Question 1

The Windows operating system is used in 90% of the world's PCs. Microsoft has an international

Accepted Answer

A)  strength 
B)  weakness 
C)  opportunity 
D)  threat 
E)  competitive disadvantage 
A)  strength 
B)  weakness 
C)  opportunity 
D)  threat 
E)  competitive disadvantage

Question 2

____ are corporate-level strategies for becoming a diversified firm.

Accepted Answer

A)  Internal developments of new products 
B)  Backward vertical integrations 
C)  Mergers 
D)  Acquisitions 
E)  All of these choices 
A)  Internal developments of new products 
B)  Backward vertical integrations 
C)  Mergers 
D)  Acquisitions 
E)  All of these choices

Question 3

Hewlett Packard has a large share of the slowly growing PC market. This is an example of a

Accepted Answer

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

Question 4

The function of accounting and finance in a business that is implementing a differentiation strategy is to control the flow of funds without discouraging the creativity needed to constantly develop new products and services to meet customer needs.

Accepted Answer

A) True 
 B)False

Question 5

Franke, a Swiss manufacturer of sink and facet systems, sold accessories through retail stores and then added Internet sales. Franke used

Accepted Answer

A)  forward vertical integration. 
B)  unrelated diversification. 
C)  backward vertical integration. 
D)  horizontal integration. 
E)  a defender strategy. 
A)  forward vertical integration. 
B)  unrelated diversification. 
C)  backward vertical integration. 
D)  horizontal integration. 
E)  a defender strategy.

Question 6

Starstruck Eateries has been very successful over the years by monitoring what successful restaurants in other cities are doing and copying them. This is known as

Accepted Answer

A)  competitive parity. 
B)  competitive advantage. 
C)  distinctive competence. 
D)  strategic imitation. 
E)  tactical differentiation. 
A)  competitive parity. 
B)  competitive advantage. 
C)  distinctive competence. 
D)  strategic imitation. 
E)  tactical differentiation.

Question 7

Hewlett Packard made PCs. Projected industry sales of smartphones were expected to be almost double expected sales of PCs. HP went through the strategy change process looking first at the content of its strategy. That was

Accepted Answer

A)  strategic marketing. 
B)  tactical implementation. 
C)  strategic formulation. 
D)  corporate strategy. 
E)  strategy implementation. 
A)  strategic marketing. 
B)  tactical implementation. 
C)  strategic formulation. 
D)  corporate strategy. 
E)  strategy implementation.

Question 8

Some firms ____________________ by developing their own new products and services within the boundaries of their traditional business operations.

Accepted Answer

The answer of Some firms ____________________ by developing their own...

Question 9

Apple has a large share of the growing tablet market. Apple is an example of a

Accepted Answer

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

Question 10

A(n) ____ strategy is a pattern of action that develops over time in an organization in the absence of missions and goals, or despite missions and goals.

Accepted Answer

A)  valid 
B)  deliberate 
C)  reliable 
D)  emergent 
E)  synergistic 
A)  valid 
B)  deliberate 
C)  reliable 
D)  emergent 
E)  synergistic

Question 11

____________________ are methods that diversified organizations use to determine which businesses to engage in and how to manage these businesses to maximize corporate performance.

Accepted Answer

Portfolio

Question 12

Which of the following is NOT an international business strategy?

Accepted Answer

A)  Home replication 
B)  Transnational 
C)  Multi-domestic 
D)  Global 
E)  Intercontinental 
A)  Home replication 
B)  Transnational 
C)  Multi-domestic 
D)  Global 
E)  Intercontinental

Question 13

Briefly describe business portfolio analysis using the GE Business Screen.

Accepted Answer

The GE Business Screen, also known as th

Question 14

Strategic formulation is the set of processes involved in executing strategic plans.

Accepted Answer

A) True 
 B)False

Question 15

The ____________________-level strategy is the overall strategy that helps define the mix of industries and markets that are of interest to the firm.

Accepted Answer

The answer of The ____________________-level strategy is the overall strategy...

Question 16

Chaparral Steel is so efficient in its steel production and casting processes that it is the only U.S. steel producer that regularly exports its products to Japan. This is an example of Chaparral Steel's

Accepted Answer

A)  organizational opportunity. 
B)  common strength. 
C)  distinctive competence. 
D)  resource deployment. 
E)  scope. 
A)  organizational opportunity. 
B)  common strength. 
C)  distinctive competence. 
D)  resource deployment. 
E)  scope.

Question 17

____ strategy refers to a mid-range strategy that attempts to move into new market areas at a deliberate and carefully planned pace.

Accepted Answer

A)  Analyzer 
B)  Prospector 
C)  Targeted 
D)  Defender 
E)  Differentiation 
A)  Analyzer 
B)  Prospector 
C)  Targeted 
D)  Defender 
E)  Differentiation

Question 18

Business-level strategy focuses primarily on

Accepted Answer

A)  which markets to enter and how to use the firm's money, people, and physical facilities. 
B)  which markets to enter and in what areas the firm may have a competitive edge. 
C)  which markets to enter and how the parts of the organization enhance the entry. 
D)  the areas in which the firm may have an advantage and how much various organizational parts enhance each other. 
E)  the firm's competitive advantage(s). 
A)  which markets to enter and how to use the firm's money, people, and physical facilities. 
B)  which markets to enter and in what areas the firm may have a competitive edge. 
C)  which markets to enter and how the parts of the organization enhance the entry. 
D)  the areas in which the firm may have an advantage and how much various organizational parts enhance each other. 
E)  the firm's competitive advantage(s).

Question 19

Porter's generic strategies classify firms by which of the following?

Accepted Answer

A)  Stagnant 
B)  Growth 
C)  Declining 
D)  Analyzing 
E)  Focus 
A)  Stagnant 
B)  Growth 
C)  Declining 
D)  Analyzing 
E)  Focus

Question 20

The ____________________ of a firm implementing a differentiation strategy must also emphasize creativity, innovation, and response to customer needs

Accepted Answer

The answer of The ____________________ of a firm implementing a...

The Windows operating system is used in 90% of the world's PCs. Microsoft has an international

____ are corporate-level strategies for becoming a diversified firm.

Hewlett Packard has a large share of the slowly growing PC market. This is an example of a

The function of accounting and finance in a business that is implementing a differentiation strategy is to control the flow of funds without discouraging the creativity needed to constantly develop new products and services to meet customer needs.

Franke, a Swiss manufacturer of sink and facet systems, sold accessories through retail stores and then added Internet sales. Franke used

Starstruck Eateries has been very successful over the years by monitoring what successful restaurants in other cities are doing and copying them. This is known as

Hewlett Packard made PCs. Projected industry sales of smartphones were expected to be almost double expected sales of PCs. HP went through the strategy change process looking first at the content of its strategy. That was

Some firms ____________________ by developing their own new products and services within the boundaries of their traditional business operations.

Apple has a large share of the growing tablet market. Apple is an example of a

A(n) ____ strategy is a pattern of action that develops over time in an organization in the absence of missions and goals, or despite missions and goals.

____________________ are methods that diversified organizations use to determine which businesses to engage in and how to manage these businesses to maximize corporate performance.

Which of the following is NOT an international business strategy?

Briefly describe business portfolio analysis using the GE Business Screen.

Strategic formulation is the set of processes involved in executing strategic plans.

The ____________________-level strategy is the overall strategy that helps define the mix of industries and markets that are of interest to the firm.

Chaparral Steel is so efficient in its steel production and casting processes that it is the only U.S. steel producer that regularly exports its products to Japan. This is an example of Chaparral Steel's

____ strategy refers to a mid-range strategy that attempts to move into new market areas at a deliberate and carefully planned pace.

Business-level strategy focuses primarily on

Porter's generic strategies classify firms by which of the following?

The ____________________ of a firm implementing a differentiation strategy must also emphasize creativity, innovation, and response to customer needs

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters

Exam 7: Managing Strategy and Strategic Planning

The Windows operating system is used in 90% of the world's PCs. Microsoft has an international

____ are corporate-level strategies for becoming a diversified firm.

Hewlett Packard has a large share of the slowly growing PC market. This is an example of a

The function of accounting and finance in a business that is implementing a differentiation strategy is to control the flow of funds without discouraging the creativity needed to constantly develop new products and services to meet customer needs.

Franke, a Swiss manufacturer of sink and facet systems, sold accessories through retail stores and then added Internet sales. Franke used

Starstruck Eateries has been very successful over the years by monitoring what successful restaurants in other cities are doing and copying them. This is known as

Hewlett Packard made PCs. Projected industry sales of smartphones were expected to be almost double expected sales of PCs. HP went through the strategy change process looking first at the content of its strategy. That was

Some firms ____________________ by developing their own new products and services within the boundaries of their traditional business operations.

Apple has a large share of the growing tablet market. Apple is an example of a

A(n) ____ strategy is a pattern of action that develops over time in an organization in the absence of missions and goals, or despite missions and goals.

____________________ are methods that diversified organizations use to determine which businesses to engage in and how to manage these businesses to maximize corporate performance.

Which of the following is NOT an international business strategy?

Briefly describe business portfolio analysis using the GE Business Screen.

Strategic formulation is the set of processes involved in executing strategic plans.

The ____________________-level strategy is the overall strategy that helps define the mix of industries and markets that are of interest to the firm.

Chaparral Steel is so efficient in its steel production and casting processes that it is the only U.S. steel producer that regularly exports its products to Japan. This is an example of Chaparral Steel's

____ strategy refers to a mid-range strategy that attempts to move into new market areas at a deliberate and carefully planned pace.

Business-level strategy focuses primarily on

Porter's generic strategies classify firms by which of the following?

The ____________________ of a firm implementing a differentiation strategy must also emphasize creativity, innovation, and response to customer needs

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters