Question 1

Toyota is the most successful automaker selling hybrid vehicles. Toyota uses

Accepted Answer

A)  differentiation, focus. 
B)  overall cost leadership. 
C)  differentiation. 
D)  focus. 
E)  cost leadership, focus.

Question 2

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

Question 3

The GE business screen is an expansion of the ideas from

Accepted Answer

A)  the product life cycle approach. 
B)  the Miles and Snow typology of business strategy. 
C)  the generic strategy approach. 
D)  Porter's competitive strategies. 
E)  the BCG matrix.

Question 4

Proper emphasis in accounting and finance is pivotal to a(n) ____________________ strategy.

Accepted Answer

The answer of Proper emphasis in accounting and finance is...

Question 5

Coca-Cola sells soft drinks, bottled water, and sports drinks. This is an example of

Accepted Answer

A)  alignment. 
B)  synergy. 
C)  scope. 
D)  resource deployment. 
E)  entropy.

Question 6

Ugg makes footwear and accessories for men, women, and children. That is the company's resource deployment.

Accepted Answer

A) True 
 B)False

Question 7

How will organizational culture affect business strategy implementation?

Accepted Answer

The answer of How will organizational culture affect business strategy...

Question 8

Strategy implementation is the methods by which strategies are ____________________.

Accepted Answer

The answer of Strategy implementation is the methods by which...

Question 9

Bic pens work great and sell for about ten cents a pen. Bic uses a(n) ____ strategy.

Accepted Answer

A)  guerrilla 
B)  overall cost leadership 
C)  focus 
D)  differentiation 
E)  defender

Question 10

During the maturity stage of the product life cycle, sales volume for a product typically reaches its peak.

Accepted Answer

A) True 
 B)False

Question 11

____ is the component of strategy that indicates what the organization does exceptionally well.

Accepted Answer

A)  Resource deployment 
B)  Synergy 
C)  Scope 
D)  Distinctive competence 
E)  None of these choices

Question 12

The key to implementing business strategies is integrating different functions.

Accepted Answer

A) True 
 B)False

Question 13

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.

Question 14

Howard Schultz traveled in Italy and liked the coffee. He founded Starbucks with a plan to introduce American coffee drinkers to this Italian-style drink. This is an example of ____.

Accepted Answer

A)  lack of organizational synergy 
B)  organizational opportunity 
C)  sustained competitive advantage 
D)  distinctive competency 
E)  organizational threat

Question 15

AirTran Airlines (formerly ValuJet) has an airplane fleet that is older than those owned by other airlines. This is a potential ____ because it can give the company an image of poor quality or unsafe planes.

Accepted Answer

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

Question 16

HealthTex aims its advertising at mothers with children under the age of five. This generic strategy is called a(n) ____________________ strategy.

Accepted Answer

The answer of HealthTex aims its advertising at mothers with...

Question 17

Fort Howard Paper Company has a cost-saving manufacturing process that its competitors cannot imitate. Fort Howard Paper enjoys

Accepted Answer

A)  an organizational opportunity. 
B)  an organizational threat. 
C)  product integration. 
D)  a sustained competitive advantage. 
E)  product emulation.

Question 18

The filter specifies the range of markets in which an organization will compete.

Accepted Answer

A) True 
 B)False

Question 19

If the marketing department adopts a strategy calling for substantial test marketing, aggressive advertising campaigns, and inducing consumer product trials, which of the following is most likely the business strategy being used by the company as a whole?

Accepted Answer

A)  Analyzer 
B)  defender 
C)  Prospector 
D)  Cost leadership 
E)  Focus

Question 20

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

Exam 7: Managing Strategy and Strategic Planning

Toyota is the most successful automaker selling hybrid vehicles. Toyota uses

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

The GE business screen is an expansion of the ideas from

Proper emphasis in accounting and finance is pivotal to a(n) ____________________ strategy.

Coca-Cola sells soft drinks, bottled water, and sports drinks. This is an example of

Ugg makes footwear and accessories for men, women, and children. That is the company's resource deployment.

How will organizational culture affect business strategy implementation?

Strategy implementation is the methods by which strategies are ____________________.

Bic pens work great and sell for about ten cents a pen. Bic uses a(n) ____ strategy.

During the maturity stage of the product life cycle, sales volume for a product typically reaches its peak.

____ is the component of strategy that indicates what the organization does exceptionally well.

The key to implementing business strategies is integrating different functions.

The starting point in formulating strategies is usually

Howard Schultz traveled in Italy and liked the coffee. He founded Starbucks with a plan to introduce American coffee drinkers to this Italian-style drink. This is an example of ____.

AirTran Airlines (formerly ValuJet) has an airplane fleet that is older than those owned by other airlines. This is a potential ____ because it can give the company an image of poor quality or unsafe planes.

HealthTex aims its advertising at mothers with children under the age of five. This generic strategy is called a(n) ____________________ strategy.

Fort Howard Paper Company has a cost-saving manufacturing process that its competitors cannot imitate. Fort Howard Paper enjoys

The filter specifies the range of markets in which an organization will compete.

If the marketing department adopts a strategy calling for substantial test marketing, aggressive advertising campaigns, and inducing consumer product trials, which of the following is most likely the business strategy being used by the company as a whole?

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.