Exam 9: Managing Strategy

Florance is a chain of flower shops in the Chicago area. The company recently acquired Knick-knacks, which owns three gift shops. Which of the following is most similar to this acquisition?

(Multiple Choice)

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Question 61

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

(Multiple Choice)

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Question 62

The major value-creating capabilities of the organization are known as its ________.

(Multiple Choice)

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Question 63

Innovation can help firms achieve a differentiation competitive strategy.

(True/False)

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Question 64

When a firm integrates backward, it becomes its own distributor.

(True/False)

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Question 65

Discuss the methods by which an organization grows. Give relevant examples.

(Essay)

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Question 66

Patrick expects each person he hires for his online business to be involved in studying trends involving new technology, competitors, and customers. These employees are involved in ________.

(Multiple Choice)

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Question 67

________ strategies address declining performance through retrenchment and turnaround strategies.

(Multiple Choice)

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Question 68

Lower-level managers are responsible for ________ strategies.

(Multiple Choice)

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Question 69

In ________, a company grows by combining with competitors.

(Multiple Choice)

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Question 70

People's Airlines offers what it calls "no frills" flights: no reserved seating, no snacks or meals on flights, small planes that fly to smaller airports away from the city centers. People's Airlines is likely following a ________ strategy.

(Multiple Choice)

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Question 71

A ________ strategy is used to deal with minor performance problems. It helps an organization stabilize operations, revitalize organizational resources and capabilities, and prepare to compete once again.

(Multiple Choice)

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Question 72

A ________ firm uses both online and traditional stand-alone locations.

(Multiple Choice)

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Question 73

________ are positive trends in the external environment.

(Multiple Choice)

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Question 74

Bella Vista Clothing targets teenage girls with a range of affordable ready-to-wear clothing. The company is opening two new outlets, as sales have been excellent. Which one of the following represents a strength for the company?

(Multiple Choice)

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Question 75

Organizations grow by using strategies of ________.

(Multiple Choice)

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Question 76

When used to connect with customers or to connect employees with co-workers in other locations, social media ________.

(Multiple Choice)

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Question 77

A company that competes by offering unique products that are widely valued by customers is following a ________.

(Multiple Choice)

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Question 78

Strategic management involves only the planning function.

(True/False)

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Question 79

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

(Multiple Choice)

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Question 80

Showing 61 - 80 of 131

Florance is a chain of flower shops in the Chicago area. The company recently acquired Knick-knacks, which owns three gift shops. Which of the following is most similar to this acquisition?

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

The major value-creating capabilities of the organization are known as its ________.

Innovation can help firms achieve a differentiation competitive strategy.

When a firm integrates backward, it becomes its own distributor.

Discuss the methods by which an organization grows. Give relevant examples.

Patrick expects each person he hires for his online business to be involved in studying trends involving new technology, competitors, and customers. These employees are involved in ________.

________ strategies address declining performance through retrenchment and turnaround strategies.

Lower-level managers are responsible for ________ strategies.

In ________, a company grows by combining with competitors.

People's Airlines offers what it calls "no frills" flights: no reserved seating, no snacks or meals on flights, small planes that fly to smaller airports away from the city centers. People's Airlines is likely following a ________ strategy.

A ________ strategy is used to deal with minor performance problems. It helps an organization stabilize operations, revitalize organizational resources and capabilities, and prepare to compete once again.

A ________ firm uses both online and traditional stand-alone locations.

________ are positive trends in the external environment.

Bella Vista Clothing targets teenage girls with a range of affordable ready-to-wear clothing. The company is opening two new outlets, as sales have been excellent. Which one of the following represents a strength for the company?

Organizations grow by using strategies of ________.

When used to connect with customers or to connect employees with co-workers in other locations, social media ________.

A company that competes by offering unique products that are widely valued by customers is following a ________.

Strategic management involves only the planning function.

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

Managers and You in the Workplace

Making Decisions

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

Entrepreneurial Ventures

Designing Organizational Structure

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

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