Question 1

Which of the following web-based business models provides a meeting point sold by subscription or supported by advertising?

Accepted Answer

A)  Advertising model 
B)  Brokerage model 
C)  Community model 
D)  Freemium model 
A)  Advertising model 
B)  Brokerage model 
C)  Community model 
D)  Freemium model

Question 2

Discuss how the classifications of the Boston Consulting Group matrix relate to industry growth, market share, and business strategy.

Accepted Answer

The Boston Consulting Group recommends a

Question 3

Which of the following strategies uses information technology and the Internet to link organizations vertically in supply chains?

Accepted Answer

A)  B2C business strategies 
B)  P2P business strategies 
C)  B2G business strategies 
D)  B2B business strategies 
A)  B2C business strategies 
B)  P2P business strategies 
C)  B2G business strategies 
D)  B2B business strategies

Question 4

The retrenchment strategy that involves selling off parts of an organization to refocus attention on core business areas is called __________.

Accepted Answer

A)  liquidation 
B)  downsizing 
C)  diversification 
D)  divestiture 
A)  liquidation 
B)  downsizing 
C)  diversification 
D)  divestiture

Question 5

A(n) __________ strategy seeks the lowest costs of operations within a special market segment.

Accepted Answer

focused co

Question 6

A functional strategy provides long-term direction for the total enterprise.

Accepted Answer

A) True 
 B)False

Question 7

Microsoft promised to put a computer within an arm's reach of every consumer in the world. This could be considered a statement of __________.

Accepted Answer

A)  strategic intent 
B)  strategy 
C)  competitive advantage 
D)  global positioning 
A)  strategic intent 
B)  strategy 
C)  competitive advantage 
D)  global positioning

Question 8

__________ entails cutting the size of your organization and reducing the workforce.

Accepted Answer

The answer of __________ entails cutting the size of your...

Question 9

A __________ seeks the lowest costs of operations within a special market segment.

Accepted Answer

A)  multidomestic strategy 
B)  focused differentiation strategy 
C)  focused cost leadership strategy 
D)  retrenchment strategy 
A)  multidomestic strategy 
B)  focused differentiation strategy 
C)  focused cost leadership strategy 
D)  retrenchment strategy

Question 10

What is restructuring?

Accepted Answer

Restructuring is a less extreme and more

Question 11

When a company closes and sells its assets in order to pay its debts, it is called __________.

Accepted Answer

A)  divestiture 
B)  liquidation 
C)  diversification 
D)  restructuring 
A)  divestiture 
B)  liquidation 
C)  diversification 
D)  restructuring

Question 12

Garden Tools Inc. uses the Internet to market their products and gain competitive advantage. Garden Tools is employing a(n) __________.

Accepted Answer

A)  communication strategy 
B)  co-opetition strategy 
C)  e-business strategy 
D)  multidomestic strategy 
A)  communication strategy 
B)  co-opetition strategy 
C)  e-business strategy 
D)  multidomestic strategy

Question 13

A __________ strategy customizes products and advertising to the culture of the local markets into which they are sold.

Accepted Answer

A)  multidomestic strategy 
B)  globalization strategy 
C)  diversification strategy 
D)  transnational strategy 
A)  multidomestic strategy 
B)  globalization strategy 
C)  diversification strategy 
D)  transnational strategy

Question 14

Which of the following analyzes business opportunities according to market growth rate and market share?

Accepted Answer

A)  SWOT analysis 
B)  BCG Matrix 
C)  GE Matrix 
D)  PEST analysis 
A)  SWOT analysis 
B)  BCG Matrix 
C)  GE Matrix 
D)  PEST analysis

Question 15

According to Michael Porter, industry attractiveness can be identified based on the five forces that include:

Accepted Answer

A)  profitability, market share, workforce quality, innovativeness, and social responsibility. 
B)  cost efficiency, product quality, service quality, workforce quality, and innovativeness. 
C)  differentiation, cost leadership, focused differentiation, focused cost, and integration. 
D)  competitors, new entrants, suppliers, customers, and substitutes. 
A)  profitability, market share, workforce quality, innovativeness, and social responsibility. 
B)  cost efficiency, product quality, service quality, workforce quality, and innovativeness. 
C)  differentiation, cost leadership, focused differentiation, focused cost, and integration. 
D)  competitors, new entrants, suppliers, customers, and substitutes.

Question 16

Which of the following is NOT a retrenchment strategy?

Accepted Answer

A)  Diversification 
B)  Liquidation 
C)  Restructuring 
D)  Divestiture 
A)  Diversification 
B)  Liquidation 
C)  Restructuring 
D)  Divestiture

Question 17

When an organization reduces the size of its existing operations, it is called __________.

Accepted Answer

A)  divestiture 
B)  liquidation 
C)  downsizing 
D)  diversification 
A)  divestiture 
B)  liquidation 
C)  downsizing 
D)  diversification

Question 18

The infomediary model of web-based business brings buyers and sellers together for online business transactions and takes a percentage from the sales.

Accepted Answer

A) True 
 B)False

Question 19

A special strength of an organization that gives it a competitive advantage can be called a(n) __________.

Accepted Answer

A)  unfair advantage 
B)  differential strategy 
C)  core competency 
D)  differential advantage 
A)  unfair advantage 
B)  differential strategy 
C)  core competency 
D)  differential advantage

Question 20

Cash cows are the business units that have high market shares in high-growth markets in the BCG matrix.

Accepted Answer

A) True 
 B)False

Which of the following web-based business models provides a meeting point sold by subscription or supported by advertising?

Discuss how the classifications of the Boston Consulting Group matrix relate to industry growth, market share, and business strategy.

Which of the following strategies uses information technology and the Internet to link organizations vertically in supply chains?

The retrenchment strategy that involves selling off parts of an organization to refocus attention on core business areas is called __________.

A(n) __________ strategy seeks the lowest costs of operations within a special market segment.

A functional strategy provides long-term direction for the total enterprise.

Microsoft promised to put a computer within an arm's reach of every consumer in the world. This could be considered a statement of __________.

__________ entails cutting the size of your organization and reducing the workforce.

A __________ seeks the lowest costs of operations within a special market segment.

What is restructuring?

When a company closes and sells its assets in order to pay its debts, it is called __________.

Garden Tools Inc. uses the Internet to market their products and gain competitive advantage. Garden Tools is employing a(n) __________.

A __________ strategy customizes products and advertising to the culture of the local markets into which they are sold.

Which of the following analyzes business opportunities according to market growth rate and market share?

According to Michael Porter, industry attractiveness can be identified based on the five forces that include:

Which of the following is NOT a retrenchment strategy?

When an organization reduces the size of its existing operations, it is called __________.

The infomediary model of web-based business brings buyers and sellers together for online business transactions and takes a percentage from the sales.

A special strength of an organization that gives it a competitive advantage can be called a(n) __________.

Cash cows are the business units that have high market shares in high-growth markets in the BCG matrix.

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 web-based business models provides a meeting point sold by subscription or supported by advertising?

Discuss how the classifications of the Boston Consulting Group matrix relate to industry growth, market share, and business strategy.

Which of the following strategies uses information technology and the Internet to link organizations vertically in supply chains?

The retrenchment strategy that involves selling off parts of an organization to refocus attention on core business areas is called __________.

A(n) __________ strategy seeks the lowest costs of operations within a special market segment.

A functional strategy provides long-term direction for the total enterprise.

Microsoft promised to put a computer within an arm's reach of every consumer in the world. This could be considered a statement of __________.

__________ entails cutting the size of your organization and reducing the workforce.

A __________ seeks the lowest costs of operations within a special market segment.

What is restructuring?

When a company closes and sells its assets in order to pay its debts, it is called __________.

Garden Tools Inc. uses the Internet to market their products and gain competitive advantage. Garden Tools is employing a(n) __________.

A __________ strategy customizes products and advertising to the culture of the local markets into which they are sold.

Which of the following analyzes business opportunities according to market growth rate and market share?

According to Michael Porter, industry attractiveness can be identified based on the five forces that include:

Which of the following is NOT a retrenchment strategy?

When an organization reduces the size of its existing operations, it is called __________.

The infomediary model of web-based business brings buyers and sellers together for online business transactions and takes a percentage from the sales.

A special strength of an organization that gives it a competitive advantage can be called a(n) __________.

Cash cows are the business units that have high market shares in high-growth markets in the BCG matrix.

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