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MGT103 Final Exam |Questions with 100% Correct Answers
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MGT103 Final Exam |Questions with 100% Correct Answers
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MGT103 Final Exam |Questions with100% Correct Answers
The starting point in formulating strategies is usually
A. SWOT analysis
B. resource deployment
C. divesting
D. deskilling
E. contingency analysis - ✔ ✔ A
...... are skills and capabilities that enable an organization to create and implement its strategies
A. market opportunities
B. organizational opportunities
C. market strengths
D. environmental strengths
E. organizational strengths - ✔ ✔ E
..... plans have a short-term focus and are relatively narrow in scope
A. corporate
B. tactical
C. operational
D. contingency
E. strategic - ✔ ✔ C
,Which of the following statements is true about tactial goals?
A. Their focus is on how to operationalize actions necessary to achieve strategic goals
B. Their focus is on broad and long-term issues such as inceasing the profitability of the
organization over a period of time
C. They are set for and by top managers
D. They are set for and by the boards of directors
E. They are broad and nonspecific - ✔ ✔ A
A firm pursuing a(n) ..... strategy concentrates on a specific regional market, product line, or
group of buyers
A. overall cost leadership
B. divesting
C. restraint of trade
D. anti-competitive
E. focus - ✔ ✔ E
The process of choosing one alternative from among a set of alternatives is called
A. rational ignorance
B. altruism
C. bounded rationality
D. decision making
E. groupthink - ✔ ✔ D
SuperWheels is a large firm that manufactures bicycles. The company sells a line of basic
children's bikes targeted at a specific market segment. Because of its economies of scale,
the amount SuperWheels spends per unit in production is extremely low, and it is able to
price these bikes lower than the competition. Which of the following strategies is illustrated
in the scenario?
A. focus strategy with cost leadership focus
, B. cost leadership strategy with differentiation focus
C. focus strategy with differentiation focus
D. differentiation strategy
E. overall cost leadership strategy - ✔ ✔ A
Supertech Inc. is a large firm that manufactures gadgets and mobile phones. The company
sells a line of inexpensive mobile phones exclusively targeted at youth and teenagers in
Selenasia. Which of the following strategies is illustrated in the scenario?
A. differentiation strategy
B. focus strategy
C. restraint of trade strategy
D. anti-competitive strategy
E. divesting strategy - ✔ ✔ B
Strategic goals are set by
A. first-line managers
B. middle managers
C. top managers
D. stockholders
E. consumers - ✔ ✔ c
Hydraliscious is a juice brand that sells a wide range of fruit juices that only uses organic
ingredients, which is its uniqueness when compared with other brands. Even though
Hydraliscious juices are highly priced, a lot of customers buy them because of the quality of the
juices. Hydraliscious is most likely to be using a(n) .... strategy
A. differentiation
B. cost-leadership
C. divesting
D. bunble pricing
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