BMGT 304 Strategic Management Mid Term || with Error-free Solutions.

BMGT 304 Strategic Management Mid Term ||
with Error-free Solutions.

1.GTheGfirstGstepGinGcraftingGaGstrategyGisGtheGSWOTGanalysis.

TrueGorGFalseG-GTrue.

TheGfirstGstepGinGcraftingGaGstrategy,GaGSWOTGanalysis,GcanGenableGtheGfirmGtoGpositionGit
selfGtoGtakeGadvantageGofGparticularGopportunitiesGinGtheGenvironmentGwhileGavoidingGorG
minimizingGenvironmentalGthreats.

2.GTheGvalueGchainGisGanGanalyticalGtechniqueGforGidentifyingGorganizationalGopportunities
GandGthreats.




TrueGorGFalseG-GFalse

TheGvalueGchainGisGaGusefulGtoolGforGanalyzingGaGfirm'sGstrengthsGandGweaknessesGandGu
nderstandingGhowGtheyGmightGtranslateGintoGcompetitiveGadvantageGorGdisadvantage.

3.GOpportunitiesGandGthreatsGshouldGemanateGfromGtheGanalysisGofGmacroenvironmentalG
andGindustryGforces.

TrueGorGFalseG-GTrue.

OpportunitiesGandGthreatsGareGdevelopedGfromGtheGanalysisGpreviouslyGperformedGonGthe
GmacroenvironmentGandGtheGindustry.




4.GAGfactorGcanGbeGbothGanGopportunityGandGaGstrength.

TrueGorGFalseG-GFalse.

OnlyGexternalGfactorsGcanGbeGopportunitiesGand/orGthreats,GwhereasGonlyGinternalGfactors
GcanGbeGstrengthsGand/orGweaknesses.




5.GAnotherGnameGforGanGopportunityGisGanGalternative.

TrueGorGFalseG-GFalse.

OpportunitiesGrepresentGtheGapplicationGofGmacroenvironmentalGforcesGtoGaGspecificGorga
nization,GwhereasGalternativesGemanateGfromGtheGSW/OTGmatrixGandGrepresentGspecificG
coursesGofGactionGthatGtheGorganizationGmayGchooseGtoGpursue.

,6.GChoosingGtheG"noGchange"GstrategyGandGtherebyGrecommendingGthatGtheGcurrentGstrat
egyGbeGcontinuedGisGtheGleastGriskyGoption.

TrueGorGFalseG-GFalse.

ChoosingGnotGtoGinstituteGanyGstrategicGchangesGcanGbeGmoreGriskyGthanGrecommendingG
majorGchangesGinGtheGstrategy,GdependingGonGtheGsituation.

7.GTheGtoolGthatGenablesGanGorganizationGtoGpositionGitselfGtoGtakeGadvantageGofGparticula
rGopportunitiesGinGtheGenvironmentGwhileGavoidingGorGminimizingGenvironmentalGthreatsGis
GcalledG




A.GPESTGanalysis.
B.GSWOTGanalysis.
C.GTQMGanalysis.
D.GnoneGofGtheGaboveG-GB.
TheGSWOTGanalysisGenablesGaGfirmGtoGpositionGitselfGtoGtakeGadvantageGofGparticularGopp
ortunitiesGinGtheGenvironmentGwhileGavoidingGorGminimizingGenvironmentalGthreats.

8.GTheGdescriptionGofGactivitiesGthatGcompriseGtheGeconomicGperformanceGandGcapabilitie
sGofGtheGfirmGisGknownGas

A.GtheGvalueGchain.
B.GprocessGinnovation.
C.GqualityGassessment.
D.GnoneGofGtheGaboveG-
GA.GTheGvalueGchainGdescribesGactivitiesGthatGcompriseGtheGeconomicGperformanceGandGc

apabilitiesGofGtheGfirm.

9.GToGsustainGcompetitiveGadvantage,GfirmsGmustGacquireGorGdevelopGresourcesGthatGareG

A.GdifficultGforGcompetitorsGtoGimitate.
B.Glong-lasting.
C.GdifficultGforGcompetitorsGtoGacquireGonGtheGmarket.
D.GallGofGtheGaboveG-
GD.GAGfirmGmustGutilizeGresourcesGthatGareGlongGlastingGandGnotGeasilyGacquiredGbyGrivalsGt

hroughGimitation,Gtransfer,GorGreplicationGifGtheGfirmGisGtoGsustainGcompetitiveGadvantage.

10.GPhysicalGresourcesGinclude:G

A.GproductionGfacilities.
B.GplantGlocations.
C.GproductionGcapacity.
D.GallGofGtheGaboveG-
GD.GPhysicalGresourcesGincludeGcurrencyGofGtechnology,GqualityGandGsophisticationGofGthe

GdistributionGnetwork,GproductionGcapacity,GaccessGtoGsuppliers,GandGfavorableGlocations.

, 11.GWhichGofGtheGfollowingGcouldGnotGbeGanGexampleGofGaGweakness?

A.GproductGquality.
B.GfierceGcompetition.
C.GhumanGresources.
D.GAllGofGtheGaboveGcouldGbeGweaknesses.G-
GB.GFierceGcompetitionGcomesGfromGoutsideGofGtheGorganizationGandGwouldGbeGaGthreat,Gn

otGaGweakness.

12.GWhichGtypeGofGalternativeGisGalwaysGdefensiveGinGnature?G

A.Gstrength-opportunity.
B.Gstrength-threat.
C.Gweakness-opportunity.
D.Gweakness-threat.G-GD.GWeakness-
threatGalternativesGareGalwaysGdefensiveGinGnature.GStrength-
opportunityGalternativesGareGalwaysGoffensive.GOtherGalternativesGcanGbeGeitherGoffensive
GorGdefensive.




1.GBecauseGfunctionalGstrategiesGshouldGbeGdesignedGtoGsupportGcorporateGandGbusines
sGstrategies,GtheyGshouldGnotGbeGconsideredGuntilGcorporateGandGbusinessGstrategiesGhav
eGbeenGformulated.

TrueGorGFalseG-GFalse.

AlthoughGfunctionalGstrategiesGareGformulatedGafterGtheGcorporateGandGbusinessGstrategi
esGhaveGalreadyGbeenGestablished,GoneGstillGneedsGtoGconsiderGtheGcapabilitiesGofGtheGva
riousGfunctionalGareasGwhenGconsideringGvariousGcorporateGandGbusinessGstrategicGoptio
ns.

2.GTheGmostGappropriateGmeansGofGsecuringGfundsGlikelyGdependsGonGtheGcorporateGandG
businessGstrategiesGbeingGpursued.

TrueGorGFalseG-GTrue.

SomeGformsGofGraisingGcapitalGtendGtoGbeGmoreGeffectiveGthanGothers,GdependingGonGtheG
strategy.

3.GTheGreductionGinGper-
unitGcostsGthatGoccursGasGanGorganizationGgainsGexperienceGproducingGaGproductGorGservi
ceGisGknownGasGeconomiesGofGscale.GEconomiesGofGscaleGisGoneGofGtheGcontributingGfacto
rsGtoGtheGexperienceGcurve.

TrueGorGFalseG-GFalse.