STR 581 EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.

What does the strategy making, strategy executing process entail? - Answer-1. developing a strategic vision that charts the company's long term direction, a mission statement that describes the company's purpose, and a set of core values to guide the pursuit of the vision and mission 2. setting...

Which of the following are types of competitive strategies? - Answer-1. broad low-cost 2. broad differentiation 3. focused low-cost 4. focused differentiation 5. best-cost Which of the following is a typical course of action for companies that pursue low-cost leadership? - Answer-offering lowe...

The steps involves in creating a diversified company's corporate strategy include ______ - Answer-1. picking new industries to enter and the means for entering them 2. establishing investment priorities 3. leveraging cross-business value chain relationships into competitive advantage Diversifyi...

What are reasons that companies expand into foreign markets? - Answer-1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - Answer-take advantage of new resources and capabilities ...

The best strategic offensives for companies involve which of the following? - Answer-1. striving to convert a competitive advantage into a sustainable advantage 2. overwhelming rivals with swift and decisive action A company's strategic offensive should be based on ____ - Answer-the company's s...

Which of the following statements accurately describe the process of executing a business strategy? - Answer-1. executing a business strategy is an action-driven activity 2. Executing a business strategy requires managers who work effectively with colleagues What three key actions are required to...