Chapter 1: Introducing the Concepts
Q1) Situation analysis involves the process of
A) designing and choosing appropriate organizational strategies.
B) analyzing the current environment of the organization.
C) analyzing the external environment only.
D) evaluating the internal aspects of the organization.
E) None of the answer choices is correct.
See Q1 Verified Answer
Q2) Situation analysis involves the process of
A) designing and choosing appropriate organizational strategies.
B) analyzing the current environment of the organization.
C) analyzing the external environment only.
D) evaluating the internal aspects of the organization.
E) None of the answer choices is correct.
See Q2 Verified Answer
Q3) The following are all features of strategic management except
A) interdisciplinary.
B) external focus.
C) internal focus.
D) future direction.
E) All of the answer choices are correct.
See Q3 Verified Answer
Click here! To get all questions and flashcards with answers for this chapter
Chapter 7: International Strategies
Q1) A ________ centralizes its management and other decisions in the home country.
A) global company
B) glocal company
C) multidomestic corporation
D) transnational organization
E) borderless organization
See Q1 Verified Answer
Q2) Vietnam and North Korea are examples of planned economies.
See Q2 Verified Answer
Q3) Protectionism is one of the drwabacks of being international.
See Q3 Verified Answer
Click here! To get all questions and flashcards with answers for this chapter
Page 2
Chapter 5: Functional and Competitive Strategies
Q1) Ms. diMatteo discovered in opening her second restaurant, she needed to pay
attention to which of the following concerns?
A) The product
B) The people
C) The support processes
D) All the above answer choices are correct.
E) None of the answer choices are correct.
See Q1 Verified Answer
Q2) When an organization competes by providing unique products with features that
customers value, perceive as different, and are willing to pay a premium price for, it is
using a strategy of
A) differentiation.
B) focus.
C) cost leadership.
D) niche.
See Q2 Verified Answer
Q3) The two main support processes in an organization are
A) production systems and marketing systems.
B) procurement systems and HR systems.
C) financial accounting systems and HR systems.
D) information systems and HR systems.
E) information systems and financial accounting systems.
See Q3 Verified Answer
Page 3
Click here! To get all questions and flashcards with answers for this chapter
Chapter 4: Assessing Strengths and Weaknesses: Doing an
Internal Analysis
Q1) Doing an internal analysis is needed for making good strategic decisions.
See Q1 Verified Answer
Q2) Identifying distinctive organizational capabilities involves
A) preparing an historical product/market profile.
B) describing top management organizational capabilities and competencies.
C) sorting the core capabilities and competencies according to functional level
priorities.
D) identifying the functional strategies.
E) None of the answer choices is correct.
See Q2 Verified Answer
Q3) Distinctive organizational competencies are the common capabilities that do not
distinguish an organization from its competitors.
See Q3 Verified Answer
Click here! To get all questions and flashcards with answers for this chapter
Page 4
Chapter 6: Corporate Strategies
Q1) Liquidation is the process of selling off a business to someone else where it will
continue as an ongoing business.
See Q1 Verified Answer
Q2) The main drawback of the BCG and McKinsey-GE Spotlight matrices is the
subjectivity of the analysis.
See Q2 Verified Answer
Q3) A business unit with low relative market share and low industry growth rate is
referred to as a
A) dog.
B) cash cow.
C) cat.
D) question mark.
E) star.
See Q3 Verified Answer
Click here! To get all questions and flashcards with answers for this chapter
Page 5
Chapter 2: The Context of Managing Strategically
Q1) The traditional view of social responsibility states that
A) corporations should exist only to represent the stockholders.
B) corporations must represent all stakeholder groups.
C) corporations should operate on the basis of their suppliers' interests.
D) corporations function as a measure of consumer behavior.
E) corporations forecast their goals on the basis of pending legislation.
See Q1 Verified Answer
Q2) Factors critical to success in the new business environment are the ability to
embrace change, creativity and innovation capabilities, and being a world-class
organization.
See Q2 Verified Answer
Q3) Capitalizing on information, people, ideas, and knowledge characterizes the
implication of
A) vanishing distance.
B) reduced need for physical assets.
C) compressed time.
D) turbulent change.
E) All of the answer choices are correct.
See Q3 Verified Answer
Click here! To get all questions and flashcards with answers for this chapter
Page 6
Chapter 8: Module Special Topics in Strategy
Q1) A strategic practice in which for-profit businesses link up with a social cause that fits
in well with the company's product or service is referred to as
A) licensing.
B) franchising.
C) cause-related marketing.
D) strategic piggybacking.
E) marketing alliances.
See Q1 Verified Answer
Q2) Small businesses represent more than 99 percent of all employers.
See Q2 Verified Answer
Q3) Describe the types of NFP marketing alliances.
See Q3 Verified Answer
Click here! To get all questions and flashcards with answers for this chapter
Page 7
Chapter 3: Assessing Opportunities and Threats: Doing an
External Analysis
Q1) Opportunities are positive external environmental trends or changes that may help
the organization improve its performance.
See Q1 Verified Answer
Q2) The Porter five forces model includes all of the following factors except
A) bargaining power of suppliers.
B) threat of new entrants.
C) threat of a decrease in research and development.
D) threat of substitute products.
E) bargaining power of buyers.
See Q2 Verified Answer
Q3) The law governing safe and hazard-free work environments is
A) the Equal Employment Opportunity Act of 1972.
B) the Americans with Disabilities Act of 1990.
C) the Occupational Safety and Health Act of 1970.
D) the Civil Rights Act of 1991.
E) the U.S. Economic Espionage Act of 1996.
See Q3 Verified Answer
Click here! To get all questions and flashcards with answers for this chapter
Page 8