Question 1

Front-line managers have the final responsibility for strategic planning.

Accepted Answer

A) True 
 B)False

Question 2

A business activity that an organization does particularly well relative to its competition is known as a(n) _____.

Accepted Answer

The answer of A business activity that an organization does...

Question 3

List the four components of a SWOT analysis.

Accepted Answer

A SWOT includes stre...

Question 4

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Accepted Answer

A)   corporate-level strategies.
B)   functional-level strategies.
C)   tactical-level strategies.
D)   business-level strategies.
E)   retrenchment strategies.F) All of the above
G) A) and C)

Question 5

Corporate-level strategy pertains to the organization as a whole.

Accepted Answer

A) True 
 B)False

Question 6

The dog, according to the BCG Matrix, is a poor performer.

Accepted Answer

A) True 
 B)False

Question 7

The "How do we compete?" question concerns functional-level strategy.

Accepted Answer

A) True 
 B)False

Question 8

_____ refers to the modification of product design and promotional strategies to suit the specific needs of individual countries.

Accepted Answer

A)   Domestic strategy
B)   Global strategy
C)   Transnational strategy
D)   Multidomestic strategy
E)   Market design strategyF) C) and E)
G) D) and E)

Question 9

The three levels of strategy are business, corporate and global.

Accepted Answer

A) True 
 B)False

Question 10

An SBU stands for Star Business Unit.

Accepted Answer

A) True 
 B)False

Question 11

A transnational strategy combines degrees of both global standardization and national responsiveness.

Accepted Answer

A) True 
 B)False

Question 12

When an organization chooses a(n) _____ strategy, it means that business decisions such as product design are made on a country-by-country basis.

Accepted Answer

The answer of When an organization chooses a(n) _____ strategy,...

Question 13

Which of the following is an intangible asset that an organization derives considerable competitive advantage from relative to its industry competition?

Accepted Answer

A)   Strategy
B)   Synergy
C)   Cash cow
D)   Core competence
E)   Multi domesticityF) C) and D)
G) D) and E)

Question 14

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Accepted Answer

A) True 
 B)False

Question 15

Where does the information come from concerning environmental opportunities and threats

Accepted Answer

A)   An analysis of the organization's internal environment
B)   A department by department study of the organization
C)   Scanning the external environments
D)   Employee grievances
E)   Financial ratios of the organizationF) A) and D)
G) A) and E)

Question 16

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Accepted Answer

A) True 
 B)False

Question 17

Diversification is a strategy of moving into new lines of business.

Accepted Answer

A) True 
 B)False

Question 18

With a(n) _____ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions and uses tight cost controls to produce products more efficiently than competitors.

Accepted Answer

The answer of With a(n) _____ strategy, the organization aggressively...

Question 19

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

Accepted Answer

The answer of The plan of action that prescribes resource...

Question 20

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

Accepted Answer

A) True 
 B)False

Exam 8: Strategy Formulation and Execution

When an organization chooses a(n) _____ strategy, it means that business decisions such as product design are made on a country-by-country basis.

Correct AnswerverifiedShow Answer

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Correct AnswerverifiedShow Answer

The dog, according to the BCG Matrix, is a poor performer.

Correct AnswerverifiedShow Answer

Front-line managers have the final responsibility for strategic planning.

Correct AnswerverifiedShow Answer

Which of the following is an intangible asset that an organization derives considerable competitive advantage from relative to its industry competition?

Correct AnswerverifiedShow Answer

An SBU stands for Star Business Unit.

Correct AnswerverifiedShow Answer

Diversification is a strategy of moving into new lines of business.

Correct AnswerverifiedShow Answer

The three levels of strategy are business, corporate and global.

Correct AnswerverifiedShow Answer

A business activity that an organization does particularly well relative to its competition is known as a(n) _____.

Correct AnswerverifiedShow Answer

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

Correct AnswerverifiedShow Answer

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Correct AnswerverifiedShow Answer

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

Correct AnswerverifiedShow Answer

Corporate-level strategy pertains to the organization as a whole.

Correct AnswerverifiedShow Answer

The "How do we compete?" question concerns functional-level strategy.

Correct AnswerverifiedShow Answer

_____ refers to the modification of product design and promotional strategies to suit the specific needs of individual countries.

Correct AnswerverifiedShow Answer

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Correct AnswerverifiedShow Answer

List the four components of a SWOT analysis.

Correct AnswerverifiedA SWOT includes stre...View AnswerShow Answer

With a(n) _____ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions and uses tight cost controls to produce products more efficiently than competitors.

Correct AnswerverifiedShow Answer

A transnational strategy combines degrees of both global standardization and national responsiveness.

Correct AnswerverifiedShow Answer

Where does the information come from concerning environmental opportunities and threats

Correct AnswerverifiedShow Answer

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A SWOT includes stre...
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