Exam 1: The Strategy Experience Phase 1

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Which TWO of the following are the most important Corporate Social Responsibility (CSR) issues for WSRX to deal with?

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(Multiple Choice)
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B,E

Match the following analysis techniques to the most appropriate strategic issue.
Value chain analysis
Understanding where agencies create competitive advantage through their activities
Stakeholder analysis
Understanding the competitive threats faced by agencies within their markets
Strategic group analysis
Understanding the basis of competition within the industry and which agencies compete most closely with each other
Correct Answer:
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Premises:
Responses:
Value chain analysis
Understanding where agencies create competitive advantage through their activities
Stakeholder analysis
Understanding the competitive threats faced by agencies within their markets
Strategic group analysis
Understanding the basis of competition within the industry and which agencies compete most closely with each other
5 Forces analysis
Understanding the expectations and influence of different interest groups within, and external to, the agencies.
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WSRX has a better than average score on which of the following NFPIs?

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D

WSRX's initial current ratio is which of the following?

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Which TWO of the following are reasons for brands becoming more important for fmcgs?

(Multiple Choice)
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Match the following terms to the most appropriate definition.
Lobbying
The practice of building longer term value by increasing customer retention and satisfaction.
Relationship Marketing
The practice of managing the flow of information between an organisation and the different groups it interacts with.
Direct Marketing
The practice of influencing decisions made by Governments and other decision makers.
Correct Answer:
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Premises:
Responses:
Lobbying
The practice of building longer term value by increasing customer retention and satisfaction.
Relationship Marketing
The practice of managing the flow of information between an organisation and the different groups it interacts with.
Direct Marketing
The practice of influencing decisions made by Governments and other decision makers.
Public Relations
The practice of sending marketing messages to customers without intervening media and these messages are focussed on driving sales by eliciting sales responses.
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A 'value based' compensation system for advertising agencies involves which of the following?

(Multiple Choice)
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Match the following PESTEL elements to the environmental change they are most closely related to.
Political
The growth of opportunities in Eastern Europe as the EU expands
Technological
The growing importance of the 'grey' market
Economic
The growing use of digital media and the internet by target customers
Correct Answer:
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Premises:
Responses:
Political
The growth of opportunities in Eastern Europe as the EU expands
Technological
The growing importance of the 'grey' market
Economic
The growing use of digital media and the internet by target customers
Social
The threat of a prolonged reduction in the GDPs of economies in the West.
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Which TWO of the following changes are most likely to have an adverse impact on WRSX's opportunities in the external environment?

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WRSX has a good reputation in which THREE of the following sectors?

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Compared to the industry average, WSRX's initial financial position shows which of the following?

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Which THREE countries/regions offer the most important growth opportunities for WRSX in the next decade?

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