Question 1

For years,the Tabasco Company used a(n)____ strategy and manufactured only its famous hot sauce.

Accepted Answer

A)  defender 
B)  single-product 
C)  aggregation 
D)  forward integration 
E)  backward integration 
A)  defender 
B)  single-product 
C)  aggregation 
D)  forward integration 
E)  backward integration

Question 2

In a small community in Michigan,there are two funeral homes.One of them clips all pictures from the local paper,laminates them,and mails them to the person photographed with a brief note.This is an attempt to build positive relations with potential customers during happy times.If the other funeral home chose to make similar customer contact,the competitors would have

Accepted Answer

A)  differential advantage. 
B)  strategic imitation. 
C)  emergent strategy. 
D)  distinctive competence. 
E)  competitive advantage. 
A)  differential advantage. 
B)  strategic imitation. 
C)  emergent strategy. 
D)  distinctive competence. 
E)  competitive advantage.

Question 3

According to the Miles and Snow model of business strategy,which of these strategies is the most appropriate for use in an unstable environment?

Accepted Answer

A)  Prospector 
B)  Defender 
C)  Reactor 
D)  Rescuer 
E)  Analyzer 
A)  Prospector 
B)  Defender 
C)  Reactor 
D)  Rescuer 
E)  Analyzer

Question 4

Extra funds should be channeled to the ____,which is a product with a high share of a fast-growing market.

Accepted Answer

A)  star 
B)  cash cow 
C)  rising star 
D)  defender 
E)  question mark 
A)  star 
B)  cash cow 
C)  rising star 
D)  defender 
E)  question mark

Question 5

Match the following.You may use a response once,more than once,or not at all.
-Analyzer

Accepted Answer

A) Business-level strategy 
B) Corporate-level strategy 
C) International strategy 
A) Business-level strategy 
B) Corporate-level strategy 
C) International strategy

Question 6

Match the following.You may use a response once,more than once,or not at all.
-Defender

Accepted Answer

A) Business-level strategy 
B) Corporate-level strategy 
C) International strategy 
A) Business-level strategy 
B) Corporate-level strategy 
C) International strategy

Question 7

Describe strategy formulation and deliberate strategy.Use the Texas Instrument example if it is helpful.

Accepted Answer

Strategy formulation is the process of d

Question 8

According to the BCG matrix,____________________ are businesses whose products have a high share of a growing market.

Accepted Answer

The answer of According to the BCG matrix,____________________ are businesses...

Question 9

Kraft Food Inc offered to buy Cadbury,a confection and beverage company.Which advantage of related diversification could result from the merging of these two businesses?

Accepted Answer

A)  Reducing overhead 
B)  Creating a distinctive competence 
C)  Innovation 
D)  Synergy 
E)  Reducing business dependence 
A)  Reducing overhead 
B)  Creating a distinctive competence 
C)  Innovation 
D)  Synergy 
E)  Reducing business dependence

Question 10

Trollbeads was the original maker of bead bracelets where beads are like individual charms and can be changed by the wearer.Trollbeads success let Pandora,Chamilia,and a slew of jewelry designers start making bead charms.Pandora used

Accepted Answer

A)  product aping. 
B)  tactical imitation. 
C)  product emulation. 
D)  product integration. 
E)  strategic imitation. 
A)  product aping. 
B)  tactical imitation. 
C)  product emulation. 
D)  product integration. 
E)  strategic imitation.

Question 11

Adolph Coors Company heavily developed Zima brand beer that was targeted to Generation Xers,but Zima gained only a small share of a rapidly growing market.According to the BCG matrix,Zima is an example of a

Accepted Answer

A)  question mark. 
B)  rising star. 
C)  star. 
D)  barking dog. 
E)  cash cow. 
A)  question mark. 
B)  rising star. 
C)  star. 
D)  barking dog. 
E)  cash cow.

Question 12

The ____________________-level strategy is the overall strategy that helps define the mix of industries and markets that are of interest to the firm.

Accepted Answer

The answer of The ____________________-level strategy is the overall strategy...

Question 13

Which of these is concerned with the changes in the sales volume of a product during its existence?

Accepted Answer

A)  Portfolio approach 
B)  Product life cycle approach 
C)  Environmental SWOT analysis 
D)  Miles and Snow model 
E)  Maslow's hierarchy 
A)  Portfolio approach 
B)  Product life cycle approach 
C)  Environmental SWOT analysis 
D)  Miles and Snow model 
E)  Maslow's hierarchy

Question 14

The expiration of a pharmaceutical drug patent allows generic drug makers to introduce the same chemical compound under a different name and at lower prices.This is an example of ____ for the developer of the original drug.

Accepted Answer

A)  organizational weakness 
B)  strategic limitation 
C)  entropy 
D)  organizational threat 
E)  organizational opportunity 
A)  organizational weakness 
B)  strategic limitation 
C)  entropy 
D)  organizational threat 
E)  organizational opportunity

Question 15

One characteristic of an SBU classified as a star is

Accepted Answer

A)  a large share of a low-growth market. 
B)  a large amount of short-run cash support. 
C)  a very small amount of money for growth and expansion. 
D)  probable divestiture by the corporation. 
E)  the potential to achieve a large market share. 
A)  a large share of a low-growth market. 
B)  a large amount of short-run cash support. 
C)  a very small amount of money for growth and expansion. 
D)  probable divestiture by the corporation. 
E)  the potential to achieve a large market share.

Question 16

Reckitt & Colman,Inc.manufactures Spray 'n Wash laundry stain remover,Resolve fabric refresher,and Woolite fabric wash.This is an example of ____ diversification.

Accepted Answer

A)  related 
B)  integrated 
C)  unrelated 
D)  consumer 
E)  product 
A)  related 
B)  integrated 
C)  unrelated 
D)  consumer 
E)  product

Question 17

GE noticed that financial institutions had large profit margins.When GE entered the industry,its SBU was

Accepted Answer

A)  a question mark. 
B)  a winner. 
C)  a loser. 
D)  an average business. 
E)  a profit producer. 
A)  a question mark. 
B)  a winner. 
C)  a loser. 
D)  an average business. 
E)  a profit producer.

Question 18

Hewlett Packard contemplated selling its PC division.This is an example of change in ____.

Accepted Answer

A)  alignment 
B)  synergy 
C)  distinctive competence 
D)  resource deployment 
E)  scope 
A)  alignment 
B)  synergy 
C)  distinctive competence 
D)  resource deployment 
E)  scope

Question 19

GE competes in industries ranging from medical devices,to financial services,to turbine engines.GE's mixed strategy is an example of ____ strategy.

Accepted Answer

A)  corporate-level 
B)  long-term 
C)  business-level 
D)  functional 
E)  short-term 
A)  corporate-level 
B)  long-term 
C)  business-level 
D)  functional 
E)  short-term

Question 20

The starting point in formulating strategies is usually

Accepted Answer

A)  a SWOT analysis. 
B)  goal implementation. 
C)  operational plans. 
D)  a mission statement. 
E)  a control function. 
A)  a SWOT analysis. 
B)  goal implementation. 
C)  operational plans. 
D)  a mission statement. 
E)  a control function.

For years,the Tabasco Company used a(n)____ strategy and manufactured only its famous hot sauce.

According to the Miles and Snow model of business strategy,which of these strategies is the most appropriate for use in an unstable environment?

Extra funds should be channeled to the ____,which is a product with a high share of a fast-growing market.

Match the following.You may use a response once,more than once,or not at all. -Analyzer

Match the following.You may use a response once,more than once,or not at all. -Defender

Describe strategy formulation and deliberate strategy.Use the Texas Instrument example if it is helpful.

According to the BCG matrix,____________________ are businesses whose products have a high share of a growing market.

Kraft Food Inc offered to buy Cadbury,a confection and beverage company.Which advantage of related diversification could result from the merging of these two businesses?

Trollbeads was the original maker of bead bracelets where beads are like individual charms and can be changed by the wearer.Trollbeads success let Pandora,Chamilia,and a slew of jewelry designers start making bead charms.Pandora used

Adolph Coors Company heavily developed Zima brand beer that was targeted to Generation Xers,but Zima gained only a small share of a rapidly growing market.According to the BCG matrix,Zima is an example of a

The ____________________-level strategy is the overall strategy that helps define the mix of industries and markets that are of interest to the firm.

Which of these is concerned with the changes in the sales volume of a product during its existence?

The expiration of a pharmaceutical drug patent allows generic drug makers to introduce the same chemical compound under a different name and at lower prices.This is an example of ____ for the developer of the original drug.

One characteristic of an SBU classified as a star is

Reckitt & Colman,Inc.manufactures Spray 'n Wash laundry stain remover,Resolve fabric refresher,and Woolite fabric wash.This is an example of ____ diversification.

GE noticed that financial institutions had large profit margins.When GE entered the industry,its SBU was

Hewlett Packard contemplated selling its PC division.This is an example of change in ____.

GE competes in industries ranging from medical devices,to financial services,to turbine engines.GE's mixed strategy is an example of ____ strategy.

The starting point in formulating strategies is usually

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

Filters

Exam 7: Managing Strategy and Strategic Planning

For years,the Tabasco Company used a(n)____ strategy and manufactured only its famous hot sauce.

According to the Miles and Snow model of business strategy,which of these strategies is the most appropriate for use in an unstable environment?

Extra funds should be channeled to the ____,which is a product with a high share of a fast-growing market.

Match the following.You may use a response once,more than once,or not at all. -Analyzer

Match the following.You may use a response once,more than once,or not at all. -Defender

Describe strategy formulation and deliberate strategy.Use the Texas Instrument example if it is helpful.

According to the BCG matrix,____________________ are businesses whose products have a high share of a growing market.

Kraft Food Inc offered to buy Cadbury,a confection and beverage company.Which advantage of related diversification could result from the merging of these two businesses?

Trollbeads was the original maker of bead bracelets where beads are like individual charms and can be changed by the wearer.Trollbeads success let Pandora,Chamilia,and a slew of jewelry designers start making bead charms.Pandora used

Adolph Coors Company heavily developed Zima brand beer that was targeted to Generation Xers,but Zima gained only a small share of a rapidly growing market.According to the BCG matrix,Zima is an example of a

The ____________________-level strategy is the overall strategy that helps define the mix of industries and markets that are of interest to the firm.

Which of these is concerned with the changes in the sales volume of a product during its existence?

The expiration of a pharmaceutical drug patent allows generic drug makers to introduce the same chemical compound under a different name and at lower prices.This is an example of ____ for the developer of the original drug.

One characteristic of an SBU classified as a star is

Reckitt & Colman,Inc.manufactures Spray 'n Wash laundry stain remover,Resolve fabric refresher,and Woolite fabric wash.This is an example of ____ diversification.

GE noticed that financial institutions had large profit margins.When GE entered the industry,its SBU was

Hewlett Packard contemplated selling its PC division.This is an example of change in ____.

GE competes in industries ranging from medical devices,to financial services,to turbine engines.GE's mixed strategy is an example of ____ strategy.

The starting point in formulating strategies is usually

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

Filters