Question 1

In retailing, the ability of suppliers to support the firm's strategic initiatives is a consideration when evaluating the strategy/demand linkage.

Accepted Answer

A) True 
 B)False  False

Question 2

Environmental forces can be classified as

Accepted Answer

A)  market structure, consumer preferences, technology, and supplier base 
B)  supply, demand, competition, and governmental 
C)  time horizon, break-even point, barriers to entry, pace of change 
D)  product market focus, governmental, organizational boundaries, and demand 
A)  market structure, consumer preferences, technology, and supplier base 
B)  supply, demand, competition, and governmental 
C)  time horizon, break-even point, barriers to entry, pace of change 
D)  product market focus, governmental, organizational boundaries, and demand B

Question 3

One of the factors that influences the scale and timing of market development is the

Accepted Answer

A)  priorities of the Board of Directors 
B)  likelihood of competitive reaction 
C)  product market life cycle 
D)  threat of new entrants 
A)  priorities of the Board of Directors 
B)  likelihood of competitive reaction 
C)  product market life cycle 
D)  threat of new entrants C

Question 4

A macro-environment scan is a search for

Accepted Answer

A)  short-term changes in the external environment 
B)  economic forces with competitive implications 
C)  long-term social, economic, and technical trends 
D)  alignment of strategy with environment 
A)  short-term changes in the external environment 
B)  economic forces with competitive implications 
C)  long-term social, economic, and technical trends 
D)  alignment of strategy with environment

Question 5

An organization's value proposition is based on

Accepted Answer

A)  managerial preferences and organizational capabilities 
B)  competitive pressures and organizational response 
C)  customer appeal and competitive differentiation 
D)  consumer demand and technological solutions 
A)  managerial preferences and organizational capabilities 
B)  competitive pressures and organizational response 
C)  customer appeal and competitive differentiation 
D)  consumer demand and technological solutions

Question 6

The critical issue with technology is often

Accepted Answer

A)  timing 
B)  volume 
C)  ratio of fixed to variable costs 
D)  break-even point 
A)  timing 
B)  volume 
C)  ratio of fixed to variable costs 
D)  break-even point

Question 7

The firm's ability to achieve the target market share is not a consideration when evaluating the break-even point.

Accepted Answer

A) True 
 B)False

Question 8

One of the considerations when testing the strategic proposal competition link is

Accepted Answer

A)  break-even point 
B)  technology 
C)  bargaining power of suppliers 
D)  industry attractiveness 
A)  break-even point 
B)  technology 
C)  bargaining power of suppliers 
D)  industry attractiveness

Question 9

Elements of the profit model used to evaluate strategic proposals include

Accepted Answer

A)  projected revenues, estimated costs, and time line for implementation 
B)  sales target, projected revenues, and potential profits 
C)  investment, projected revenues, and estimated costs 
D)  gross margin, net earnings, and debt/equity ratio 
A)  projected revenues, estimated costs, and time line for implementation 
B)  sales target, projected revenues, and potential profits 
C)  investment, projected revenues, and estimated costs 
D)  gross margin, net earnings, and debt/equity ratio

Question 10

The consequences of not implementing the strategic proposals as planned should be considered a part of the test of strategy-environment linkages.

Accepted Answer

A) True 
 B)False

Question 11

The timing of investment commitments creates differing levels of risk for the firm.

Accepted Answer

A) True 
 B)False

Question 12

A strong performance record suggests the fit between strategy and the environment is marginal.

Accepted Answer

A) True 
 B)False

Question 13

Key questions that help define an organization's relevant environment include

Accepted Answer

A)  managerial preferences and stakeholder interests 
B)  market forces of supply and demand 
C)  goals and objectives of the organization 
D)  mission and organizational capabilities 
A)  managerial preferences and stakeholder interests 
B)  market forces of supply and demand 
C)  goals and objectives of the organization 
D)  mission and organizational capabilities

Question 14

Product market focus is important for evaluating

Accepted Answer

A)  demographic forces 
B)  economic conditions 
C)  consumer demand 
D)  government regulation 
A)  demographic forces 
B)  economic conditions 
C)  consumer demand 
D)  government regulation

Question 15

Growth in demand should be considered when evaluating cost performance goals.

Accepted Answer

A) True 
 B)False

Question 16

In organizations with high fixed costs, operating volumes are a key consideration.

Accepted Answer

A) True 
 B)False

Question 17

The relevant environment for strategic analysis is the organization's

Accepted Answer

A)  competitive sphere 
B)  political jurisdiction 
C)  boundaries 
D)  industry or market segment 
A)  competitive sphere 
B)  political jurisdiction 
C)  boundaries 
D)  industry or market segment

Question 18

Variable costs are tied to

Accepted Answer

A)  exchange rate fluctuations 
B)  the price of raw materials 
C)  supplier margins 
D)  changes in volume 
A)  exchange rate fluctuations 
B)  the price of raw materials 
C)  supplier margins 
D)  changes in volume

Question 19

New technology is often the mechanism used by outsiders to overcome barriers to entry in traditional industries.

Accepted Answer

A) True 
 B)False

Question 20

If an organization's fixed costs are relatively high, then the strategic focus is on

Accepted Answer

A)  minimizing variable costs 
B)  maximizing through-put 
C)  reducing fixed costs 
D)  increasing leverage 
A)  minimizing variable costs 
B)  maximizing through-put 
C)  reducing fixed costs 
D)  increasing leverage

In retailing, the ability of suppliers to support the firm's strategic initiatives is a consideration when evaluating the strategy/demand linkage.

Environmental forces can be classified as

One of the factors that influences the scale and timing of market development is the

A macro-environment scan is a search for

An organization's value proposition is based on

The critical issue with technology is often

The firm's ability to achieve the target market share is not a consideration when evaluating the break-even point.

One of the considerations when testing the strategic proposal competition link is

Elements of the profit model used to evaluate strategic proposals include

The consequences of not implementing the strategic proposals as planned should be considered a part of the test of strategy-environment linkages.

The timing of investment commitments creates differing levels of risk for the firm.

A strong performance record suggests the fit between strategy and the environment is marginal.

Key questions that help define an organization's relevant environment include

Product market focus is important for evaluating

Growth in demand should be considered when evaluating cost performance goals.

In organizations with high fixed costs, operating volumes are a key consideration.

The relevant environment for strategic analysis is the organization's

Variable costs are tied to

New technology is often the mechanism used by outsiders to overcome barriers to entry in traditional industries.

If an organization's fixed costs are relatively high, then the strategic focus is on

A General Management Perspective

Strategy

The Diamond-E Framework

Tools for Environment Analysis

Resource Analysis

Management Preference Analysis

Strategy and Organization

Strategic Choice

Implementing Strategy

Implementing Strategy

Filters

Exam 5: Environment Analysis

In retailing, the ability of suppliers to support the firm's strategic initiatives is a consideration when evaluating the strategy/demand linkage.

Environmental forces can be classified as

One of the factors that influences the scale and timing of market development is the

A macro-environment scan is a search for

An organization's value proposition is based on

The critical issue with technology is often

The firm's ability to achieve the target market share is not a consideration when evaluating the break-even point.

One of the considerations when testing the strategic proposal competition link is

Elements of the profit model used to evaluate strategic proposals include

The consequences of not implementing the strategic proposals as planned should be considered a part of the test of strategy-environment linkages.

The timing of investment commitments creates differing levels of risk for the firm.

A strong performance record suggests the fit between strategy and the environment is marginal.

Key questions that help define an organization's relevant environment include

Product market focus is important for evaluating

Growth in demand should be considered when evaluating cost performance goals.

In organizations with high fixed costs, operating volumes are a key consideration.

The relevant environment for strategic analysis is the organization's

Variable costs are tied to

New technology is often the mechanism used by outsiders to overcome barriers to entry in traditional industries.

If an organization's fixed costs are relatively high, then the strategic focus is on

A General Management Perspective

Strategy

The Diamond-E Framework

Tools for Environment Analysis

Resource Analysis

Management Preference Analysis

Strategy and Organization

Strategic Choice

Implementing Strategy

Implementing Strategy

Filters