Exam 6: Planning, Strategy, and Competitive Advantage

The industries and national markets an organization intends to compete in and the reasons why are specified in a company's _____________-level strategy.

(Multiple Choice)

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Question 81

Managers at Dimensions,Inc. ,analyze the current situation of their organization and then develop plans to help their organization accomplish its mission and achieve its goals.This is known as:

(Multiple Choice)

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Question 82

A company has a requirement that any manager who receives a gift from any of the company's customers worth more than $25 must report this gift to the company's human resources department.This is an example of a:

(Multiple Choice)

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Question 83

The plan for implementing a new strategy requires the development of new functional strategies.

(True/False)

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Question 84

When Electrix Ltd. ,sells its TVs and VCRs using the same basic marketing approach in various countries,it is pursuing ____________.

(Multiple Choice)

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Question 85

According to Michael Porter's theory,it is possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time.

(True/False)

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Question 86

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.

(True/False)

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Question 87

A good plan specifies not only which goals and strategies an organization is committed to but is also accountable for putting the strategies into action to attain the goals.

(True/False)

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Question 88

Firestone Tire and Rubber Company set up a chain of Firestone retail stores to sell its tires to American consumers.This is an example of:

(Multiple Choice)

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Question 89

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.

(True/False)

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Question 90

PepsiCo purchased KFC so that it could replace Coke products with Pepsi products in KFC restaurants.This is an example of a _________ strategy.

(Multiple Choice)

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Question 91

Medien Corporation decides to enter a new type of business in order to create a competitive advantage in one of its existing businesses.Medien is engaging in ____________.

(Multiple Choice)

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Question 92

A written set of instructions that describes the series of actions that a manager should take in a specific situation is called an SOP of an organization.

(True/False)

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Question 93

A plan that is updated and changed every year to take into consideration how the organization's external and internal environments have changed is known as a ______________ plan.

(Multiple Choice)

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Question 94

Planning takes place at the corporate level and the business level of an organization,but not at the functional level of an organization.

(True/False)

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(80)

Question 95

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 ________________.

(Multiple Choice)

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Question 96

While managers at ABC Manufacturing were conducting a SWOT analysis,they concluded that their product line is obsolete and narrow.Their product line would be categorized as a:

(Multiple Choice)

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Question 97

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 a(n)_______________ strategy.

(Multiple Choice)

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(86)

Question 98

Procter & Gamble uses a joint sales force to sell both its laundry detergent products and its bath soap products to the same supermarket chains.This is an example of:

(Multiple Choice)

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(74)

Question 99

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

(Multiple Choice)

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(72)

Question 100

Showing 81 - 100 of 112

The industries and national markets an organization intends to compete in and the reasons why are specified in a company's _____________-level strategy.

Managers at Dimensions,Inc. ,analyze the current situation of their organization and then develop plans to help their organization accomplish its mission and achieve its goals.This is known as:

A company has a requirement that any manager who receives a gift from any of the company's customers worth more than $25 must report this gift to the company's human resources department.This is an example of a:

The plan for implementing a new strategy requires the development of new functional strategies.

When Electrix Ltd. ,sells its TVs and VCRs using the same basic marketing approach in various countries,it is pursuing ____________.

According to Michael Porter's theory,it is possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time.

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.

A good plan specifies not only which goals and strategies an organization is committed to but is also accountable for putting the strategies into action to attain the goals.

Firestone Tire and Rubber Company set up a chain of Firestone retail stores to sell its tires to American consumers.This is an example of:

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.

PepsiCo purchased KFC so that it could replace Coke products with Pepsi products in KFC restaurants.This is an example of a _________ strategy.

Medien Corporation decides to enter a new type of business in order to create a competitive advantage in one of its existing businesses.Medien is engaging in ____________.

A written set of instructions that describes the series of actions that a manager should take in a specific situation is called an SOP of an organization.

A plan that is updated and changed every year to take into consideration how the organization's external and internal environments have changed is known as a ______________ plan.

Planning takes place at the corporate level and the business level of an organization,but not at the functional level of an organization.

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 ________________.

While managers at ABC Manufacturing were conducting a SWOT analysis,they concluded that their product line is obsolete and narrow.Their product line would be categorized as a:

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 a(n)_______________ strategy.

Procter & Gamble uses a joint sales force to sell both its laundry detergent products and its bath soap products to the same supermarket chains.This is an example of:

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

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