Question 1

In the BCG matrix, a business unit that has a high anticipated growth rate but a low market share is known as a ________.

Accepted Answer

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

Question 2

A business model describes how a company is going to make money.

Accepted Answer

A) True 
 B)False

Question 3

An organization that grows using ________ focuses on its primary line of business and increases the number of products offered or markets served in this primary business.

Accepted Answer

A)  concentration 
B)  horizontal integration 
C)  vertical integration 
D)  diversification 
A)  concentration 
B)  horizontal integration 
C)  vertical integration 
D)  diversification

Question 4

The final step in the strategic management process is implementing the objectives.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is a competitive force under the five forces model?

Accepted Answer

A)  past rivalry with competitors 
B)  predictable changes in the market 
C)  vertical integration 
D)  threat of substitutes 
A)  past rivalry with competitors 
B)  predictable changes in the market 
C)  vertical integration 
D)  threat of substitutes

Question 6

In a short essay, explain strategic management and why it is important.

Accepted Answer

Strategic management is what managers do

Question 7

Evaluating an organization's intangible assets is part of conducting an internal analysis in the strategic management process.

Accepted Answer

A) True 
 B)False

Question 8

Describe the strategic management process and identify the six stages in the process.

Accepted Answer

The strategic management process is a si

Question 9

Activities that an organization does well or resources that it has available are called capabilities.

Accepted Answer

A) True 
 B)False

Question 10

No matter which business Colleen decides to buy, she intends that each company be a strategic business unit.This means that ________.

Accepted Answer

A)  each company will continue to do what it is currently doing 
B)  each business will be independent and will have its own competitive strategies 
C)  the companies will use concentration strategies that focus on their primary business lines 
D)  the companies will merge by means of vertical integration 
A)  each company will continue to do what it is currently doing 
B)  each business will be independent and will have its own competitive strategies 
C)  the companies will use concentration strategies that focus on their primary business lines 
D)  the companies will merge by means of vertical integration

Question 11

When a company combines with firms in different and dissimilar industries, it indulges in ________.

Accepted Answer

A)  unrelated diversification 
B)  horizontal integration 
C)  vertical integration 
D)  stabilized diversification 
A)  unrelated diversification 
B)  horizontal integration 
C)  vertical integration 
D)  stabilized diversification

Question 12

Managers using the strategic management process always achieve positive outcomes.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

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

Question 14

The first step in the strategic management process is analyzing the external environment.

Accepted Answer

A) True 
 B)False

Question 15

A business broker hears that Colleen is interested in purchasing a business and approaches her with an offer to sell her a company that owns a patent on a new roofing product and who installs this new roofing in the southwestern United States.If she buys this firm, she will be using a(n) ________ strategy.

Accepted Answer

A)  unrelated diversification 
B)  horizontal integration 
C)  vertical integration 
D)  related diversification 
A)  unrelated diversification 
B)  horizontal integration 
C)  vertical integration 
D)  related diversification

Question 16

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

Accepted Answer

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

Question 17

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 18

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

Accepted Answer

A)  first mover 
B)  clicks-and-bricks 
C)  focuser 
D)  brick-and-mortar 
A)  first mover 
B)  clicks-and-bricks 
C)  focuser 
D)  brick-and-mortar

Question 19

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 20

Top-level managers are responsible for ________ strategies.

Accepted Answer

A)  differentiation 
B)  corporate 
C)  competitive 
D)  functional 
A)  differentiation 
B)  corporate 
C)  competitive 
D)  functional

In the BCG matrix, a business unit that has a high anticipated growth rate but a low market share is known as a ________.

A business model describes how a company is going to make money.

An organization that grows using ________ focuses on its primary line of business and increases the number of products offered or markets served in this primary business.

The final step in the strategic management process is implementing the objectives.

Which of the following is a competitive force under the five forces model?

In a short essay, explain strategic management and why it is important.

Evaluating an organization's intangible assets is part of conducting an internal analysis in the strategic management process.

Describe the strategic management process and identify the six stages in the process.

Activities that an organization does well or resources that it has available are called capabilities.

No matter which business Colleen decides to buy, she intends that each company be a strategic business unit.This means that ________.

When a company combines with firms in different and dissimilar industries, it indulges in ________.

Managers using the strategic management process always achieve positive outcomes.

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

The first step in the strategic management process is analyzing the external environment.

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

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

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

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

Top-level managers are responsible for ________ strategies.

Management and Organizations

Understanding Management: Constraints and Challenges

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managers As Decision Makers

Managing Change and Innovation

Foundations of Planning

Managerial Controls

Basic Organizational Design

Adaptive Organizational Design

Managing Human Resources

Managing Teams

Understanding Individual Behavior

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

Exam 9: Strategic Management

In the BCG matrix, a business unit that has a high anticipated growth rate but a low market share is known as a ________.

A business model describes how a company is going to make money.

An organization that grows using ________ focuses on its primary line of business and increases the number of products offered or markets served in this primary business.

The final step in the strategic management process is implementing the objectives.

Which of the following is a competitive force under the five forces model?

In a short essay, explain strategic management and why it is important.

Evaluating an organization's intangible assets is part of conducting an internal analysis in the strategic management process.

Describe the strategic management process and identify the six stages in the process.

Activities that an organization does well or resources that it has available are called capabilities.

No matter which business Colleen decides to buy, she intends that each company be a strategic business unit.This means that ________.

When a company combines with firms in different and dissimilar industries, it indulges in ________.

Managers using the strategic management process always achieve positive outcomes.

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

The first step in the strategic management process is analyzing the external environment.

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

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

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

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

Top-level managers are responsible for ________ strategies.

Management and Organizations

Understanding Management: Constraints and Challenges

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managers As Decision Makers

Managing Change and Innovation

Foundations of Planning

Managerial Controls

Basic Organizational Design

Adaptive Organizational Design

Managing Human Resources

Managing Teams

Understanding Individual Behavior

Managers and Communication

Motivating Employees

Managers As Leaders

Filters