Question 1

According to the BCG Matrix, __________ produce large profits and a strong cash flow, but with little upside potential.

Accepted Answer

The answer of According to the BCG Matrix, __________ produce...

Question 2

Which of these is an example of a strategic question at the corporate strategy level?

Accepted Answer

A)  "What should our next product be?" 
B)  "How will we price our newest product?" 
C)  "Should we set up more sales offices?" 
D)  "In what industries and markets should we compete?" 
A)  "What should our next product be?" 
B)  "How will we price our newest product?" 
C)  "Should we set up more sales offices?" 
D)  "In what industries and markets should we compete?"

Question 3

The advantage of growth through concentration is that you are growing in an area that you know and, presumably, have expertise.

Accepted Answer

A) True 
 B)False

Question 4

Define the three levels of strategy that can be identified in most large organizations? Mention their relationship to organizational structure, their purpose, and their strategic questions.

Accepted Answer

The three levels of strategy are corpora

Question 5

A ____________ is a clear and lofty sense of why a business exists.

Accepted Answer

A)  mission 
B)  vision 
C)  strategic intent 
D)  logo 
A)  mission 
B)  vision 
C)  strategic intent 
D)  logo

Question 6

__________ protects an insolvent firm from creditors during a period of reorganization to restore profitability.

Accepted Answer

A)  Divestiture 
B)  Downsizing 
C)  Backward integration 
D)  Chapter 11 bankruptcy 
A)  Divestiture 
B)  Downsizing 
C)  Backward integration 
D)  Chapter 11 bankruptcy

Question 7

Two companies join together in partnership to pursue an area of mutual interest. This is called a(n) __________.

Accepted Answer

A)  acquisition 
B)  downsizing 
C)  strategic alliance 
D)  divestiture 
A)  acquisition 
B)  downsizing 
C)  strategic alliance 
D)  divestiture

Question 8

When a company expands in its existing markets, it is called growth through __________.

Accepted Answer

A)  retrenchment 
B)  diversification 
C)  concentration 
D)  globalization 
A)  retrenchment 
B)  diversification 
C)  concentration 
D)  globalization

Question 9

When ABC Manufacturers focuses on offering products that are unique compared to its competitors' products, they are focusing on a(n) _________ strategy.

Accepted Answer

A)  integrated 
B)  cost leadership 
C)  differentiation 
D)  diversification 
A)  integrated 
B)  cost leadership 
C)  differentiation 
D)  diversification

Question 10

Identify the web-based business model that provides a free service while collecting information on users and selling it to other businesses.

Accepted Answer

A)  Advertising model 
B)  Infomediary model 
C)  Referral model 
D)  Freemium model 
A)  Advertising model 
B)  Infomediary model 
C)  Referral model 
D)  Freemium model

Question 11

Special strengths of an organization that give the organization a competitive advantage are called __________________.

Accepted Answer

The answer of Special strengths of an organization that give...

Question 12

The ability to outperform rivals is called a __________.

Accepted Answer

A)  strategy 
B)  strategic intent 
C)  business plan 
D)  competitive advantage 
A)  strategy 
B)  strategic intent 
C)  business plan 
D)  competitive advantage

Question 13

"S" in the term SWOT analysis refers to:

Accepted Answer

A)  strengths. 
B)  standards. 
C)  social. 
D)  systems. 
A)  strengths. 
B)  standards. 
C)  social. 
D)  systems.

Question 14

A strategy that sets the long-term direction for an organization as a whole is called a __________.

Accepted Answer

A)  corporate strategy 
B)  financial strategy 
C)  functional strategy 
D)  business strategy 
A)  corporate strategy 
B)  financial strategy 
C)  functional strategy 
D)  business strategy

Question 15

In a SWOT analysis, outdated facilities and obsolete technologies will be considered as __________.

Accepted Answer

A)  threats 
B)  opportunities 
C)  weaknesses 
D)  strengths 
A)  threats 
B)  opportunities 
C)  weaknesses 
D)  strengths

Question 16

If Toddler Toys Inc. has products that the Boston Consulting Group would identify as dogs, which of the following would be the best strategy for Toddler Toys?

Accepted Answer

A)  High growth 
B)  Retrenchment 
C)  Low growth 
D)  No growth 
A)  High growth 
B)  Retrenchment 
C)  Low growth 
D)  No growth

Question 17

Which of the following is NOT indicative of a question mark in the BCG matrix?

Accepted Answer

A)  Do not generate much profit 
B)  Low market shares, high-growth market 
C)  High market shares, low-growth market 
D)  Difficult for strategic decision making 
A)  Do not generate much profit 
B)  Low market shares, high-growth market 
C)  High market shares, low-growth market 
D)  Difficult for strategic decision making

Question 18

Name the five forces identified by Porter's five forces model and describe their relation to an organization's internal and external environments.

Accepted Answer

The five forces identified by Porter's f

Question 19

What are the three levels of strategy used in organizations?

Accepted Answer

A)  Personal, competitive, and corporate 
B)  Competitive, corporate, and legal 
C)  Corporate, business, and functional 
D)  Business, functional, and competitive 
A)  Personal, competitive, and corporate 
B)  Competitive, corporate, and legal 
C)  Corporate, business, and functional 
D)  Business, functional, and competitive

Question 20

Which of the following strategies integrates global operations without having a strong national identity?

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

According to the BCG Matrix, __________ produce large profits and a strong cash flow, but with little upside potential.

Which of these is an example of a strategic question at the corporate strategy level?

The advantage of growth through concentration is that you are growing in an area that you know and, presumably, have expertise.

Define the three levels of strategy that can be identified in most large organizations? Mention their relationship to organizational structure, their purpose, and their strategic questions.

A ____________ is a clear and lofty sense of why a business exists.

__________ protects an insolvent firm from creditors during a period of reorganization to restore profitability.

Two companies join together in partnership to pursue an area of mutual interest. This is called a(n) __________.

When a company expands in its existing markets, it is called growth through __________.

When ABC Manufacturers focuses on offering products that are unique compared to its competitors' products, they are focusing on a(n) _________ strategy.

Identify the web-based business model that provides a free service while collecting information on users and selling it to other businesses.

Special strengths of an organization that give the organization a competitive advantage are called __________________.

The ability to outperform rivals is called a __________.

"S" in the term SWOT analysis refers to:

A strategy that sets the long-term direction for an organization as a whole is called a __________.

In a SWOT analysis, outdated facilities and obsolete technologies will be considered as __________.

If Toddler Toys Inc. has products that the Boston Consulting Group would identify as dogs, which of the following would be the best strategy for Toddler Toys?

Which of the following is NOT indicative of a question mark in the BCG matrix?

Name the five forces identified by Porter's five forces model and describe their relation to an organization's internal and external environments.

What are the three levels of strategy used in organizations?

Which of the following strategies integrates global operations without having a strong national identity?

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

According to the BCG Matrix, __________ produce large profits and a strong cash flow, but with little upside potential.

Which of these is an example of a strategic question at the corporate strategy level?

The advantage of growth through concentration is that you are growing in an area that you know and, presumably, have expertise.

Define the three levels of strategy that can be identified in most large organizations? Mention their relationship to organizational structure, their purpose, and their strategic questions.

A ____________ is a clear and lofty sense of why a business exists.

__________ protects an insolvent firm from creditors during a period of reorganization to restore profitability.

Two companies join together in partnership to pursue an area of mutual interest. This is called a(n) __________.

When a company expands in its existing markets, it is called growth through __________.

When ABC Manufacturers focuses on offering products that are unique compared to its competitors' products, they are focusing on a(n) _________ strategy.

Identify the web-based business model that provides a free service while collecting information on users and selling it to other businesses.

Special strengths of an organization that give the organization a competitive advantage are called __________________.

The ability to outperform rivals is called a __________.

"S" in the term SWOT analysis refers to:

A strategy that sets the long-term direction for an organization as a whole is called a __________.

In a SWOT analysis, outdated facilities and obsolete technologies will be considered as __________.

If Toddler Toys Inc. has products that the Boston Consulting Group would identify as dogs, which of the following would be the best strategy for Toddler Toys?

Which of the following is NOT indicative of a question mark in the BCG matrix?

Name the five forces identified by Porter's five forces model and describe their relation to an organization's internal and external environments.

What are the three levels of strategy used in organizations?

Which of the following strategies integrates global operations without having a strong national identity?

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