Question 1

Which of the following is an example of a strategic question at the business strategy level?

Accepted Answer

A)  "How are we going to compete for customers in a competitive market?" 
B)  "What is our role in supporting engineering?" 
C)  "How many divisions should we have?" 
D)  "In what industries and markets should the corporation compete in?" 
A)  "How are we going to compete for customers in a competitive market?" 
B)  "What is our role in supporting engineering?" 
C)  "How many divisions should we have?" 
D)  "In what industries and markets should the corporation compete in?" A

Question 2

Strategic management includes strategy __________ and strategy __________.

Accepted Answer

A)  negotiation; implementation 
B)  implementation; direction 
C)  formulation; implementation 
D)  formulation; review 
A)  negotiation; implementation 
B)  implementation; direction 
C)  formulation; implementation 
D)  formulation; review C

Question 3

The riskiest growth strategy is through __________.

Accepted Answer

A)  vertical integration 
B)  unrelated diversification 
C)  related diversification 
D)  backward integration 
A)  vertical integration 
B)  unrelated diversification 
C)  related diversification 
D)  backward integration B

Question 4

The strategy of working with rivals on projects of mutual benefit is called crowdsourcing.

Accepted Answer

A) True 
 B)False

Question 5

The process of strategic management focuses only on developing strategies.

Accepted Answer

A) True 
 B)False

Question 6

Distinguish between a competitive advantage and a sustainable competitive advantage.

Accepted Answer

A competitive advantage is something tha

Question 7

Orange International is expanding by acquiring suppliers and distributors. This is called growth through __________.

Accepted Answer

A)  diversification 
B)  vertical integration 
C)  retrenchment 
D)  globalization 
A)  diversification 
B)  vertical integration 
C)  retrenchment 
D)  globalization

Question 8

Operating in successful ways that are difficult to imitate results in __________.

Accepted Answer

A)  a strategy 
B)  a strategic intent 
C)  the vertical integration of a company 
D)  a sustainable competitive advantage 
A)  a strategy 
B)  a strategic intent 
C)  the vertical integration of a company 
D)  a sustainable competitive advantage

Question 9

A strategy that identifies how a division or business unit will compete in its product or service domain is called a __________ strategy.

Accepted Answer

A)  corporate 
B)  middle-management 
C)  business 
D)  bottom-level 
A)  corporate 
B)  middle-management 
C)  business 
D)  bottom-level

Question 10

When your company expands into new areas of business it is called ________.

Accepted Answer

The answer of When your company expands into new areas...

Question 11

When business owners sell off parts of their organization to refocus attention on core business areas it is called a(n) _________.

Accepted Answer

The answer of When business owners sell off parts of...

Question 12

__________ is the capability to inspire people to successfully engage in a process of continuous change, performance enhancement, and implementation of a firm's goals.

Accepted Answer

Strategic

Question 13

The international business strategy that adopts standard products and advertising to use worldwide is called a(n) __________ strategy.

Accepted Answer

The answer of The international business strategy that adopts standard...

Question 14

The key to having a sustainable competitive advantage is to operate in a way that is difficult to imitate.

Accepted Answer

A) True 
 B)False

Question 15

Strategies that guide the activities of specific areas in implementing the organizational-level strategies are called ________ strategies.

Accepted Answer

The answer of Strategies that guide the activities of specific...

Question 16

__________ is the strategy of working with rivals on projects of mutual benefit.

Accepted Answer

A)  Competition 
B)  Collusion 
C)  Co-opetition 
D)  Restructuring 
A)  Competition 
B)  Collusion 
C)  Co-opetition 
D)  Restructuring

Question 17

A strategy that guides activities within a specific area of operations is called a(n) ____________ strategy.

Accepted Answer

A)  business 
B)  functional 
C)  corporate 
D)  employee 
A)  business 
B)  functional 
C)  corporate 
D)  employee

Question 18

Both Coca-Cola and PepsiCo have pursued __________ by purchasing some of their major bottlers.

Accepted Answer

A)  forward vertical integration 
B)  backward vertical integration 
C)  forward horizontal integration 
D)  backward horizontal integration 
A)  forward vertical integration 
B)  backward vertical integration 
C)  forward horizontal integration 
D)  backward horizontal integration

Question 19

The process of putting strategies into action is called strategic _____________.

Accepted Answer

The answer of The process of putting strategies into action...

Question 20

Which of the following statements is true about restructuring?

Accepted Answer

A)  It occurs when a business closes and sells its assets to pay creditors. 
B)  It reduces the scale or mix of operations. 
C)  It is done by acquiring suppliers or distributors. 
D)  It involves expansion of an organization's current operations. 
A)  It occurs when a business closes and sells its assets to pay creditors. 
B)  It reduces the scale or mix of operations. 
C)  It is done by acquiring suppliers or distributors. 
D)  It involves expansion of an organization's current operations.

Which of the following is an example of a strategic question at the business strategy level?

Strategic management includes strategy and strategy .

The riskiest growth strategy is through __________.

The strategy of working with rivals on projects of mutual benefit is called crowdsourcing.

The process of strategic management focuses only on developing strategies.

Distinguish between a competitive advantage and a sustainable competitive advantage.

Orange International is expanding by acquiring suppliers and distributors. This is called growth through __________.

Operating in successful ways that are difficult to imitate results in __________.

A strategy that identifies how a division or business unit will compete in its product or service domain is called a __________ strategy.

When your company expands into new areas of business it is called ________.

When business owners sell off parts of their organization to refocus attention on core business areas it is called a(n) _________.

__________ is the capability to inspire people to successfully engage in a process of continuous change, performance enhancement, and implementation of a firm's goals.

The international business strategy that adopts standard products and advertising to use worldwide is called a(n) __________ strategy.

The key to having a sustainable competitive advantage is to operate in a way that is difficult to imitate.

Strategies that guide the activities of specific areas in implementing the organizational-level strategies are called ________ strategies.

__________ is the strategy of working with rivals on projects of mutual benefit.

A strategy that guides activities within a specific area of operations is called a(n) ____________ strategy.

Both Coca-Cola and PepsiCo have pursued __________ by purchasing some of their major bottlers.

The process of putting strategies into action is called strategic _____________.

Which of the following statements is true about restructuring?

Management Today

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Global Management and Cultural Diversity

Information and Decision-Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behaviour

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Planning Processes and Techniques

Filters

Exam 6: Entrepreneurship and New Ventures

Which of the following is an example of a strategic question at the business strategy level?

Strategic management includes strategy __________ and strategy __________.

The riskiest growth strategy is through __________.

The strategy of working with rivals on projects of mutual benefit is called crowdsourcing.

The process of strategic management focuses only on developing strategies.

Distinguish between a competitive advantage and a sustainable competitive advantage.

Orange International is expanding by acquiring suppliers and distributors. This is called growth through __________.

Operating in successful ways that are difficult to imitate results in __________.

A strategy that identifies how a division or business unit will compete in its product or service domain is called a __________ strategy.

When your company expands into new areas of business it is called ________.

When business owners sell off parts of their organization to refocus attention on core business areas it is called a(n) _________.

__________ is the capability to inspire people to successfully engage in a process of continuous change, performance enhancement, and implementation of a firm's goals.

The international business strategy that adopts standard products and advertising to use worldwide is called a(n) __________ strategy.

The key to having a sustainable competitive advantage is to operate in a way that is difficult to imitate.

Strategies that guide the activities of specific areas in implementing the organizational-level strategies are called ________ strategies.

__________ is the strategy of working with rivals on projects of mutual benefit.

A strategy that guides activities within a specific area of operations is called a(n) ____________ strategy.

Both Coca-Cola and PepsiCo have pursued __________ by purchasing some of their major bottlers.

The process of putting strategies into action is called strategic _____________.

Which of the following statements is true about restructuring?

Management Today

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Global Management and Cultural Diversity

Information and Decision-Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behaviour

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Planning Processes and Techniques

Filters

Strategic management includes strategy and strategy .