development strategy.

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

The attractiveness of a strategic alternative is affected by its perceived compatibility with the key stakeholders in a corporation's task environment.

The technique used to help strategic managers choose among alternative choices by defining the task environment,developing a set of various forecasts,and using pro forma financial statements is called

An example of the use of the leader R&D functional strategy to achieve a differentiation competitive advantage is Nike Inc.

Which of the following reflects the impact of industry backgrounds on strategic choices?

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?

The type of marketing strategy in which a company captures a larger share of an existing market for current products through market saturation or market penetration or develops new markets for current products is called

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

A company that pioneers an innovation is called a

A product development strategy deals with pricing,selling,and distributing a product.

Penetration pricing attempts to hasten market development and offers the pioneer the opportunity to use the experience curve to gain market share with a low price and dominate the industry.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

The evaluation of alternative strategies and selection of the best alternative is referred to as

In a leveraged buyout,the acquired company,in effect,pays for its own acquisition.

A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action.

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

Fujitsu demonstrated a follow-the-leader strategy when it imitated IBM's strategy focused on mainframes in 1990.

To avoid the consensus trap,which technique assigns a group or individual to identify potential pitfalls and problems with a proposed alternative strategy in a formal presentation?

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.

When components are standardized and each machine functions like a job shop but is positioned in the same order as the parts are processed,this setup is known as

Distinguish between a market development and a product development strategy.

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

The attractiveness of a strategic alternative is affected by its perceived compatibility with the key stakeholders in a corporation's task environment.

The technique used to help strategic managers choose among alternative choices by defining the task environment,developing a set of various forecasts,and using pro forma financial statements is called

An example of the use of the leader R&D functional strategy to achieve a differentiation competitive advantage is Nike Inc.

Which of the following reflects the impact of industry backgrounds on strategic choices?

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?

The type of marketing strategy in which a company captures a larger share of an existing market for current products through market saturation or market penetration or develops new markets for current products is called

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

A company that pioneers an innovation is called a

A product development strategy deals with pricing,selling,and distributing a product.

Penetration pricing attempts to hasten market development and offers the pioneer the opportunity to use the experience curve to gain market share with a low price and dominate the industry.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters