Exam (elaborations)
STRATEGIC MANAGEMENT MULTIPLE CHOICE EXAMBANK QUESTIONS AND ANSWERS LATEST UPDATED A+ GRADED.
- Course
- Institution
STRATEGIC MANAGEMENT MULTIPLE CHOICE EXAMBANK QUESTIONS AND ANSWERS LATEST UPDATED A+ GRADED.
[Show more]
Content preview
STRATEGIC MANAGEMENT MULTIPLE CHOICEEXAMBANK QUESTIONS AND ANSWERS
LATEST UPDATED A+ GRADED.
The two general types of diversification strategies are related
diversification and unrelated diversification. When are businesses said to
be related?
A. When they compete in the same SIC code industry
B. When they are about the same size
C. When they compete in about the same areas
D. When their objectives and strategies are about the same
E. When their value chains possess competitively valuable cross-business
strategic fits
Verified Answer -E
The largest consumer-products company in the world, Procter & Gamble
(P&G), is in the process of selling more than half of its brands (nearly
100) in order to focus on its core brands (about 80). What is this strategy
called?
A. Divestiture
,B. Declassification
C. Reengineering
D. Bankruptcy
E. Retrenchment
Verified Answer -A
Objectives should include which of the following characteristics?
A. Measurable, realistic, and holistic
B. Measurable, challenging, and hierarchical
C. Qualitative, obtainable, congruent among organizational units, and
associated with a timeline
D. Qualitative and actionable
E. Divisional and actionable
Verified Answer -B
The time frame for long-term objectives and strategies should be
consistent, usually from ______ to ______ years.
,A. 1; 15
B. 2; 10
C. 1; 10
D. 2; 5
E. 1; 5
Verified Answer -D
According to Michael Porter, strategies allow organizations to gain
competitive advantage from two different bases. What are the bases?
A. Cost containment and price
B. Price and Quality
C. Cost leadership and differentiation
D. Value and procurement
E. Differentiation and quality
Verified Answer -C
, The Global Capsule in Chapter 5 says perhaps the best variable to
monitor and to use to decide where to begin doing business is what
factor?
A. Population growth
B. Gross Domestic Product
C. National crime rate
D. Internet penetration
E. Interest rates
Verified Answer -B
If an organization's present suppliers are especially expensive, unreliable,
or incapable of meeting the firm's needs for parts, components,
assemblies, or raw materials, what strategy is best?
A. Market development
B. Horizontal diversification
C. Backward integration
D. Divestiture
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 AcademicAllure. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73091 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
