Exam 8: The Manager As a Planner and Strategist

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:

Tim's Tropical Treats' competitive advantage is achieved by keeping production costs per unit below those of its competitors.Tim's Tropical Treats uses which type of strategy?

What is the strategy of entering a new business or industry to create a competitive advantage in one or more of an organization's existing divisions or businesses?

Apple decided to open its own Apple retail stores.This is an example of backward vertical integration.

When establishing goals,setting a completion time is not necessary.

The last step in a SWOT analysis is to identify the organization's internal strengths and internal weaknesses.

Plans are consistent in their time horizons.

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 the organization.

What is a strategic alliance among two or more companies that agree to jointly establish and share the ownership of a new business?

The Five Forces Model includes all these factors as major threats EXCEPT:

Differentiate between the main types of business-level strategies by explaining how they give an organization a competitive advantage.

Typically ______-level goals and strategies require intermediate- and short-term plans.