Question 1

List the process of strategy implementation.

Accepted Answer

Strategy implementation is a five-step p

Question 2

While conducting a SWOT analysis,the strengths and weaknesses are considered the external environment factors affecting an organization.

Accepted Answer

A) True 
 B)False

Question 3

In the planning process,functional goals and strategies do not need to be consistent with divisional goals and strategies.

Accepted Answer

A) True 
 B)False

Question 4

Two divisions of a company decide to use the same manufacturing facilities to capitalize on the organization's excess capacity and to reduce the fixed costs assigned by corporate headquarters.This is an example of which of the following?

Accepted Answer

A)  Unrelated diversification strategy 
B)  Concentration on a single business 
C)  International expansion 
D)  Focused differentiation strategy 
E)  Synergy 
A)  Unrelated diversification strategy 
B)  Concentration on a single business 
C)  International expansion 
D)  Focused differentiation strategy 
E)  Synergy

Question 5

When an organization enters a new type of industry,which is not similar in any way to the current businesses of the organization,which of the following strategies is the organization pursuing?

Accepted Answer

A)  Concentration on a single business 
B)  Unrelated diversification 
C)  International expansion 
D)  Related diversification 
E)  Vertical integration 
A)  Concentration on a single business 
B)  Unrelated diversification 
C)  International expansion 
D)  Related diversification 
E)  Vertical integration

Question 6

SynVens,a major retail chain in Hungary,is planning to diversify.It plans to enter the textiles industry and aims to be first or second in market share in this industry in five years.Which of the following levels of plan does this strategy fall under?

Accepted Answer

A)  Business-level plan 
B)  Corporate-level plan 
C)  Functional-level plan 
D)  Divisional-level plan 
E)  Departmental-level plan 
A)  Business-level plan 
B)  Corporate-level plan 
C)  Functional-level plan 
D)  Divisional-level plan 
E)  Departmental-level plan

Question 7

BIC,makers of ballpoint pens and razors,concentrates on making its products cheaper than its rivals.Which of the following strategies is BIC pursuing?

Accepted Answer

A)  Focused differentiation strategy 
B)  Diversification strategy 
C)  Differentiation strategy 
D)  Low-cost strategy 
E)  Market development strategy 
A)  Focused differentiation strategy 
B)  Diversification strategy 
C)  Differentiation strategy 
D)  Low-cost strategy 
E)  Market development strategy

Question 8

Give the four major reasons why planning is important.

Accepted Answer

Planning is important for four main reas

Question 9

Which of the following corporate-level strategies becomes appropriate when managers see the need to reduce the size of their organizations to increase performance?

Accepted Answer

A)  Vertical integration 
B)  International expansion 
C)  Diversification 
D)  Market development 
E)  Concentration on a single industry 
A)  Vertical integration 
B)  International expansion 
C)  Diversification 
D)  Market development 
E)  Concentration on a single industry

Question 10

Establishing a wholly owned foreign subsidiary is much more expensive than the other global operations because it requires a higher level of foreign investment and presents managers with many more threats.

Accepted Answer

A) True 
 B)False

Question 11

Top managers are primarily responsible for planning that takes place at the business level of an organization.

Accepted Answer

A) True 
 B)False

Question 12

Corporate-level planning is the primary responsibility of middle management in an organization.

Accepted Answer

A) True 
 B)False

Question 13

Each division's functional managers are responsible for the planning and strategy making necessary to increase the efficiency and effectiveness of their particular function.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is used in situations in which programmed decision making is appropriate?

Accepted Answer

A)  Standing plan 
B)  Scenario plan 
C)  Rolling plan 
D)  Single-use plan 
E)  Tactical plan 
A)  Standing plan 
B)  Scenario plan 
C)  Rolling plan 
D)  Single-use plan 
E)  Tactical plan

Question 15

A broad declaration of an organization's purpose,products,and customers is called a mission statement.

Accepted Answer

A) True 
 B)False

Question 16

The last step in the planning process is to determine an organization's mission and goals.

Accepted Answer

A) True 
 B)False

Question 17

Managers can use four principal corporate-level strategies in order to help their organization to increase its sales and profits.Discuss any two of these strategies and explain the decisions that a manager would have to make in a business in order to design a program that used these two strategies.

Accepted Answer

Managers can concentrate the organizatio

Question 18

The cluster of decisions that managers make to assist an organization to achieve its goals is known as:

Accepted Answer

A)  strategy. 
B)  scenario planning. 
C)  organizing. 
D)  needs assessment. 
E)  related diversification. 
A)  strategy. 
B)  scenario planning. 
C)  organizing. 
D)  needs assessment. 
E)  related diversification.

Question 19

DE Ltd.sets a goal that every product line of the company should be either first or second in its industry in market share.Which of the following levels of organizational strategies does this represent?

Accepted Answer

A)  Corporate-level 
B)  Divisional-level 
C)  Functional-level 
D)  Business-level 
E)  Departmental-level 
A)  Corporate-level 
B)  Divisional-level 
C)  Functional-level 
D)  Business-level 
E)  Departmental-level

Question 20

Which of the following organizational strategies states the methods that a division or organization will use to compete against its rivals in the industry?

Accepted Answer

A)  Functional-level strategy 
B)  Departmental-level strategy 
C)  Corporate-level strategy 
D)  Business-level strategy 
E)  Top-level strategy 
A)  Functional-level strategy 
B)  Departmental-level strategy 
C)  Corporate-level strategy 
D)  Business-level strategy 
E)  Top-level strategy

List the process of strategy implementation.

While conducting a SWOT analysis,the strengths and weaknesses are considered the external environment factors affecting an organization.

In the planning process,functional goals and strategies do not need to be consistent with divisional goals and strategies.

Two divisions of a company decide to use the same manufacturing facilities to capitalize on the organization's excess capacity and to reduce the fixed costs assigned by corporate headquarters.This is an example of which of the following?

When an organization enters a new type of industry,which is not similar in any way to the current businesses of the organization,which of the following strategies is the organization pursuing?

SynVens,a major retail chain in Hungary,is planning to diversify.It plans to enter the textiles industry and aims to be first or second in market share in this industry in five years.Which of the following levels of plan does this strategy fall under?

BIC,makers of ballpoint pens and razors,concentrates on making its products cheaper than its rivals.Which of the following strategies is BIC pursuing?

Give the four major reasons why planning is important.

Which of the following corporate-level strategies becomes appropriate when managers see the need to reduce the size of their organizations to increase performance?

Establishing a wholly owned foreign subsidiary is much more expensive than the other global operations because it requires a higher level of foreign investment and presents managers with many more threats.

Top managers are primarily responsible for planning that takes place at the business level of an organization.

Corporate-level planning is the primary responsibility of middle management in an organization.

Each division's functional managers are responsible for the planning and strategy making necessary to increase the efficiency and effectiveness of their particular function.

Which of the following is used in situations in which programmed decision making is appropriate?

A broad declaration of an organization's purpose,products,and customers is called a mission statement.

The last step in the planning process is to determine an organization's mission and goals.

Managers can use four principal corporate-level strategies in order to help their organization to increase its sales and profits.Discuss any two of these strategies and explain the decisions that a manager would have to make in a business in order to design a program that used these two strategies.

The cluster of decisions that managers make to assist an organization to achieve its goals is known as:

DE Ltd.sets a goal that every product line of the company should be either first or second in its industry in market share.Which of the following levels of organizational strategies does this represent?

Which of the following organizational strategies states the methods that a division or organization will use to compete against its rivals in the industry?

The Management Process Today

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and Processes

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Exam 6: Planning, Strategy, and Competitive Advantage

List the process of strategy implementation.

While conducting a SWOT analysis,the strengths and weaknesses are considered the external environment factors affecting an organization.

In the planning process,functional goals and strategies do not need to be consistent with divisional goals and strategies.

Two divisions of a company decide to use the same manufacturing facilities to capitalize on the organization's excess capacity and to reduce the fixed costs assigned by corporate headquarters.This is an example of which of the following?

When an organization enters a new type of industry,which is not similar in any way to the current businesses of the organization,which of the following strategies is the organization pursuing?

SynVens,a major retail chain in Hungary,is planning to diversify.It plans to enter the textiles industry and aims to be first or second in market share in this industry in five years.Which of the following levels of plan does this strategy fall under?

BIC,makers of ballpoint pens and razors,concentrates on making its products cheaper than its rivals.Which of the following strategies is BIC pursuing?

Give the four major reasons why planning is important.

Which of the following corporate-level strategies becomes appropriate when managers see the need to reduce the size of their organizations to increase performance?

Establishing a wholly owned foreign subsidiary is much more expensive than the other global operations because it requires a higher level of foreign investment and presents managers with many more threats.

Top managers are primarily responsible for planning that takes place at the business level of an organization.

Corporate-level planning is the primary responsibility of middle management in an organization.

Each division's functional managers are responsible for the planning and strategy making necessary to increase the efficiency and effectiveness of their particular function.

Which of the following is used in situations in which programmed decision making is appropriate?

A broad declaration of an organization's purpose,products,and customers is called a mission statement.

The last step in the planning process is to determine an organization's mission and goals.

Managers can use four principal corporate-level strategies in order to help their organization to increase its sales and profits.Discuss any two of these strategies and explain the decisions that a manager would have to make in a business in order to design a program that used these two strategies.

The cluster of decisions that managers make to assist an organization to achieve its goals is known as:

DE Ltd.sets a goal that every product line of the company should be either first or second in its industry in market share.Which of the following levels of organizational strategies does this represent?

Which of the following organizational strategies states the methods that a division or organization will use to compete against its rivals in the industry?

The Management Process Today

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and Processes

Filters