Question 1

The organization's ability to complete or reach goals is referred to as

Accepted Answer

A)  efficiency. 
B)  effectiveness. 
C)  productivity. 
D)  stability. 
E)  None of the answer choices is correct. 
A)  efficiency. 
B)  effectiveness. 
C)  productivity. 
D)  stability. 
E)  None of the answer choices is correct.

Question 2

Starting a business from the ground up is referred to as

Accepted Answer

A)  product development. 
B)  market development. 
C)  strategic development. 
D)  internal development. 
E)  None of the answer choices is correct. 
A)  product development. 
B)  market development. 
C)  strategic development. 
D)  internal development. 
E)  None of the answer choices is correct.

Question 3

A multiple-business organization operates only in one industry.

Accepted Answer

A) True 
 B)False

Question 4

Diversifying into a completely different industry from the organization's current operations is referred to as

Accepted Answer

A)  concentric diversification. 
B)  vertical diversification. 
C)  conglomerate diversification. 
D)  horizontal diversification. 
E)  related diversification. 
A)  concentric diversification. 
B)  vertical diversification. 
C)  conglomerate diversification. 
D)  horizontal diversification. 
E)  related diversification.

Question 5

________ are usually "friendly."

Accepted Answer

A)  Mergers 
B)  Acquisitions 
C)  Takeovers 
D)  Buyouts 
E)  Hostile takeovers. 
A)  Mergers 
B)  Acquisitions 
C)  Takeovers 
D)  Buyouts 
E)  Hostile takeovers.

Question 6

One example of a possible corporate strategic direction is increasing its level of operations.

Accepted Answer

A) True 
 B)False

Question 7

The McKinsey-GE Spotlight matrix is also known as the growth-share matrix.

Accepted Answer

A) True 
 B)False

Question 8

Mr. Wilson is thinking about concentrating on his primary line of business and looking for ways to meet its growth goals by expanding its core business. Which of the below strategies is Mr. Wilson following here?

Accepted Answer

A)  International 
B)  Vertical integration 
C)  Diversification 
D)  Concentration 
E)  Horizontal integration 
A)  International 
B)  Vertical integration 
C)  Diversification 
D)  Concentration 
E)  Horizontal integration

Question 9

An attempt by the organization to increase sales of its current product(s)in its current market(s)is referred to as

Accepted Answer

A)  product-market exploitation. 
B)  product development. 
C)  market development. 
D)  product-market diversification. 
E)  None of the answer choices is correct. 
A)  product-market exploitation. 
B)  product development. 
C)  market development. 
D)  product-market diversification. 
E)  None of the answer choices is correct.

Question 10

The primary reason that an organization would pursue a diversification strategy is to

Accepted Answer

A)  decrease operational costs. 
B)  better defend itself in a price war. 
C)  achieve synergy. 
D)  increase customer use. 
E)  None of the above is correct. 
A)  decrease operational costs. 
B)  better defend itself in a price war. 
C)  achieve synergy. 
D)  increase customer use. 
E)  None of the above is correct.

Question 11

A business unit with low relative market share and low industry growth rate is referred to as a

Accepted Answer

A)  dog. 
B)  cash cow. 
C)  cat. 
D)  question mark. 
E)  star. 
A)  dog. 
B)  cash cow. 
C)  cat. 
D)  question mark. 
E)  star.

Question 12

Mr. Wilson has been reading about consumers' strong likelihood of paying for the convenience of having multiple products available in one location. Mr. Wilson is considering adding an extensive, full line of Italian foods and wines to add to his furniture line. Which of the below strategies is Mr. Wilson following here?

Accepted Answer

A)  International 
B)  Backward vertical integration 
C)  Related diversification 
D)  Concentration 
E)  Unrelated diversification 
A)  International 
B)  Backward vertical integration 
C)  Related diversification 
D)  Concentration 
E)  Unrelated diversification

Question 13

One drawback of the concentration strategy is that the organization is vulnerable to industry and other external environmental shifts.

Accepted Answer

A) True 
 B)False

Question 14

What are the costs of vertical integration?

Accepted Answer

Reduced flexibility as organiz

Question 15

The main causes of corporate performance include all the following except

Accepted Answer

A)  inadequate financial controls. 
B)  uncontrollable costs or too high costs. 
C)  new competitors. 
D)  underexpansion or too slow growth. 
E)  unpredicted shifts in consumer demand. 
A)  inadequate financial controls. 
B)  uncontrollable costs or too high costs. 
C)  new competitors. 
D)  underexpansion or too slow growth. 
E)  unpredicted shifts in consumer demand.

Question 16

What are some recommendations for handling downsizing strategies?

Accepted Answer

Communicate openly and honestly about ne

Question 17

A reengineering strategy is one that involves the attainment of specific growth objectives by increasing the level of an organization's operations.

Accepted Answer

A) True 
 B)False

Question 18

The product-market exploitation operation describes attempts by the organization to increase the number of markets to increase the product sales.

Accepted Answer

A) True 
 B)False

Question 19

For corporate growth strategies, the options for implementation are

Accepted Answer

A)  diversification, concentration, and international. 
B)  mergers/acquisitions, internal development, and strategic partnering. 
C)  cost leadership, differentiation, and focus. 
D)  offensive, defensive, and concentration. 
E)  None of the above is correct. 
A)  diversification, concentration, and international. 
B)  mergers/acquisitions, internal development, and strategic partnering. 
C)  cost leadership, differentiation, and focus. 
D)  offensive, defensive, and concentration. 
E)  None of the above is correct.

Question 20

The product-market evolution matrix is based on the

Accepted Answer

A)  industry analysis. 
B)  product life cycle. 
C)  internal strengths and weaknesses. 
D)  opportunities and threats. 
E)  None of the answer choices is correct. 
A)  industry analysis. 
B)  product life cycle. 
C)  internal strengths and weaknesses. 
D)  opportunities and threats. 
E)  None of the answer choices is correct.

The organization's ability to complete or reach goals is referred to as

Starting a business from the ground up is referred to as

A multiple-business organization operates only in one industry.

Diversifying into a completely different industry from the organization's current operations is referred to as

________ are usually "friendly."

One example of a possible corporate strategic direction is increasing its level of operations.

The McKinsey-GE Spotlight matrix is also known as the growth-share matrix.

Mr. Wilson is thinking about concentrating on his primary line of business and looking for ways to meet its growth goals by expanding its core business. Which of the below strategies is Mr. Wilson following here?

An attempt by the organization to increase sales of its current product(s)in its current market(s)is referred to as

The primary reason that an organization would pursue a diversification strategy is to

A business unit with low relative market share and low industry growth rate is referred to as a

One drawback of the concentration strategy is that the organization is vulnerable to industry and other external environmental shifts.

What are the costs of vertical integration?

The main causes of corporate performance include all the following except

What are some recommendations for handling downsizing strategies?

A reengineering strategy is one that involves the attainment of specific growth objectives by increasing the level of an organization's operations.

The product-market exploitation operation describes attempts by the organization to increase the number of markets to increase the product sales.

For corporate growth strategies, the options for implementation are

The product-market evolution matrix is based on the

Introducing the Concepts

The Context of Managing Strategically

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

International Strategies

Module Special Topics in Strategy

Filters

Exam 6: Corporate Strategies

The organization's ability to complete or reach goals is referred to as

Starting a business from the ground up is referred to as

A multiple-business organization operates only in one industry.

Diversifying into a completely different industry from the organization's current operations is referred to as

________ are usually "friendly."

One example of a possible corporate strategic direction is increasing its level of operations.

The McKinsey-GE Spotlight matrix is also known as the growth-share matrix.

Mr. Wilson is thinking about concentrating on his primary line of business and looking for ways to meet its growth goals by expanding its core business. Which of the below strategies is Mr. Wilson following here?

An attempt by the organization to increase sales of its current product(s)in its current market(s)is referred to as

The primary reason that an organization would pursue a diversification strategy is to

A business unit with low relative market share and low industry growth rate is referred to as a

One drawback of the concentration strategy is that the organization is vulnerable to industry and other external environmental shifts.

What are the costs of vertical integration?

The main causes of corporate performance include all the following except

What are some recommendations for handling downsizing strategies?

A reengineering strategy is one that involves the attainment of specific growth objectives by increasing the level of an organization's operations.

The product-market exploitation operation describes attempts by the organization to increase the number of markets to increase the product sales.

For corporate growth strategies, the options for implementation are

The product-market evolution matrix is based on the

Introducing the Concepts

The Context of Managing Strategically

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

International Strategies

Module Special Topics in Strategy

Filters