1. Which of the following is NOT a type of strategy developed from a SWOT analysis?
i. A)Strengths/Opportunities
ii. B)Strengths/Threats
iii. C)Threats/Opportunities.
iv. D)Weaknesses/Opportunities
v. E)Weaknesses/Threats
2. The process of developing a vision and mission statement often includes which of these
as the first activity?
i. A)Requesting that managers modify the current documents
ii. B)Asking managers to read selected articles about vision and mission
statements
iii. C)Asking managers to prepare a vision statement for the organization
iv. D)A brainstorming session on whether the organization should have only a
vision statement
v. E)Merging several mission statements into one document
3. Which of the following is NOT a management issue central to strategy implementation?
i. A)Devising policies
ii. B)Revising reward and incentive plans
iii. C)Performing an internal audit
iv. D)Minimizing resistance to change
v. E)Developing an effective human resources function
4. In the Boston Consulting Group (BCG) Matrix, which strategy would be most
appropriate for a division classified as a Dog?
i. A)Market penetration
ii. B)Market development
iii. C)Product development
iv. D)Retrenchment
v. E)Forward integration
5. Which of these basic questions should a vision statement answer?
i. A)What is our business?
ii. B)What is our core strength?
iii. C)What are our challenges?
iv. D)What do we want to become?
v. E)Who are our competitors?
6. Uber has fewer fixed assets than the typical taxi fleet company. This type of benefit that a
company such as Uber has is called a(n)
i. A)business moat.
ii. B)first-mover advantage.
iii. C)asset margin.
iv. D)strategic advantage.
v. E)competitive advantage.
7. What is the first step in the comprehensive strategic-management model?
i. A)Developing vision and mission statements.
ii. B)Performing external audits
iii. C)Performing internal audits
iv. D)Measuring and evaluating performance
v. E)Establishing long-term objectives
8. Generally, external opportunities and threats are
i. A)uncontrollable by a single organization.
ii. B)unable to have a significant impact on an organization.
iii. C)not worth monitoring and evaluating.
iv. D)key functions in strategy implementation.
v. E)key functions in strategy exploitation.
9. The emergence of 3D printing is an example of a(n) ____ force that impacts
organizations.
i. A)economic
ii. B)legal
iii. C)political
iv. D)social, cultural, demographic, and environment (SCDE)
v. E)technological
10. the mission statement should reflect the anticipation of ____
i. A)customers.
ii. B)government.
iii. C)investors.
iv. D)lenders.
v. E)suppliers.
11. An important activity in ____ is taking corrective action.
i. A)strategy evaluation.
ii. B)strategy implementation
iii. C)strategy formulation
iv. D)strategy leadership
v. E)strategic analysis
12. What is the most complex form of organizational structure?
i. A)Divisional
ii. B)SBU
iii. C)Matrix
iv. D)Functional
v. E)Geographic
13. The acronym SCDE stands for social, cultural, demographic, and ____ forces.
i. A)economic
ii. B)ecological
iii. C)ethnic
iv. D)external
v. E)environment
14. Strategy evaluation is necessary because _
i. A)internal and external factors are constantly changing.
ii. B)the SEC requires strategy evaluation.
iii. C)success today is a guarantee of success tomorrow.
iv. D)the IRS requires strategy evaluation.
v. E)firms have limited resources.
15. In which phase of strategic management are annual objectives especially important?
i. A)Reduction
ii. B)Formulation
iii. C)Implementation.
iv. D)Evaluation
v. E)Policy
16. A firm's strengths that cannot be easily matched or imitated by competitors are called
i. A)internal audits.
ii. B)distinctive competencies.
iii. C)external audits.
iv. D)interrelated properties.
v. E)internal properties.
17. A pattern of behavior developed by an organization as it learns to cope with its problems
of external adaptation and internal integration, and that has worked well enough to be
considered valid and to be taught to new members as the correct way to perceive, think,
and feel is called
i. A)dysfunctional behavior.
ii. B)groupthink.
iii. C)behavior modification.
iv. D)organizational culture.
v. E)internal audit effect.
18. What category of ratios measures a firm's ability to meet its short-term obligations?
i. A)Profitability
ii. B)Liquidity
iii. C)Leverage
iv. D)Activity
v. E)Growth
19. Since ___ resources can more easily be bought and sold, ___ resources are often more
important for gaining and sustaining competitive advantages.
i. A)tangible; intangible
ii. B)intangible; tangible
iii. C)tangible; organizational
iv. D)intangible; external
v. E)internal; external
20. Which stage of the strategy-formulation framework involves the Quantitative Strategic
Planning Matrix?
i. A)Stage 1
ii. B)Stage 2
iii. C)Stage 3
iv. D)Stage 4
v. E)Stage 5
21. An overly general mission statement that ____ could be dysfunctional.
i. A)does not exclude any strategy alternatives
ii. B)encourages management creativity
iii. C)excludes all diversification
iv. D)endorses the consideration of feasible potential strategies
v. E)allows for the generation and consideration of a range of alternative
objectives
22. Performing a(n) ____ analysis is a common way to determine the appropriate capital
structure needed.
i. A)five-forces
ii. B)EPS/EBIT
iii. C)value chain
iv. D)business model
v. E)SWOT
23. The goal of strategic management is to
i. A)achieve competitive advantage.
ii. B)maintain competitive advantage.
iii. C)achieve and maintain competitive advantage.
iv. D)eliminate competitive advantage.
v. E)eliminate and abolish competitive advantage.
24. What is one of the dimensions of the IE Matrix?
i. A)Industry position
ii. B)Stability position
iii. C)Competitive position
iv. D)EFE Total Weighted Scores
v. E)none of the above
25. According to Drucker, a business' mission is the foundation for all of the following
EXCEPT
i. A)priorities.
ii. B)strategies.
iii. C)plans.
iv. D)employee wage rates.
v. E)work assignments.
26. According to the comprehensive strategic-management model, which step immediately
follows the establishment of long-term objectives?
i. A)Developing vision and mission statements
ii. B)Performing external audits
iii. C)Performing internal audits
iv. D)Generating, evaluating, and selecting strategies
v. E)Measuring and evaluating performance
27. Which function of management includes all of those activities undertaken to ensure
actual operations conform to planned operations?
i. A)Planning
ii. B)Organizing
iii. C)Motivating
iv. D)Staffing
v. E)Controlling
28. The following excerpt (quote) from a mission statement illustrates which of the nine
essential components of a mission statement?
i. "We believe our first responsibility is to the doctors, nurses, patients,
mothers, and all others who use our products and services."
ii. A)Markets
iii. B)Customers
iv. C)Concern for Employees
v. D)Concern for Public Image
vi. E)Technology
29. Strategy analysis and choice largely involves making ___ decisions based on ___
information.
i. A)long-term; short-term
ii. B)subjective; objective
iii. C)short-term; long-term
iv. D)subjective; short-term
v. E)objective; subjective
30. In order to appeal to diverse stakeholders, an effective mission statement should be
i. A)inflammatory.
ii. B)provocative.
iii. C)contentious.
iv. D)reconciliatory.
v. E)dysfunctional.
31. In performing strategic planning and case analysis, relevant SCDE factors for a particular
firm must be ____ and actionable to be useful.
i. A)important
ii. B)past focused
iii. C)present focused
iv. D)quantified
v. E)secular
32. Which of the following is NOT a key question that can reveal internal strengths and
weaknesses regarding a firm's marketing function?
i. A)Does the firm have an effective sales organization?
ii. B)Has the firm's market share been increasing?
iii. C)Are markets segmented effectively?
iv. D)Are the firm's products and services priced appropriately?
v. E)Does the firm have good liquidity
33. Which statement best describes intuition?
i. A)It alone should be used in decision making.
ii. B)It represents a minor factor in decision making integrated with analysis.
iii. C)It should be coupled with analysis in decision making.
iv. D)It is better than analysis in decision making.
v. E)It is management by ignorance
34. What are the three categories of approaches for managing and resolving conflict?
i. A)Avoidance, defusion, and confrontation
ii. B)Avoidance, apathy, and defusion
iii. C)Ignorance, indifference, and apathy
iv. D)Defusion, apathy, and avoidance
v. E)Indifference, avoidance, and role playing
35. A systematic and ethical process for gathering and analyzing information about the
competition's activities and general trends to further a business' own goals is called __
i. A)unethical business practices.
ii. B)artificial intelligence.
iii. C)competitive intelligence.
iv. D)industrial espionage.
v. E)competitive advantage.
36. What question is asked in combination with the philosophy component of a mission
statement?
i. A)What are the firm's major products or services?
ii. B)Is the firm committed to growth and financial soundness?
iii. C)What are the basics, values, aspirations, and ethical priorities of the
firm?
iv. D)Is the firm responsive to social, community, and environmental
concerns?
v. E)Are employees a valuable asset of the firm
37. ____ is NOT a strategy-implementation activity.
i. A)Taking corrective actions.
ii. B)Establishing annual objectives
iii. C)Devising policies
iv. D)Allocating resources
v. E)Motivating employees
38. A ____ statement specifies a firm's commitment to integrity, fairness, discipline, equal
employment opportunity, teamwork, accountability, continuous improvement, and/or
other such exemplary attributes.
i. A)strategy
ii. B)business model
iii. C)core values.
iv. D)stakeholder
v. E)planning
39. The first activity in the strategy-evaluation process is to
i. A)develop organizational goals.
ii. B)examine the underlying bases of a firm's strategy.
iii. C)compare expected results with actual results.
iv. D)examine the capital structure.
v. E)take corrective actions to ensure that performance conforms to plans.
40. Which is NOT a major factor that commonly prohibits effective resource allocation?
i. A)Underprotection of resources
ii. B)Organizational politics
iii. C)Having vague strategy targets
iv. D)A reluctance to take risks
v. E)A lack of sufficient knowledge
41. ___ is a business technique that involves using software to mine huge volumes of data to
help executives make decisions.
i. A)Production management
ii. B)Operations management
iii. C)Strategic planning
iv. D)Business modeling
v. E)Business analytics
42. ____ exemplifies the complexity of relationships among the functional areas of business.
i. A)Government auditing
ii. B)External auditing
iii. C)Financial ratio analysis
iv. D)Environmental scanning
v. E)Distribution strategy
43. Long-term objectives should be all of the following EXCEPT
i. A)measurable.
ii. B)continually changing.
iii. C)reasonable.
iv. D)challenging.
v. E)consistent
44. Which of the following is NOT one of the steps involved in constructing a SWOT
Matrix?
i. A)List the firm's key external threats.
ii. B)Match internal strengths with external opportunities, and record the
resultant SO strategies in the appropriate cell.
iii. C)Match internal strengths with external threats, and record the resultant
ST strategies.
iv. D)List the firm's external weaknesses.
v. E)List the firm's external opportunities
45. What types of skills are especially critical for successful strategy implementation?
i. A)Interpersonal.
ii. B)Marketing
iii. C)Technical
iv. D)Conceptual
v. E)Visionary
46. How do line managers become "owners" of the strategy?
i. A)By attending top manager meetings
ii. B)By executing plans formulated by other people
iii. C)By involvement in the strategic-management process.
iv. D)By becoming a shareholder of the firm
v. E)By buying off top managers
47. the initial step in developing an IFE Matrix is
i. A)attaching a cost to each discrete activity.
ii. B)assigning weights to key internal factors.
iii. C)assigning ratings to key internal factors.
iv. D)obtaining weighted scores.
v. E)developing a full and narrow list of key internal factors.
48. Strategy evaluation is necessary because _
i. A)internal and external factors are constantly changing.
ii. B)the SEC requires strategy evaluation.
iii. C)success today is a guarantee of success tomorrow.
iv. D)the IRS requires strategy evaluation.
v. E)firms have limited resources.
49. What are enduring statements of purpose that distinguish one business from other similar
firms?
i. A)Policies
ii. B)Mission statements.
iii. C)Objectives
iv. D)Rules
v. E)Employee conduct guidelines
50. Which of these strategies is effective when the number of suppliers is small and the
number of competitors is large?
i. A)Conglomerate diversification
ii. B)Forward integration
iii. C)Concentric diversification
iv. D)Backward integration
v. E)Horizontal diversification
51. The other name for operating income is
i. A)net income.
ii. B)earnings-per-share.
iii. C)earnings-before-interest-and-taxes.
iv. D)gross margin.
v. E)return on assets.
52. Which strategy is effective when new, but related, products could be offered at highly
competitive prices?
i. A)Forward integration
ii. B)Related diversification
iii. C)Related integration
iv. D)Conglomerate diversification
v. E)Unrelated diversification
53. The Boston Consulting Group (BCG) Matrix is designed specifically to enhance which
type of firm's efforts to formulate strategies?
i. A)Companies with more than one division
ii. B)Large companies
iii. C)Companies with annual sales greater than $1 million
iv. D)Companies with annual sales of less than $1 million
v. E)All companies
54. The potential for creative growth in an organization can be limited by
i. A)an overemphasis on stakeholders.
ii. B)not enough emphasis on stakeholders.
iii. C)a mission statement that is too general.
iv. D)a mission statement that is too specific.
v. E)a mission statement that is too dynamic.
55. Financial objectives involve all of the following EXCEPT
i. A)growth in revenues.
ii. B)larger market share.
iii. C)higher dividends.
iv. D)greater return on investment.
v. E)a rising stock price.
56. The IFE Matrix should be ____ in multidivisional firms.
i. A)constructed for each autonomous division
ii. B)all-inclusive
iii. C)constructed only for the major divisions
iv. D)developed before the EFE Matrix
v. E)revised monthly
57. What principle is based on the belief that the true measure of a really good strategist is
the ability to solve problems?
i. A)Management by crises
58. Too often, strategists develop ____ only when the organization is in trouble.
i. A)business models
ii. B)financial statements
iii. C)budgets
iv. D)policies
v. E)vision and mission statements
59. The denominator of EPS is
i. A)treasury stock.
ii. B)shares authorized.
iii. C)average number of shares.
iv. D)shares outstanding.
v. E)preferred shares.
60. A hospital that is formulating pharmaceutical products for use by in-patients is an
example of which type of strategy?
i. A)Forward integration
ii. B)Backward integration
iii. C)Horizontal integration
iv. D)Related diversification
v. E)Unrelated diversification
61. Which question is NOT answered in an effective mission statement?
i. A)Is the firm committed to growth and financial soundness?
ii. B)Are employees a valuable asset of the firm?
iii. C)Geographically, where does the firm compete?
iv. D)Who are the firm's customers?
v. E)Are the firm's profits adequate?
62. Which is NOT a major factor that commonly prohibits effective resource allocation?
i. A)Underprotection of resources
ii. B)Organizational politics
iii. C)Having vague strategy targets
iv. D)A reluctance to take risks
v. E)A lack of sufficient knowledge
63. A weak rupee means
i. A)lower exports and higher imports.
ii. B)lower exports and lower imports.
iii. C)lower exports and no effect on imports.
iv. D)higher exports and higher imports.
v. E)higher exports and lower imports.
64. Which question is NOT addressed in an effective mission statement?
i. A)Is the firm committed to growth and financial soundness?
ii. B)Are employees a valuable asset of the firm?
iii. C)Geographically, where does the firm compete?
iv. D)Who are the firm's customers?
v. E)What are the updated balances of leading accounts on the firm's balance
sheet?
65. An effective mission statement should do all of the following EXCEPT
i.
a. include monetary amounts, numbers, percentages and ratios.
b. reveal that the firm is environmentally responsible.
c. be inspiring.
d. be reconciliatory.
66. Who is referred to as "the father of modern management"?
a.
a. Yeung
b. Drucker
c. McGinnis
d. Cleland
e. Campbell
67. Because of the success of the iPad and the iPhone, Apple has tremendous brand
recognition. Brand recognition is one of Apple's
i. A)weaknesses.
ii. B)opportunities.
iii. C)strengths.
iv. D)threats.
v. E)strategies.
68. All of the following situations are conducive (supportive) to market development
EXCEPT
i. A)when new channels of distribution are expensive and unreliable.
ii. B)when an organization is successful at what it does.
iii. C)when new untapped or unsaturated markets exist.
iv. D)when an organization has excess production capacity.
v. E)when an organization's basic industry is rapidly becoming global in
scope.
69. Which matrix is included in the decision stage of the strategy formulation framework?
i. A)Internal Factor Evaluation (IFE) Matrix
ii. B)Quantitative Strategic Planning Matrix (QSPM)
iii. C)Boston Consulting Group (BCG) Matrix
iv. D)Grand Strategy Matrix
v. E)none of the above
70. All of the following are political, governmental, and legal variables that can represent key
opportunities or threats to organizations EXCEPT
i. A)tariffs.
ii. B)environmental regulations.
iii. C)level of defense expenditures.
iv. D)legislation on equal employment.
v. E)population changes by race, age, sex, and level of affluence
71. Forward integration and backward integration are sometimes collectively referred to as
i. A)horizontal integration.
ii. B)diversification.
iii. C)vertical integration.
iv. D)stuck-in-the-middle.
v. E)hierarchical integration.
72. External audits attempt to identify key variables that offer ____ responses.
i. A)actionable
ii. B)authoritative
iii. C)profitable
iv. D)strategic
v. E)terminal
73. All of the following utility statements are relevant in developing a mission statement
EXCEPT
i. A)Do not offer me shoes. Offer me comfort for my feet and the pleasure of
walking.
ii. B)Do not offer me furniture. Offer me comfort and the quietness of a cozy
place.
iii. C)Do not offer me ideas, emotions, ambience, feelings, and benefits. Offer
me things.
iv. D)Do not offer me books. Offer me hours of pleasure and the benefit of
knowledge.
v. E)Do not offer me a house. Offer me security, comfort, and a place that is
clean and
74. There is a dramatic shift in mass retailing to
i. A)"trading up" and taking customers from more exclusive stores.
ii. B)selling only the most expensive merchandise.
iii. C)opening dramatically larger supercenters.
iv. D)operating stores with less square footage.
75. Annual objectives are essential for strategy implementation for all of the following
reasons EXCEPT
i. A)they represent the basis for allocating resources.
ii. B)they are a primary mechanism for evaluating managers.
iii. C)they are essential for keeping a strategic plan on track.
iv. D)they establish organizational, divisional, and departmental priorities.
v. E)they help improve organizational morale.
76. If suppliers are unreliable or too costly, which of these strategies may be appropriate?
i. A)Horizontal integration
ii. B)Backward integration
iii. C)Market penetration
iv. D)Forward integration
v. E)Concentric diversification
77. Which strategy should an organization use when its products are currently in the
declining stage of the product's life cycle?
i. A)Divestiture
ii. B)Related diversification
iii. C)Backward integration
iv. D)Unrelated diversification
v. E)Retrenchment
78. Which of the following is NOT true of vision statements?
i. A)A vision statement should reveal the type of business the firm engages.
ii. B)Vision statements should be written from a customer perspective.
iii. C)Vision statements should indicate the expected amounts of profits the
firm wants to make.
iv. D)A vision statement should describe a desired future state.
v. E)The vision statement needs to be doable, but challenging.
79. ____ forces are shaping the way people live, work, produce, and consume.
i. A)SCDE
ii. B)VUCA
iii. C)IO
iv. D)Porter's fivev. E)Internal
80. ___ is a business technique that involves using software to mine huge volumes of data to
help executives make decisions.
i. A)Production management
ii. B)Operations management
iii. C)Strategic planning
iv. D)Business modeling
v. E)Business analytics
81. Sometimes ___ is used to refer to strategic formulation, implementation and evaluation,
with ___ referring only to strategic formulation.
i. A)strategic planning; strategic management
ii. B)strategic planning; strategic processing
iii. C)strategic management; strategic planning.
iv. D)strategic management; strategic processing
v. E)strategic implementation; strategic focus
82. Which stage of the strategy-formulation framework includes an IFE Matrix and the
Competitive Profile Matrix?
i. A)Input
ii. B)Matching
iii. C)Decision
iv. D)Penetration
v. E)Resea
83. Specfic results an organization seeks to achieve in pursuing its basic mission are:
i.
a.strategies
b.rules
c.objectives
d.policies
e.mission
84. Internal __________ are activities in an organization that are performed especially well.
i.
a.opportunities
b.competencies
c.strengths
d.management
e.factors
85. What are the means by which long-term objectives will be achieved?
i.
a.strategies.
b.strengths.
c.weaknesses.
d.policies.
e.opportunities.
86.
The first step in strategic planning is generally:
i.
a.Developing a vision statement
b.Establishing goals and objectives
c.Making a profit
d.Developing a mission statement
e.Determining opportunities and threats
87. Which of the following is NOT an entry barrier to an industry?
a. expected competitor retaliation
b. economies of scale
c. customer product loyalty
d. bargaining power of suppliers
88. New entrants to an industry are more likely when (i.e., entry barriers are low when…)
a.
b.
c.
d.
it is difficult to gain access to distribution channels.
economies of scale in the industry are high.
product differentiation in the industry is low.
capital requirements in the industry are high.
89. All of the following are forces that create high rivalry within an industry EXCEPT
a.
b.
c.
d.
numerous or equally balanced competitors.
high fixed costs.
fast industry growth.
high storage costs.
90. According to the five factors model, an attractive industry would have all of the
following characteristics EXCEPT:
a. low barriers to entry.
b. suppliers with low bargaining power.
c. a moderate degree of rivalry among competitors.
d. few good product substitutes.
91. Which of the following is not a stage of strategy formulation techniques?
a.
b.
c.
d.
Formulation Framework
Matching stage
External factor evaluation
Decision stage
92. Which of these basic questions should a vision statement answer?
a.
b.
c.
d.
What is our business?
Who are our employees?
Why do we exist?
What do we want to become?
93. “To improve economic strength of society and function as a good corporate citizen on a
local, state, and national basis in all countries in which we do business”. This is a mission
statement that contains:
a.
b.
c.
d.
Self-concept
Economic concern
Products or Services
Concern for Public Image
94. what are guides to decision making?
a. laws
b.
c.
d.
e.
rules
policies
procedures
goals
95. External assessment is performed in which of the strategic management phase?
a. Strategy formulation stage
b. Strategy implementation stage
c. Strategy evaluation stage
d. All of the given options
96. In which situation would horizontal integration be an especially effective strategy?
i. A)When an organization can gain monopolistic characteristics in a
particular area or region without being challenged by the federal
government for "tending substantially" to reduce competition.
ii. B)When an organization competes in a slowing industry
iii. C)When decreased economies of scale provide major competitive
advantages
iv. D)When an organization has neither the capital nor human talent needed to
successfully manage an expanded organization
v. E)When competitors are succeeding due to managerial expertise or having
particular resources an organization possesses
97. What is NOT one of Michael Porter's five competitive forces?
i. A)Potential entry of new competitors
ii. B)Rivalry among competing firms
iii. C)Bargaining power of unions
iv. D)Bargaining power of suppliers
v. E)Bargaining power of consumers
98. To gain ____ firms need to provide unique products and services.
i. A)a bank loan
ii. B)governmental legitimacy
iii. C)a sustainable competitive advantage.
iv. D)competitors
v. E)export order
99. According to the comprehensive strategic-management model, which step immediately
follows the establishment of long-term objectives?
i. A)Developing vision and mission statements
ii. B)Performing external audits
iii. C)Performing internal audits
iv. D)Generating, evaluating, and selecting strategies
v. E)Measuring and evaluating performance
100.
Which ratio would be considered an activity ratio?
i. A)Debt-to-equity
ii. B)Net profit margin
iii. C)Average collection period
iv. D)Earnings per share
v. E)Current ratio
101.
Which component of a mission statement addresses the firm's major competitive
advantage?
i. A)Technology
ii. B)Philosophy
iii. C)Concern for public image
iv. D)Customers
v. E)Distinctive competence
102.
Policies help an organization in all of the following ways EXCEPT
i. A)let both employees and managers know what is expected of them.
ii. B)provide a basis for management control.
iii. C)allow coordination across organizational units.
iv. D)reduce the amount of time managers spend making decisions.
v. E)reduce work load of employees.
103.
Business or military success is
i. A)generally the happy result of accidental strategies.
ii. B)undermined by the element of surprise.
iii. C)the product of both attention to changing external and internal
conditions and the insightful adaptations to those conditions.
iv. D)unrelated to external conditions.
v. E)unrelated to internal conditions.
104.
Alfred Chandler's conclusions on the relationship between strategy and structure
can be summed up as
i. A)structure shapes strategy.
ii. B)strategy and structure are independent factors.
iii. C)structure and strategy are unrelated.
iv. D)structure follows strategy.
v. E)strategy follows structure.
105.
Which of these examples of a mission statement focus area does NOT identify the
utility of the firm's products to its customers?
i. A)AT&T focuses on communication rather than telephones.
ii. B)ExxonMobil focuses on oil and gas rather than energy.
iii. C)Union Pacific focuses on transportation rather than railroads.
iv. D)Universal Studios focuses on entertainment rather than movies.
v. E)A clothing retailer focuses on attractive looks rather than on clothes.
106.
All of these are pitfalls an organization should avoid in strategic planning
EXCEPT
i. A)using plans as a standard for measuring performance.
ii. B)using strategic planning to gain control over decisions and resources.
iii. C)failing to involve key employees in all phases of planning.
iv. D)too hastily moving from mission development to strategy formulation.
v. E)being so formal in planning that flexibility and creativity are stifled.
107.
All of the following situations are conducive to market development except:
i. when an organization competes in a high-growth industry
108.
Which strategy generally entails large research and development expenditures?
i. product development
109.
Which strategy should an organization use if it competes in a no-growth or a
slow-growth industry?
i. Related div
110.
Which term refers to selling a division of an organization?
i. divestiture
111.
Which of the following is not an example of when an organization should use an
unrelated diversification strategy?
i. When existing markets for an organization's present products are not yet
saturated.
112.
Which strategy is appropriate when an organization competes in an industry
characterized by rapid technological developments?
i. product development
113.
Which strategy seeks to increase market share of present products or services in
present markets through greater marketing efforts?
i. Market penetration
114.
What refers to a strategy of seeking ownership of, or increased control over a
firm's competitors?
i. Horizontal
115.
Integration strategies are sometimes collectively referred to as which of the
following categories of strategies?
i. Vertical
116.
What principle is built on the idea that there is no general plan for which way to
go and what to do?
i. Management by subjective
https://www.businessmanagementideas.com/strategic-management/strategic-managementmcq/20457
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https://issuu.com/iencm38/docs/strategic-management-a-competitive-_ebcd073965c68c