Question 1

Corporate-level strategy involves choosing the industry and countries in which a company will compete.

Accepted Answer

A) True 
 B)False

Question 2

Organizations that use a global strategy typically sell a different product and use a different marketing approach in each national market which they compete.

Accepted Answer

A) True 
 B)False

Question 3

A rule is a general guide to action within an organization.

Accepted Answer

A) True 
 B)False

Question 4

Jespher,Inc. ,allows Hertonz,a foreign organization,to take charge of both manufacturing and distributing one or more of its products in Thailand in return for a negotiated fee.This is an example of:

Accepted Answer

A)  exporting. 
B)  licensing. 
C)  a strategic alliance. 
D)  a joint venture. 
E)  a wholly owned foreign subsidy.

Question 5

According to Porter,organizations cannot simultaneously pursue both a low-cost strategy and a differentiation strategy.Illustrate why.Show how exceptions to this "rule" can be found,and give an example to demonstrate the point.

Accepted Answer

The answer of According to Porter,organizations cannot simultaneously pursue both...

Question 6

The tool that is used in situations when programmed decision making is appropriate is a ______________ plan.

Accepted Answer

A)  standing 
B)  scenario 
C)  rolling 
D)  single-use 
E)  tactical

Question 7

Firestone Tire and Rubber Company purchases rubber plantations in Africa so that it will have a source of supply for its tire manufacturing plants in Akron,Ohio.This is an example of a ______________ strategy.

Accepted Answer

A)  forward vertical integration 
B)  global 
C)  diversification 
D)  backward vertical integration 
E)  focused differentiation

Question 8

Ace Real Estate conducted a SWOT analysis,and their managers believe that this year's local market growth will be slower than in the past.The predicted slow market growth is a(n):

Accepted Answer

A)  strength 
B)  weakness 
C)  opportunity 
D)  threat 
E)  alternative

Question 9

In a strategic alliance,managers share their organization's resources and know-how with those of a foreign company,and the two organizations share the rewards or risks of starting a new venture in a foreign country.

Accepted Answer

A) True 
 B)False

Question 10

Managers should attempt to collect and use all available information in the organization's planning process.This emphasizes the ______________ aspect of planning.

Accepted Answer

A)  unity 
B)  flexibility 
C)  continuity 
D)  accuracy 
E)  synergy

Question 11

The major advantage of a multidomestic strategy is that managers may be able to gain market share or charge higher prices for their products.

Accepted Answer

A) True 
 B)False

Question 12

The organizational strategy that specifies the activities of managers at the departmental level of the organization is a _____________-level strategy.

Accepted Answer

A)  functional 
B)  business 
C)  corporate 
D)  divisional 
E)  top

Question 13

Explain briefly the three levels and three steps in the planning and strategy-making process.Also mention how they are linked with each other.

Accepted Answer

The answer of Explain briefly the three levels and three...

Question 14

The cluster of decisions that managers make to assist an organization to achieve its goals is known as:

Accepted Answer

A)  strategy. 
B)  scenario planning. 
C)  organizing. 
D)  needs assessment. 
E)  related diversification.

Question 15

Synergy is obtained by apportioning financial resources among divisions to increase financial returns or spread risks among different businesses.

Accepted Answer

A) True 
 B)False

Question 16

The level of an organization that contains the organization's marketing department,R&D department,and human resources department is the ______________ level.

Accepted Answer

A)  functional 
B)  first-line 
C)  corporate 
D)  business 
E)  divisional

Question 17

Achievement of goals does not have any time constraints.

Accepted Answer

A) True 
 B)False

Question 18

Single-use plans are useful in situations that involve programmed decisions in an organization.

Accepted Answer

A) True 
 B)False

Question 19

When Gallo purchased a company that makes wine bottles,it was involved in:

Accepted Answer

A)  horizontal integration. 
B)  backward vertical integration. 
C)  forward vertical integration. 
D)  upward integration. 
E)  strategic alliance.

Question 20

A program-an integrated set of plans for achieving certain goals-is an example of a standing plan.

Accepted Answer

A) True 
 B)False

Exam 6: Planning, Strategy, and Competitive Advantage

Corporate-level strategy involves choosing the industry and countries in which a company will compete.

Organizations that use a global strategy typically sell a different product and use a different marketing approach in each national market which they compete.

A rule is a general guide to action within an organization.

Jespher,Inc. ,allows Hertonz,a foreign organization,to take charge of both manufacturing and distributing one or more of its products in Thailand in return for a negotiated fee.This is an example of:

According to Porter,organizations cannot simultaneously pursue both a low-cost strategy and a differentiation strategy.Illustrate why.Show how exceptions to this "rule" can be found,and give an example to demonstrate the point.

The tool that is used in situations when programmed decision making is appropriate is a ______________ plan.

Firestone Tire and Rubber Company purchases rubber plantations in Africa so that it will have a source of supply for its tire manufacturing plants in Akron,Ohio.This is an example of a ______________ strategy.

Ace Real Estate conducted a SWOT analysis,and their managers believe that this year's local market growth will be slower than in the past.The predicted slow market growth is a(n) :

In a strategic alliance,managers share their organization's resources and know-how with those of a foreign company,and the two organizations share the rewards or risks of starting a new venture in a foreign country.

Managers should attempt to collect and use all available information in the organization's planning process.This emphasizes the ______________ aspect of planning.

The major advantage of a multidomestic strategy is that managers may be able to gain market share or charge higher prices for their products.

The organizational strategy that specifies the activities of managers at the departmental level of the organization is a _____________-level strategy.

Explain briefly the three levels and three steps in the planning and strategy-making process.Also mention how they are linked with each other.

The cluster of decisions that managers make to assist an organization to achieve its goals is known as:

Synergy is obtained by apportioning financial resources among divisions to increase financial returns or spread risks among different businesses.

The level of an organization that contains the organization's marketing department,R&D department,and human resources department is the ______________ level.

Achievement of goals does not have any time constraints.

Single-use plans are useful in situations that involve programmed decisions in an organization.

When Gallo purchased a company that makes wine bottles,it was involved in:

A program-an integrated set of plans for achieving certain goals-is an example of a standing plan.