Question 1

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 2

An organization that initially brings a product innovation to the market is known as the ________.

Accepted Answer

A) first mover 
B) free rider 
C) cash cow 
D) question mark 
A) first mover 
B) free rider 
C) cash cow 
D) question mark

Question 3

An organization's financial,physical,human,and intangible assets are known as its ________.

Accepted Answer

A) resources 
B) capabilities 
C) opportunities 
D) core competencies 
A) resources 
B) capabilities 
C) opportunities 
D) core competencies

Question 4

Hendricks Ceramics sells items it buys from ceramic factories.If it were to purchase one of these factories,it would be engaging in ________.

Accepted Answer

A) forward vertical integration 
B) backward vertical integration 
C) horizontal integration 
D) concentrated integration 
A) forward vertical integration 
B) backward vertical integration 
C) horizontal integration 
D) concentrated integration

Question 5

Who targets a narrow market segment with customized products?

Accepted Answer

A) a differentiator 
B) a niche marketer 
C) a focuser 
D) a first mover 
A) a differentiator 
B) a niche marketer 
C) a focuser 
D) a first mover

Question 6

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 7

________ strategies address declining performance through retrenchment and turnaround strategies.

Accepted Answer

A) Renewal 
B) Stability 
C) Growth 
D) Functional 
A) Renewal 
B) Stability 
C) Growth 
D) Functional

Question 8

________ 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 9

When the price of beef skyrockets,consumers switch to pork and chicken.This demonstrates ________.

Accepted Answer

A) the threat of new entrants 
B) the threat of substitutes 
C) the bargaining power of buyers 
D) the bargaining power of suppliers 
A) the threat of new entrants 
B) the threat of substitutes 
C) the bargaining power of buyers 
D) the bargaining power of suppliers

Question 10

A business model describes how a company is going to make money and what it is going to do with it.

Accepted Answer

A) True 
 B)False

Question 11

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

Question 12

Lower-level managers are responsible for ________ strategies.

Accepted Answer

A) functional 
B) stability 
C) corporate 
D) operating 
A) functional 
B) stability 
C) corporate 
D) operating

Question 13

Exceptional or unique organizational resources are known as core capabilities.

Accepted Answer

A) True 
 B)False

Question 14

Casey realizes that she has a personal characteristic that suggests she is not comfortable interacting with strangers.She interprets this as a(n)________ if she is to get a job as a salesperson.

Accepted Answer

A) threat 
B) strength 
C) weakness 
D) opportunity 
A) threat 
B) strength 
C) weakness 
D) opportunity

Question 15

In the BCG matrix,a ________ has a low anticipated growth rate and a low market share.

Accepted Answer

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

Question 16

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

Accepted Answer

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

Question 17

Corporate strategies determine what business a company is in or wants to be in,and what it wants to do with those businesses.

Accepted Answer

A) True 
 B)False

Question 18

A SWOT analysis includes an analysis of an organization's environmental opportunities and threats.

Accepted Answer

A) True 
 B)False

Question 19

In an organization,the single independent businesses which formulate their own competitive strategies are known as ________.

Accepted Answer

A) strategic growth units 
B) strategic business units 
C) strategic profit units 
D) service units 
A) strategic growth units 
B) strategic business units 
C) strategic profit units 
D) service units

Question 20

Every fast food hamburger restaurant chain wants you to believe their product is the best because it is stored or prepared uniquely.Each of these is pursuing a ________.

Accepted Answer

A) low cost leadership strategy 
B) differentiation strategy 
C) focus strategy 
D) quality strategy 
A) low cost leadership strategy 
B) differentiation strategy 
C) focus strategy 
D) quality strategy

Defining the organizational mission forces managers to identify ________.

An organization that initially brings a product innovation to the market is known as the ________.

An organization's financial,physical,human,and intangible assets are known as its ________.

Hendricks Ceramics sells items it buys from ceramic factories.If it were to purchase one of these factories,it would be engaging in ________.

Who targets a narrow market segment with customized products?

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

________ strategies address declining performance through retrenchment and turnaround strategies.

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

When the price of beef skyrockets,consumers switch to pork and chicken.This demonstrates ________.

A business model describes how a company is going to make money and what it is going to do with it.

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

Lower-level managers are responsible for ________ strategies.

Exceptional or unique organizational resources are known as core capabilities.

Casey realizes that she has a personal characteristic that suggests she is not comfortable interacting with strangers.She interprets this as a(n)________ if she is to get a job as a salesperson.

In the BCG matrix,a ________ has a low anticipated growth rate and a low market share.

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

Corporate strategies determine what business a company is in or wants to be in,and what it wants to do with those businesses.

A SWOT analysis includes an analysis of an organization's environmental opportunities and threats.

In an organization,the single independent businesses which formulate their own competitive strategies are known as ________.

Every fast food hamburger restaurant chain wants you to believe their product is the best because it is stored or prepared uniquely.Each of these is pursuing a ________.

Managers in the Workplace

Managers As Decision Makers

Managing the External Environment and the Organizations Culture

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Designing Organizational Structure - Basic Designs

Designing Organizational - Structure Adaptive Design

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters

Exam 9: Managing Strategy

Defining the organizational mission forces managers to identify ________.

An organization that initially brings a product innovation to the market is known as the ________.

An organization's financial,physical,human,and intangible assets are known as its ________.

Hendricks Ceramics sells items it buys from ceramic factories.If it were to purchase one of these factories,it would be engaging in ________.

Who targets a narrow market segment with customized products?

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

________ strategies address declining performance through retrenchment and turnaround strategies.

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

When the price of beef skyrockets,consumers switch to pork and chicken.This demonstrates ________.

A business model describes how a company is going to make money and what it is going to do with it.

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

Lower-level managers are responsible for ________ strategies.

Exceptional or unique organizational resources are known as core capabilities.

Casey realizes that she has a personal characteristic that suggests she is not comfortable interacting with strangers.She interprets this as a(n)________ if she is to get a job as a salesperson.

In the BCG matrix,a ________ has a low anticipated growth rate and a low market share.

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

Corporate strategies determine what business a company is in or wants to be in,and what it wants to do with those businesses.

A SWOT analysis includes an analysis of an organization's environmental opportunities and threats.

In an organization,the single independent businesses which formulate their own competitive strategies are known as ________.

Every fast food hamburger restaurant chain wants you to believe their product is the best because it is stored or prepared uniquely.Each of these is pursuing a ________.

Managers in the Workplace

Managers As Decision Makers

Managing the External Environment and the Organizations Culture

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Designing Organizational Structure - Basic Designs

Designing Organizational - Structure Adaptive Design

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters