TEST BANK for Essentials of Strategic Management: The Quest for Competitive Advantage 7th Edition by John E Gamble Updated A+
43 views 1 purchase
Course
Essentials of Strategic Management: The Quest for
Institution
Essentials Of Strategic Management: The Quest For
Book
ISE Essentials of Strategic Management: The Quest for Competitive Advantage
TEST BANK for Essentials of Strategic Management: The Quest for Competitive Advantage 7th Edition by John E Gamble Updated A+ TABLE OF CONTENTS: Chapter 1 The Demand for Audit and Other Assurance Services Cha pter 2 The Public Accounting Profession and Audit Quality Chapter 3 Professional Ethics an...
TEST BANK for Essentials of Strategic Management: The Quest for Competitive Advantage 7th Edition by John E Gamble. Complete Chapters 1-10.
All for this textbook (2)
Written for
Essentials of Strategic Management: The Quest for
All documents for this subject (2)
Seller
Follow
ASolution
Reviews received
Content preview
Essentials of Strategic Management: The Quest for Competitive Advantage 7th Edition by John E
Gamble
Essentials of Strategic Management: The
Quest for Competitive Advantage 7th
Edition by John E Gamble
A+ Page 1
, Essentials of Strategic Management: The Quest for Competitive Advantage 7th Edition by John E
Gamble
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question.
1) Managers in all types of businesses must develop a clear answer for which of the
following questions?
A) Where are we now?
B) Where do we want to go from here?
C) What is the set of actions that we need to take to outperform the company’s
competitors and achieve superior profitability?
D) When will we know we are there?
E) What moves and approaches do we need to gain advantage in the marketplace?
2) A company’s strategy consists of
A) actions to develop a more appealing business model than rivals.
B) plans involving alignment of organizational activities and strategic objectives.
C) offensive and defensive moves to generate revenues and increase profit margins.
D) competitive moves and approaches that managers have developed to grow the
business, attract and please customers, conduct operations, and achieve targeted objectives.
E) its strategic vision, its strategic objectives, and its strategic intent.
3) The competitive moves and business approaches a company’s management is using to
grow the business, compete successfully, attract and please customers, conduct operations,
respond to changing economic and market conditions, and achieve organizational objectives is
referred to as its
A) strategy.
B) moves to imitate key rivals.
C) strategic mission.
A+ Page 2
, Essentials of Strategic Management: The Quest for Competitive Advantage 7th Edition by John E
Gamble
D) business model.
Version 1 1
A+ Page 3
, Essentials of Strategic Management: The Quest for Competitive Advantage 7th Edition by John E
Gamble
E) strategic vision.
4) The essence of strategy is
A) developing lasting success that can support growth and secure the company’s future
over the long term.
B) re-creating a business model with regularity.
C) matching rival businesses’ products and quality dimensions in the marketplace.
D) building profits for short-term success.
E) realigning the market to provoke change in rival companies.
5) A company’s strategy has a chance of succeeding only when it is predicated on
A) building revenues, controlling costs, and generating an attractive profit.
B) actions, business approaches, and competitive moves aimed at appealing to buyers
and setting the company apart from rivals.
C) management’s concepts of “where we have been,” “where we are headed,” and
“where we need to go.”
D) the approval of a business model by a company’s board of directors that spells out
how to outcompete with rivals and make the company profitable.
E) educated choices that management has made regarding which financial and
operating plans to pursue.
6) Under Armour, a multinational sports apparel company, plans entry into a new
geographical location, Vietnam, considered an emerging market, with its established and best-
selling product line: women’s running shorts. How should Under Armour not craft a strategy to
enhance future profits in Vietnam?
A+ Page 4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ASolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
