Question 1

Alba Motorbikes is known for its heavyweight motorcycles. The company places emphasis on the quality of the bikes and after-sale service. The brand also enjoys customer loyalty. This scenario described Alba Motorbikes':

Accepted Answer

A)  distinctive competence. 
B)  scope. 
C)  process gain. 
D)  competitive disadvantage. 
E)  related diversification.

Question 2

Venus Corp. prohibits its employees from smoking in its premises. This is an example of a(n):

Accepted Answer

A)  standard operating procedure 
B)  rule 
C)  program 
D)  entropy 
E)  project

Question 3

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-USAA provides insurance, financial services, mortgages, and relocation assistance.

Accepted Answer

A) Single-product strategy 
B) Related diversification 
C) Unrelated diversification

Question 4

In the context of the GE Business Screen, a determinant of an organization's competitive position is:

Accepted Answer

A)  capital requirements. 
B)  market growth. 
C)  government policies. 
D)  market size. 
E)  product quality.

Question 5

In the context of the GE Business Screen, a determinant of industry attractiveness would be:

Accepted Answer

A)  capital requirements. 
B)  product quality. 
C)  service network. 
D)  price competitiveness. 
E)  market share.

Question 6

Which of the following strategies can help companies survive during the decline stage of the product life cycle?

Accepted Answer

A)  Increasing production costs 
B)  Manufacturing the products frequently and in smaller quantities 
C)  Avoiding differentiation strategies 
D)  Developing new products or services 
E)  Focusing on strategies to slow the entry of competitors

Question 7

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-Pepsi has three divisions: soft drinks, juices, and snacks.

Accepted Answer

A) Single-product strategy 
B) Related diversification 
C) Unrelated diversification

Question 8

_____ include things like a deep pool of managerial talent, surplus capital, a unique reputation and/or brand name.

Accepted Answer

A)  Market opportunities 
B)  Organizational opportunities 
C)  Market strengths 
D)  Environmental strengths 
E)  Organizational strengths

Question 9

Describe how the concept of product life cycle could be used as a framework for plotting different strategies over the life of a product.

Accepted Answer

The answer of Describe how the concept of product life...

Question 10

Which of the following strategies will help companies succeed during the growth stage of a product cycle?

Accepted Answer

A)  Increasing overhead costs 
B)  Focusing on developing new products or services 
C)  Sacrificing product quality 
D)  Focusing on creating product differentiation 
E)  Increasing product prices significantly

Question 11

During the growth stage of the product life cycle,:

Accepted Answer

A)  most companies downsize. 
B)  the demand is the lowest. 
C)  competitors start exiting the industry. 
D)  more firms begin producing the product. 
E)  sales rapidly decline.

Question 12

Which of the following will be considered as an organizational strength in the context of SWOT analysis?

Accepted Answer

A)  Organizational opportunities 
B)  New competitors 
C)  Surplus capital 
D)  High overhead costs 
E)  New government policies

Question 13

Discuss the advantages and disadvantages of unrelated diversification strategy.

Accepted Answer

The answer of Discuss the advantages and disadvantages of unrelated...

Question 14

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-The Trump organization owns real estate, vodka production, and beauty pageants among other things.

Accepted Answer

A) Single-product strategy 
B) Related diversification 
C) Unrelated diversification

Question 15

Trump Corporation owns hotels and casinos, the Miss Universe Pageant, and bottled water. It is engaged in _____ diversification.

Accepted Answer

The answer of Trump Corporation owns hotels and casinos, the...

Question 16

In a Boston Consulting Group (BCG) matrix, _____ are businesses that have only a small share of a quickly growing market.

Accepted Answer

A)  stars 
B)  question marks 
C)  entropies 
D)  dogs 
E)  cash cows

Question 17

During the maturity stage of a product life cycle:

Accepted Answer

A)  demand is maximum. 
B)  companies must sacrifice product quality. 
C)  sales are the highest. 
D)  demand comes to a halt. 
E)  product differentiation concerns are still important.

Question 18

_____ plans generally have an extended time horizon, and address questions of scope, resource deployment, competitive advantage, and synergy.

Accepted Answer

A)  Operational 
B)  Contingency 
C)  Recovery 
D)  Tactical 
E)  Strategic

Question 19

Zing Inc. is a large fashion brand that manufactures clothing and shoes. The top managers of Zing have decided to use the profits from its clothing outlets to invest in the shoes business. This scenario illustrates the _____ component of a strategy.

Accepted Answer

A)  resource deployment 
B)  scope 
C)  distinctive competence 
D)  process loss 
E)  divestiture

Question 20

_____ plans have a short-term focus and are relatively narrow in scope.

Accepted Answer

A)  Corporate 
B)  Tactical 
C)  Operational 
D)  Contingency 
E)  Strategic

Exam 3: Planning and Strategic Management

Alba Motorbikes is known for its heavyweight motorcycles. The company places emphasis on the quality of the bikes and after-sale service. The brand also enjoys customer loyalty. This scenario described Alba Motorbikes':

Venus Corp. prohibits its employees from smoking in its premises. This is an example of a(n) :

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -USAA provides insurance, financial services, mortgages, and relocation assistance.

In the context of the GE Business Screen, a determinant of an organization's competitive position is:

In the context of the GE Business Screen, a determinant of industry attractiveness would be:

Which of the following strategies can help companies survive during the decline stage of the product life cycle?

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -Pepsi has three divisions: soft drinks, juices, and snacks.

_____ include things like a deep pool of managerial talent, surplus capital, a unique reputation and/or brand name.

Describe how the concept of product life cycle could be used as a framework for plotting different strategies over the life of a product.

Which of the following strategies will help companies succeed during the growth stage of a product cycle?

During the growth stage of the product life cycle,:

Which of the following will be considered as an organizational strength in the context of SWOT analysis?

Discuss the advantages and disadvantages of unrelated diversification strategy.

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -The Trump organization owns real estate, vodka production, and beauty pageants among other things.

Trump Corporation owns hotels and casinos, the Miss Universe Pageant, and bottled water. It is engaged in _____ diversification.

In a Boston Consulting Group (BCG) matrix, _____ are businesses that have only a small share of a quickly growing market.

During the maturity stage of a product life cycle:

_____ plans generally have an extended time horizon, and address questions of scope, resource deployment, competitive advantage, and synergy.

Zing Inc. is a large fashion brand that manufactures clothing and shoes. The top managers of Zing have decided to use the profits from its clothing outlets to invest in the shoes business. This scenario illustrates the _____ component of a strategy.

_____ plans have a short-term focus and are relatively narrow in scope.