Question 1

At the functional level,the business-level plan provides the framework within which functional managers devise their plans.

Accepted Answer

A) True 
 B)False

Question 2

Unilever sells different products using a different marketing approach in England than it uses when marketing these products in the United States.This is an example of which of the following strategies?

Accepted Answer

A)  Vertical integration 
B)  Focused low-cost strategy 
C)  Global strategy 
D)  Multidomestic strategy 
E)  Unrelated diversification 
A)  Vertical integration 
B)  Focused low-cost strategy 
C)  Global strategy 
D)  Multidomestic strategy 
E)  Unrelated diversification

Question 3

While conducting a SWOT analysis,"an obsolete,narrow product line" would be categorized under which of the following?

Accepted Answer

A)  Strength 
B)  Weakness 
C)  Opportunity 
D)  Threat 
E)  Alternative 
A)  Strength 
B)  Weakness 
C)  Opportunity 
D)  Threat 
E)  Alternative

Question 4

Explain briefly the three levels and three steps in the planning and strategy-making process.Also mention how they are linked with each other.

Accepted Answer

In large organizations planning usually

Question 5

A strategic alliance can take the form of a written contract between two or more companies to exchange resources,or it can result in the creation of a new organization.

Accepted Answer

A) True 
 B)False

Question 6

An organization attempts to succeed by distinguishing its products from those of the competition.Which of the following strategies is the organization using?

Accepted Answer

A)  Differentiation strategy 
B)  Low-cost strategy 
C)  Related diversification strategy 
D)  Unrelated diversification strategy 
E)  Market development strategy 
A)  Differentiation strategy 
B)  Low-cost strategy 
C)  Related diversification strategy 
D)  Unrelated diversification strategy 
E)  Market development strategy

Question 7

Franchising is pursued primarily by manufacturing companies.

Accepted Answer

A) True 
 B)False

Question 8

A group of managers at Power Explosives analyzes both the internal strengths and weaknesses of their organization as well as the opportunities and threats of the external environment.Which of the following planning exercises does this indicate?

Accepted Answer

A)  Mission analysis 
B)  SWOT analysis 
C)  Functional analysis 
D)  Diversification 
E)  Related Diversification 
A)  Mission analysis 
B)  SWOT analysis 
C)  Functional analysis 
D)  Diversification 
E)  Related Diversification

Question 9

Strategy formulation begins with managers systematically analyzing the factors inside an organization and outside in the global environment that affect the organization's ability to meet its goals now and in the future.

Accepted Answer

A) True 
 B)False

Question 10

Another name for the business level of the organization is:

Accepted Answer

A)  functional level. 
B)  department level. 
C)  corporate level. 
D)  divisional level. 
E)  first-line level. 
A)  functional level. 
B)  department level. 
C)  corporate level. 
D)  divisional level. 
E)  first-line level.

Question 11

When Procter & Gamble uses the same distribution system to deliver its oral care products and its hair care products to drugstore chains,this is an example of:

Accepted Answer

A)  synergy. 
B)  focused differentiation strategy. 
C)  diversification strategy. 
D)  unrelated diversification strategy. 
E)  differentiation strategy. 
A)  synergy. 
B)  focused differentiation strategy. 
C)  diversification strategy. 
D)  unrelated diversification strategy. 
E)  differentiation strategy.

Question 12

BMW produces cars exclusively for high-income customers.Which of the following strategies is BMW pursuing?

Accepted Answer

A)  Focused differentiation 
B)  Focused low-cost 
C)  Diversification 
D)  Low-cost 
E)  Differentiation 
A)  Focused differentiation 
B)  Focused low-cost 
C)  Diversification 
D)  Low-cost 
E)  Differentiation

Question 13

Which of the following organizational strategies specifies the activities of managers at the departmental level of the organization?

Accepted Answer

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

Question 14

A business plan that is updated every year depending on the changes in an organization and in the external environment that have taken place in the previous year is known as a standing plan.

Accepted Answer

A) True 
 B)False

Question 15

Frame Corporation updates its five-year plan annually to take into account changing conditions within the organization and in the organization's external environment.Which of the following best explains this plan implemented by Frame Corporation?

Accepted Answer

A)  Standing plan 
B)  Short-term plan 
C)  Rolling plan 
D)  Single-use plan 
E)  Standard operating plan 
A)  Standing plan 
B)  Short-term plan 
C)  Rolling plan 
D)  Single-use plan 
E)  Standard operating plan

Question 16

An organization purchases one of its suppliers in order to obtain access to the raw materials which it needs for its production.It also decides to sell its products through its own retail outlets.Which of the following corporate-level strategies is the organization using?

Accepted Answer

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

Question 17

When PepsiCo purchased Frito-Lay and expanded its operations into the snack-food business,which of the following strategies did is pursue?

Accepted Answer

A)  Vertical integration 
B)  Market penetration 
C)  Diversification 
D)  Market development 
E)  Low-cost strategy 
A)  Vertical integration 
B)  Market penetration 
C)  Diversification 
D)  Market development 
E)  Low-cost strategy

Question 18

When a company is successful in pursuing the strategy of concentration on a single industry,it uses its divisional skills to develop new products or expand its locations.

Accepted Answer

A) True 
 B)False

Question 19

Firestone Tire and Rubber Company purchases rubber plantations in Africa so that it will have a source of supply for its tire manufacturing plants in Akron,Ohio.This is an example of which of the following strategies?

Accepted Answer

A)  Forward vertical integration 
B)  Global strategy 
C)  Diversification strategy 
D)  Backward vertical integration 
E)  Focused differentiation strategy 
A)  Forward vertical integration 
B)  Global strategy 
C)  Diversification strategy 
D)  Backward vertical integration 
E)  Focused differentiation strategy

Question 20

A formal,written guide to action for employees in an organization is known as a:

Accepted Answer

A)  policy. 
B)  rule. 
C)  standard operating procedure. 
D)  rolling plan. 
E)  scenario plan. 
A)  policy. 
B)  rule. 
C)  standard operating procedure. 
D)  rolling plan. 
E)  scenario plan.

At the functional level,the business-level plan provides the framework within which functional managers devise their plans.

Unilever sells different products using a different marketing approach in England than it uses when marketing these products in the United States.This is an example of which of the following strategies?

While conducting a SWOT analysis,"an obsolete,narrow product line" would be categorized under which of the following?

Explain briefly the three levels and three steps in the planning and strategy-making process.Also mention how they are linked with each other.

A strategic alliance can take the form of a written contract between two or more companies to exchange resources,or it can result in the creation of a new organization.

An organization attempts to succeed by distinguishing its products from those of the competition.Which of the following strategies is the organization using?

Franchising is pursued primarily by manufacturing companies.

A group of managers at Power Explosives analyzes both the internal strengths and weaknesses of their organization as well as the opportunities and threats of the external environment.Which of the following planning exercises does this indicate?

Strategy formulation begins with managers systematically analyzing the factors inside an organization and outside in the global environment that affect the organization's ability to meet its goals now and in the future.

Another name for the business level of the organization is:

When Procter & Gamble uses the same distribution system to deliver its oral care products and its hair care products to drugstore chains,this is an example of:

BMW produces cars exclusively for high-income customers.Which of the following strategies is BMW pursuing?

Which of the following organizational strategies specifies the activities of managers at the departmental level of the organization?

A business plan that is updated every year depending on the changes in an organization and in the external environment that have taken place in the previous year is known as a standing plan.

Frame Corporation updates its five-year plan annually to take into account changing conditions within the organization and in the organization's external environment.Which of the following best explains this plan implemented by Frame Corporation?

An organization purchases one of its suppliers in order to obtain access to the raw materials which it needs for its production.It also decides to sell its products through its own retail outlets.Which of the following corporate-level strategies is the organization using?

When PepsiCo purchased Frito-Lay and expanded its operations into the snack-food business,which of the following strategies did is pursue?

When a company is successful in pursuing the strategy of concentration on a single industry,it uses its divisional skills to develop new products or expand its locations.

Firestone Tire and Rubber Company purchases rubber plantations in Africa so that it will have a source of supply for its tire manufacturing plants in Akron,Ohio.This is an example of which of the following strategies?

A formal,written guide to action for employees in an organization is known as a:

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

Exam 6: Planning, Strategy, and Competitive Advantage

At the functional level,the business-level plan provides the framework within which functional managers devise their plans.

Unilever sells different products using a different marketing approach in England than it uses when marketing these products in the United States.This is an example of which of the following strategies?

While conducting a SWOT analysis,"an obsolete,narrow product line" would be categorized under which of the following?

Explain briefly the three levels and three steps in the planning and strategy-making process.Also mention how they are linked with each other.

A strategic alliance can take the form of a written contract between two or more companies to exchange resources,or it can result in the creation of a new organization.

An organization attempts to succeed by distinguishing its products from those of the competition.Which of the following strategies is the organization using?

Franchising is pursued primarily by manufacturing companies.

A group of managers at Power Explosives analyzes both the internal strengths and weaknesses of their organization as well as the opportunities and threats of the external environment.Which of the following planning exercises does this indicate?

Strategy formulation begins with managers systematically analyzing the factors inside an organization and outside in the global environment that affect the organization's ability to meet its goals now and in the future.

Another name for the business level of the organization is:

When Procter & Gamble uses the same distribution system to deliver its oral care products and its hair care products to drugstore chains,this is an example of:

BMW produces cars exclusively for high-income customers.Which of the following strategies is BMW pursuing?

Which of the following organizational strategies specifies the activities of managers at the departmental level of the organization?

A business plan that is updated every year depending on the changes in an organization and in the external environment that have taken place in the previous year is known as a standing plan.

Frame Corporation updates its five-year plan annually to take into account changing conditions within the organization and in the organization's external environment.Which of the following best explains this plan implemented by Frame Corporation?

An organization purchases one of its suppliers in order to obtain access to the raw materials which it needs for its production.It also decides to sell its products through its own retail outlets.Which of the following corporate-level strategies is the organization using?

When PepsiCo purchased Frito-Lay and expanded its operations into the snack-food business,which of the following strategies did is pursue?

When a company is successful in pursuing the strategy of concentration on a single industry,it uses its divisional skills to develop new products or expand its locations.

Firestone Tire and Rubber Company purchases rubber plantations in Africa so that it will have a source of supply for its tire manufacturing plants in Akron,Ohio.This is an example of which of the following strategies?

A formal,written guide to action for employees in an organization is known as a:

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