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MGMT 4513 Strategic Management @ Oklahoma State University - Dr. Federico Aime - Quiz Questions & Study Set || with A+ Guaranteed Solutions.$12.49
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MGMT 4513 Strategic Management @ Oklahoma State Un
MGMT 4513 Strategic Management @ Oklahoma State Un
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MGMT 4513 Strategic Management @ Oklahoma State University - Dr. Federico Aime - Quiz Questions & Study Set || with A+ Guaranteed Solutions.
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MGMT 4513 Strategic Management @ Oklahoma State Un
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MGMT 4513 Strategic Management @ Oklahoma State Un
The hierarchy of organizational goals is in this order (least specific to most specific): correct answers A: Vision statements, strategic objectives
B: Mission statements, vision statements, strategic objectives
C: Vision statements, mission statements, strategic objectives
D: Mission stat...
MGMT 4513 Strategic Management @ Oklahoma State
University - Dr. Federico Aime - Quiz Questions & Study Set
|| with A+ Guaranteed Solutions.
The hierarchy of organizational goals is in this order (least specific to most specific): correct
answers A: Vision statements, strategic objectives
Some excellent examples of mission statements are: "To be the happiest place on Earth"
(Disney), and "restoring patients to full life" (Medtronic). correct answers A: True
B: False
Correct Answer is B
Organizational goals and objectives should be vague in order to allow changes in strategy.
correct answers A: True
B: False
Correct Answer is B
Increasingly larger numbers of women are entering the workforce since the early 1970s is an
example of... correct answers A: sociocultural changes
B: demographic changes
C: political and legal environmental changes
D: technological developments
Correct Answer is A
An industry is defined as: correct answers A: a group of firms producing products that are close
substitutes
B: firms that have the same seven digit standards industrial code
,C: a group of firms producing the same items
D: firms producing items that sell through the same distribution channels
Correct Answer is A
The five forces model (buyers/suppliers/new entrants/substitutes/rivalry) is a firm-level
analytical model which explains difference in performance between the firms that compete in
one industry. correct answers A: True
B: False
Correct Answer is B
Which is considered a force in the "Five-Forces" model? correct answers A: Increased
deregulation
B: The threat of government intervention
C: Rivalry among competing forms
D: Recent technological innovation
Correct Answer is C
Because the Internet lowers barriers to entry in most industries, it... correct answers A: Increases
supplier power
B: Makes it easier to build customer loyalty
C: Decreases the threat of new entrants
D: Increases the threat of new entrants
Correct Answer is D
Which of the following is NOT an entry barrier to an industry? correct answers A: Customer
product loyalty
B: Bargaining power of suppliers
C: Economies of scale
D: Expected competitor retailiation
Correct Answer is B
, Industries characterized by high economies of scale typically attract fewer new entrants. correct
answers A: True
B: False
Correct Answer is A
Which of the following firms would likely pose the least competitive threat? correct answers A:
A firm in the same industry and the same strategic group
B: A form in the same industry and in the nearest strategic group looking to join your group
C: A competitor to your product where a high switching cost exists
D: A firm that produces substitute goods to your product line
Correct Answer is C
The bargaining power of suppliers is enhanced under the following market condition correct
answers A: dominance by a few suppliers.
B: greater availability of substitute products.
C: low differentiation of the supplier's products.
D: no threat of forward integration.
Correct Answer is A
A certain marble quarry provides a unique type of marble that is richly colored and strikingly
veined. It has been used for churches and public buildings throughout the world. The architect of
a new headquarters for a prestigious Fortune 500 firms has specified the use of this marble, and
this marble only, for this project. which of the following statements is most likely to be true?
correct answers A: The cost of the marble will be expensive because of the high strategic stakes
involved.
B: The cost of the marble will be expensive because of the bargaining power of the supplier.
C: The cost of the marble will be moderate because of economies of scale.
D: The cost of the marble will be moderate because of the bargaining power of the buyer.
Correct Answer is B
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