Question 1

Businesses or products with low-market shares in high-growth markets are referred to as _____ in the BCG Matrix.

Accepted Answer

A)  Cash Cows 
B)  Stars 
C)  Question Marks 
D)  Dogs 
E)  Apples 
A)  Cash Cows 
B)  Stars 
C)  Question Marks 
D)  Dogs 
E)  Apples

Question 2

Growth through _____ typically occurs by acquiring suppliers or distributors.

Accepted Answer

A)  strategic alliance 
B)  vertical integration 
C)  liquidation 
D)  divestiture 
E)  concentration 
A)  strategic alliance 
B)  vertical integration 
C)  liquidation 
D)  divestiture 
E)  concentration

Question 3

____ leadership inspires people to continuously change, refine, and improve strategies and their implementation.

Accepted Answer

The answer of ____ leadership inspires people to continuously change,...

Question 4

If a company focuses on helping to preserve, not exploit, the environment, the company is typically operating with the ____ objective.

Accepted Answer

A)  Cost efficiency 
B)  Financial health 
C)  Profitability 
D)  Social responsibility 
E)  Sustainability 
A)  Cost efficiency 
B)  Financial health 
C)  Profitability 
D)  Social responsibility 
E)  Sustainability

Question 5

The transnational strategy focuses on working with rivals on projects of mutual benefit.

Accepted Answer

A) True 
 B)False

Question 6

The strategy of working with rivals on projects of mutual benefit is referred to as _____.

Accepted Answer

A)  downsizing 
B)  turnaround 
C)  divestiture 
D)  vertical integration 
E)  co-opetition 
A)  downsizing 
B)  turnaround 
C)  divestiture 
D)  vertical integration 
E)  co-opetition

Question 7

Which of the following is true of a cost leadership strategy?

Accepted Answer

A)  It seeks competitive advantage through uniqueness. 
B)  It works best with the product differentiation strategy. 
C)  To succeed, it requires tight cost and managerial controls. 
D)  It concentrates on serving a unique market segment better. 
E)  It involves working with rivals on projects of mutual benefit. 
A)  It seeks competitive advantage through uniqueness. 
B)  It works best with the product differentiation strategy. 
C)  To succeed, it requires tight cost and managerial controls. 
D)  It concentrates on serving a unique market segment better. 
E)  It involves working with rivals on projects of mutual benefit.

Question 8

If a company focuses on producing high-quality goods or services, the company is typically operating with the ____ objective.

Accepted Answer

A)  Customer service 
B)  Human talent 
C)  Innovation 
D)  Market share 
E)  Product quality 
A)  Customer service 
B)  Human talent 
C)  Innovation 
D)  Market share 
E)  Product quality

Question 9

_____ are broad beliefs about what is or is not appropriate behavior.

Accepted Answer

A)  Corporate subcultures 
B)  Marketing values 
C)  Core values 
D)  Diversified values 
E)  Functional values 
A)  Corporate subcultures 
B)  Marketing values 
C)  Core values 
D)  Diversified values 
E)  Functional values

Question 10

If a company focuses on gaining a specific share of possible customers, the company is typically operating with the ____ objective.

Accepted Answer

A)  Customer service 
B)  Human talent 
C)  Innovation 
D)  Market share 
E)  Product quality 
A)  Customer service 
B)  Human talent 
C)  Innovation 
D)  Market share 
E)  Product quality

Question 11

If a company focuses on acquiring capital and earning positive turns on those investments, the company is typically operating with the ____ objective.

Accepted Answer

A)  Cost efficiency 
B)  Financial health 
C)  Profitability 
D)  Social responsibility 
E)  Sustainability 
A)  Cost efficiency 
B)  Financial health 
C)  Profitability 
D)  Social responsibility 
E)  Sustainability

Question 12

A(n) ____ strategy identifies how a division or strategic business unit will compete in its product or service domain.

Accepted Answer

The answer of A(n) ____ strategy identifies how a division...

Question 13

Businesses or products with low-market shares in low-growth markets are referred to as _____ in the BCG Matrix.

Accepted Answer

A)  Cash Cows 
B)  Stars 
C)  Question Marks 
D)  Dogs 
E)  Apples 
A)  Cash Cows 
B)  Stars 
C)  Question Marks 
D)  Dogs 
E)  Apples

Question 14

A growth strategy involves ____ of the organization's current operations.

Accepted Answer

The answer of A growth strategy involves ____ of the...

Question 15

In a supplier alliance, firms join together to sell and distribute products or services.

Accepted Answer

A) True 
 B)False

Question 16

The entire process of formulating and implementing strategies to accomplish long-term goals and sustain competitive advantage is referred to as:

Accepted Answer

A)  strategic analysis. 
B)  strategy formulation. 
C)  strategy implementation. 
D)  strategic management. 
E)  strategic outsourcing. 
A)  strategic analysis. 
B)  strategy formulation. 
C)  strategy implementation. 
D)  strategic management. 
E)  strategic outsourcing.

Question 17

Inside directors are chosen from the ranks of middle managers.

Accepted Answer

A) True 
 B)False

Question 18

According to Porter, which of the following reflects the intensity of the rivalry?

Accepted Answer

A)  Bargaining power of intermediaries 
B)  Industry competition 
C)  Market growth rate 
D)  Substitute products 
E)  Workplace diversity 
A)  Bargaining power of intermediaries 
B)  Industry competition 
C)  Market growth rate 
D)  Substitute products 
E)  Workplace diversity

Question 19

_____ analyzes business opportunities according to market growth rate and market share.

Accepted Answer

A)  Flanking strategy 
B)  BCG matrix 
C)  Five Forces analysis 
D)  Strategy formulation 
E)  Logistics plan 
A)  Flanking strategy 
B)  BCG matrix 
C)  Five Forces analysis 
D)  Strategy formulation 
E)  Logistics plan

Question 20

A lack of participation error is most likely to occur when:

Accepted Answer

A)  the planning process becomes an end in itself. 
B)  the performance of top management is not monitored. 
C)  key persons are not included in the strategic planning. 
D)  there is lack of efficiency in vertical communication. 
E)  the cost leadership strategy and the differentiation strategy are used simultaneously. 
A)  the planning process becomes an end in itself. 
B)  the performance of top management is not monitored. 
C)  key persons are not included in the strategic planning. 
D)  there is lack of efficiency in vertical communication. 
E)  the cost leadership strategy and the differentiation strategy are used simultaneously.

Businesses or products with low-market shares in high-growth markets are referred to as _____ in the BCG Matrix.

Growth through _____ typically occurs by acquiring suppliers or distributors.

____ leadership inspires people to continuously change, refine, and improve strategies and their implementation.

If a company focuses on helping to preserve, not exploit, the environment, the company is typically operating with the ____ objective.

The transnational strategy focuses on working with rivals on projects of mutual benefit.

The strategy of working with rivals on projects of mutual benefit is referred to as _____.

Which of the following is true of a cost leadership strategy?

If a company focuses on producing high-quality goods or services, the company is typically operating with the ____ objective.

_____ are broad beliefs about what is or is not appropriate behavior.

If a company focuses on gaining a specific share of possible customers, the company is typically operating with the ____ objective.

If a company focuses on acquiring capital and earning positive turns on those investments, the company is typically operating with the ____ objective.

A(n) ____ strategy identifies how a division or strategic business unit will compete in its product or service domain.

Businesses or products with low-market shares in low-growth markets are referred to as _____ in the BCG Matrix.

A growth strategy involves ____ of the organization's current operations.

In a supplier alliance, firms join together to sell and distribute products or services.

The entire process of formulating and implementing strategies to accomplish long-term goals and sustain competitive advantage is referred to as:

Inside directors are chosen from the ranks of middle managers.

According to Porter, which of the following reflects the intensity of the rivalry?

_____ analyzes business opportunities according to market growth rate and market share.

A lack of participation error is most likely to occur when:

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Control Processes and Systems

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

Exam 10: Strategy and Strategic Management

Businesses or products with low-market shares in high-growth markets are referred to as _____ in the BCG Matrix.

Growth through _____ typically occurs by acquiring suppliers or distributors.

____ leadership inspires people to continuously change, refine, and improve strategies and their implementation.

If a company focuses on helping to preserve, not exploit, the environment, the company is typically operating with the ____ objective.

The transnational strategy focuses on working with rivals on projects of mutual benefit.

The strategy of working with rivals on projects of mutual benefit is referred to as _____.

Which of the following is true of a cost leadership strategy?

If a company focuses on producing high-quality goods or services, the company is typically operating with the ____ objective.

_____ are broad beliefs about what is or is not appropriate behavior.

If a company focuses on gaining a specific share of possible customers, the company is typically operating with the ____ objective.

If a company focuses on acquiring capital and earning positive turns on those investments, the company is typically operating with the ____ objective.

A(n) ____ strategy identifies how a division or strategic business unit will compete in its product or service domain.

Businesses or products with low-market shares in low-growth markets are referred to as _____ in the BCG Matrix.

A growth strategy involves ____ of the organization's current operations.

In a supplier alliance, firms join together to sell and distribute products or services.

The entire process of formulating and implementing strategies to accomplish long-term goals and sustain competitive advantage is referred to as:

Inside directors are chosen from the ranks of middle managers.

According to Porter, which of the following reflects the intensity of the rivalry?

_____ analyzes business opportunities according to market growth rate and market share.

A lack of participation error is most likely to occur when:

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Control Processes and Systems

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters