Câu 1:
The rate at which others can duplicate a firm's underlying resources, capabilities, or core competencies is
called?
Select one:
a. Transferability.
b. Durability.
c. Transparency.
d. Imitability.
Câu 2:
The emphasis of strategic management is on?
Select one:
a. An examination of the organization's internal environment.
b. Long-term performance
c. The short-run performance of the corporation
d. First line managers
Câu hỏi 3
A company's strategy is most accurately defined as?
Select one:
a. The business model that a company's board of directors has approved for outcompeting rivals and making the
company profitable.
b. Management's concept of "where we are headed”
c. Management's game plan for growing the business, attracting and pleasing customers, conducting operations,
and achieving financial and market performance objectives.
d. Management's approaches to building revenues, controlling costs, and generating an attractive profit.
Phản hồi
The correct answer is: Management's game plan for growing the business, attracting and pleasing customers,
conducting operations, and achieving financial and market performance objectives.
Câu hỏi 4
Strategic planning within a small organization?
Select one:
a. May be informal and irregular.
b. Must be elaborate to allow for future growth.
c. Should be done by the president only.
d. Should always be formalized and explicitly stated.
Phản hồi
The correct answer is: May be informal and irregular.
Câu hỏi 5
The most important aspect(s) of a company's business strategy?
Select one:
a. Deals with how management plans to maximize profits while, at the same time, operating in a socially
responsible manner.
b. Concerns how to improve the efficiency of its business model
c. Are the actions and moves in the marketplace that managers take to gain a sustainable competitive advantage.
d. Is figuring out how to maximize profits and shareholder value
Phản hồi
The correct answer is: Are the actions and moves in the marketplace that managers take to gain a sustainable
competitive advantage.
Câu hỏi 6
A difference between basic financial planning and forecast-based planning is?
Select one:
a. Forecast-based planning incorporates environmental data and extrapolates current trends.
b. The time horizon is shorter in forecast-based planning
c. Basic financial planning utilizes scenarios and contingency strategies.
d. Basic financial planning utilizes consultants with sophisticated techniques
Phản hồi
The correct answer is: Forecast-based planning incorporates environmental data and extrapolates current trends.
Câu hỏi 7
The competitive moves and business approaches a company's management is using to grow the business,
compete successfully, attract and please customers, conduct operations, respond to changing economic
and market conditions, and achieve organizational objectives is referred to as its?
Select one:
a. Business model
b. Vision
c. Mission
d. Strategy
Phản hồi
The correct answer is: Strategy
Câu hỏi 8
A sugar company that is worried that consumers may buy artificial sweetener instead of sugar is
concerned about the?
Select one:
a. Bargaining power of suppliers.
b. Rivalry among existing firms.
c. Threat of new entrants.
d. Threat of substitute products.
Phản hồi
The correct answer is: Threat of substitute products.
Câu hỏi 9
According to Porter's model, a strong or high force is likely to reduce profits and can be regarded as a(n)?
Select one:
a. Threat.
b. Risk.
c. Opportunity.
d. Advantage.
Phản hồi
The correct answer is: Threat.
Câu hỏi 10
Which of the following statements is not true concerning a corporate reputation?
Select one:
a. A good corporate reputation can be a strategic resource.
b. Reputation tends to be long lasting and hard for others to duplicate.
c. Research shows no positive relationship between corporate reputation and financial performance.
d. There is a positive relationship between corporate reputation and financial performance.
Phản hồi
The correct answer is: Research shows no positive relationship between corporate reputation and financial
performance.
Câu hỏi 11
In which type of international industry do corporations tailor products to the specific needs of consumers
in a particular country?
Select one:
a. Multi-domestic industry
b. Indigenous industry
c. Consortium industry
d. Global industry
Phản hồi
The correct answer is: Multi-domestic industry
Câu hỏi 12
A formal program of gathering information on a company's competitors is referred to as?
Select one:
a. Competitive intelligence.
b. Quantitative forecasting.
c. Competitive strategy.
d. Statistical modeling.
Phản hồi
The correct answer is: Competitive intelligence.
Câu hỏi 13
Which of the following is not a major force in the societal environment?
Select one:
a. Labor forces
b. Economic forces
c. Technological forces
d. Political-legal forces
Phản hồi
The correct answer is: Labor forces
Câu hỏi 14
A company or an industry whose product works well with a firm's product and without which the
product would lose much of its value is considered to be a(n)?
Select one:
a. Industry leader.
b. Complementor.
c. Oligopoly.
d. Strategic group.
Phản hồi
The correct answer is: Complementor.
Câu hỏi 15
Which of the following is not a major question to ask in thinking strategically about industry and
competitive conditions in a given industry?
Select one:
a. What are the key factors for future competitive success?
b. What strategic moves are rivals likely to make next?
c. Does the outlook for the industry offer good prospects for profitability?
d. How many companies in the industry have good track records for revenue growth and profitability?
Phản hồi
The correct answer is: How many companies in the industry have good track records for revenue growth and
profitability?
Câu hỏi 16
Strategic management is that set of managerial decisions and actions that determine the long-run
performance of a corporation. Which one of the following is not one of the basic elements of the strategic
management process?
Select one:
a. Evaluation and control
b. Statistical process control
c. Strategy formulation
d. Strategy implementation
Phản hồi
The correct answer is: Strategy formulation
Câu hỏi 17
What is a set of business units or firms that "pursue similar strategies with similar resources"?
Select one:
a. Collective collaboration
b. Integral association
c. Strategic group
d. Cooperative
Phản hồi
The correct answer is: Strategic group
Câu hỏi 18
In a fragmented industry?
Select one:
a. Prices increase as new competitors enter the market.
b. Economies of scale are rarely used to reduce costs.
c. No firm has large market share.
d. Companies avoid integration to further reduce costs.
Phản hồi
The correct answer is: No firm has large market share.
Câu hỏi 19
Which societal force includes demographic trends?
Select one:
a. Sociocultural forces
b. Technological forces
c. Economic forces
d. Labor forces
Phản hồi
The correct answer is: Sociocultural forces
Câu hỏi 20
When an organization is evaluating its strategic position, which is not one of the strategic questions that
an organization generally may ask itself?
Select one:
a. Are we on target to hit our financial objectives next year
b. Where is the organization now
c. If the evaluation is negative, what specific actions should management take.
d. If no changes are made, where will the organization be in one year
Phản hồi
The correct answer is: Are we on target to hit our financial objectives next year
Câu hỏi 21
Which environment was generally perceived by business people to be something to exploit, not conserve,
until the twentieth century?
Select one:
a. The societal environment
b. The internal environment
c. The natural environment
d. The task environment
Phản hồi
The correct answer is: The natural environment
Câu hỏi 22
The ability of a corporation to shift from one dominant strategy to another is called?
Select one:
a. Chaos formulation.
b. Strategic flexibility.
c. Logical incrementalism.
d. Contingency management.
Phản hồi
The correct answer is: Strategic flexibility.
Câu hỏi 23
According to Barney's VRIO framework, the firm's exploitation of a competency pertains to?
Select one:
a. Value.
b. Organization.
c. Imitability.
d. Rareness.
Phản hồi
The correct answer is: Organization.
Câu hỏi 24
Through market research, corporations are able to practice ________ with various products or services so
that managers can discover what niches to seek, which new types of products to develop, and how to
ensure that a company's many products do not directly compete with one another.
Select one:
a. Market segmentation.
b. Marketing mix.
c. Marketing leverage.
d. Product life cycle.
Phản hồi
The correct answer is: Market segmentation.
Câu hỏi 25
Which of the following is not descriptive of the threat of substitute products or services?
Select one:
a. Possible substitute products or services may not appear to be easily substitutable.
b. If the cost of switching is low, substitutes may have a strong effect on an industry.
c. Substitute products appear to be different but satisfy the same need as another product.
d. Identifying substitutes is relatively easy since they look similar.
Phản hồi
The correct answer is: Identifying substitutes is relatively easy since they look similar.
Câu hỏi 26
Porter describes the threat of new entrants. Which of the following is not descriptive of the "threat of new
entrants"?
Select one:
a. Has a desire to gain market share
b. Brings new capacity and substantial resources
c. Depends on the reaction of existing competitors
d. Does not impact industry attractiveness
Phản hồi
The correct answer is: Does not impact industry attractiveness
Câu hỏi 27
According to Porter, *is most concerned with?
Select one:
a. The amount of pressure from the societal environment.
b. A market's position on its life cycle.
c. The aggregate level of demand for a product line.
d. The intensity of competition within its industry.
Phản hồi
The correct answer is: The intensity of competition within its industry.
Câu hỏi 28
An example of the promotion variable of the marketing mix is?
Select one:
a. Discounts.
b. Location.
c. Advertising.
d. Services.
Phản hồi
The correct answer is: Advertising.
Câu hỏi 29
Which of the following is not one of the eight current sociocultural trends mentioned in the text?
Select one:
a. Wage/price controls
b. Increasing environmental awareness
c. Decline of the mass market
d. Growth of the seniors market
Phản hồi
The correct answer is: Wage/price controls
Câu hỏi 30
The origin of competitive advantage lies in the ability to?
Select one:
a. Gain major stockholders.
b. Launch products quickly.
c. Identify and respond to environmental change well in advance of competition.
d. Serve customers faster.
Phản hồi
The correct answer is: Identify and respond to environmental change well in advance of competition.
Câu hỏi 31
A company's strategy is a "work in progress" and evolves over time because of?
Select one:
a. The need to make regular adjustments in the company's strategic vision.
b. The importance of developing a fresh strategic plan every year.
c. The ongoing need to imitate the new strategic moves of the industry leaders.
d. The ongoing need of company managers to react and respond to changing industry and competitive
conditions.
Phản hồi
The correct answer is: The ongoing need of company managers to react and respond to changing industry and
competitive conditions.
Câu hỏi 32
Which of the following is an issue likely to be addressed by a company's business strategy?
Select one:
a. All of the above
b. Actions to respond to changing economic and market conditions
c. Actions to supplement the company's resources and capabilities through alliances and joint ventures
d. Actions and approaches used in managing the functional areas of the business
Phản hồi
The correct answer is: All of the above
Câu hỏi 33
When the value chains of two separate products or services share activities, such as the same marketing
channels, in order to reduce costs, this is an example of?
Select one:
a. Economies of learning.
b. Economies of scope.
c. Economies of integration.
d. Economies of scale.
Phản hồi
The correct answer is: Economies of scope.
Câu hỏi 34
Which of the following is not descriptive of intense rivalry among firms?
Select one:
a. Few competitors or competitors that are roughly equal in size and power
b. Product offerings that are highly differentiated
c. High exit barriers
d. High fixed costs
Phản hồi
The correct answer is: Product offerings that are highly differentiated
Câu hỏi 35
Which of the following is not a support activity of the value chain?
Select one:
a. Strategic planning
b. Technology development
c. Human resource management
d. Marketing and sales
Phản hồi
The correct answer is: Marketing and sales
Câu hỏi 36
________ is more valuable because it can provide companies with a sustainable competitive advantage
that is harder for competitors to imitate?
Select one:
a. Tacit knowledge
b. Transferable knowledge
c. Explicit knowledge
d. Imitable knowledge
Phản hồi
The correct answer is: Tacit knowledge
Câu hỏi 37
Which of the following is not one of the four question areas in VRIO framework used to evaluate a firm's
key resources?
Select one:
a. Rareness
b. Valuable
c. Durability
d. Organization
Phản hồi
The correct answer is: Durability
Câu hỏi 38
One of the benefits of globalization is?
Select one:
a. Decreased outsourcing.
b. Increased taxes.
c. Increased union negotiations.
d. Economies of scale.
Phản hồi
The correct answer is: Economies of scale.
Câu hỏi 39
The corporate mission is best described by which one of the following?
Select one:
a. A description of top management's responsibilities
b. The purpose or reason for the corporation's existence
c. A description of the activities carried out by the organization
d. A statement of corporate objectives
Phản hồi
The correct answer is: The purpose or reason for the corporation's existence
Câu hỏi 40
When examining the corporate value chain of a particular product or service, which one of the following
is not one of the primary activities that usually occur?
Select one:
a. Inbound and outbound logistics
b. Auditing and accounting
c. Marketing and sales
d. Operations
Phản hồi
The correct answer is: Auditing and accounting
Câu hỏi 41
According to Porter's model, a low force can enable the company to earn greater profits and can be
regarded as a(n)?
Select one:
a. Advantage.
b. Threat.
c. Risk.
d. Opportunity.
Phản hồi
The correct answer is: Opportunity.
Câu hỏi 42
Those variables that can affect significantly the overall competitive positions of companies within any
particular industry are known as?
Select one:
a. Industry scenario.
b. Key success factors.
c. Matrix factors.
d. Internal strategic factors.
Phản hồi
The correct answer is: Key success factors.
Câu hỏi 43
Which of the following is not something a company's strategy is concerned with?
Select one:
a. Management's choices about how to grow the business
b. Management's action plan for conducting operations and improving the company's strategic and financial
performance
c. Management's choices about how to outcompete rivals
d. Management's choices about how quickly and closely to copy the strategies being used by successful rival
companies
Phản hồi
The correct answer is: Management's choices about how quickly and closely to copy the strategies being used by
successful rival companies
Câu hỏi 44
The ability of competitors to use duplicated resources and capabilities to imitate the other firm's success
is called?
Select one:
a. Transferability.
b. Durability.
c. Transparency.
d. Replicability.
Phản hồi
The correct answer is: Replicability.
Câu hỏi 45
An organization skilled at creating, acquiring, and transferring knowledge, and at modifying its behavior
to reflect new knowledge and insights is a(n)?
Select one:
a. Innovative organization.
b. Strategically managed corporation.
c. Hypercompetitive competitor.
d. Learning organization.
Phản hồi
The correct answer is: Learning organization.
Câu hỏi 46
A company's strategy consists of?
Select one:
a. Plans involving alignment of organizational activities and strategic objectives
b. Competitive moves and approaches that managers have developed to grow the business, attract and please
customers, conduct operations, and achieve targeted objectives.
c. Its strategic vision, its strategic objectives, and its strategic intent
d. Actions to develop a more appealing business model than rivals
Phản hồi
The correct answer is: Competitive moves and approaches that managers have developed to grow the business,
attract and please customers, conduct operations, and achieve targeted objectives.
Câu hỏi 47
Match the "market trend" with its example?
Select one:
a. Such as interest rate changes
b. Changes in social behavior such as online networking
c. Such as the increased use of social media by certain customers
d. Changes in the world economy
Phản hồi
The correct answer is: Changes in social behavior such as online networking
Câu hỏi 48
Those critical strengths and weaknesses that are likely to determine if a firm will be able to take
advantage of opportunities while avoiding threats are called?
Select one:
a. Internal strategic factors.
b. SWOT.
c. Competitive forces.
d. Quality accounting.
Phản hồi
The correct answer is: Internal strategic factors.
Câu hỏi 49
In addition to Porter's Five Forces, another force added in the text is?
Select one:
a. Threat of shareholders.
b. Other stakeholders.
c. Threat of prospects.
d. Bargaining power of unions.
Phản hồi
The correct answer is: Other stakeholders.
Câu hỏi 50
Which of the following was normally one of the top benefits of strategic management?
Select one:
a. Improved productivity.
b. Higher levels of job satisfaction
c. Higher levels of employee motivation
d. Clearer sense of strategic vision for the firm
Phản hồi
The correct answer is: Clearer sense of strategic vision for the firm
Câu hỏi 51
The corporation's task environment?
Select one:
a. Is an advisory committee to top management.
b. Is an accounting of the many jobs within an organization.
c. Includes those elements or groups within an organization's industry.
d. Encompasses the physical working areas of the organization.
Phản hồi
The correct answer is: Includes those elements or groups within an organization's industry.
Câu hỏi 52
A corporation's ability to exploit its resources is referred to as its?
Select one:
a. Capabilities.
b. Business expertise.
c. Core competencies.
d. Critical success factors.
Phản hồi
The correct answer is: Capabilities.
Câu hỏi 53
Which type of international industry manufactures and sells the same products with only minor
adjustments made for individual countries around the world?
Select one:
a. Indigenous industry
b. Global industry
c. Multi-domestic industry
d. Consortium industry
Phản hồi
The correct answer is: Global industry
Câu hỏi 54
Which one of the following is not one of the five stages of an ongoing, continuous strategic management
process?
Select one:
a. Developing a profitable business model
b. Forming a strategic vision of the company's future direction and focus
c. Setting objectives to measure progress toward achieving the strategic vision
d. Crafting a strategy to achieve the objectives and get the company where it wants to go
Phản hồi
The correct answer is: Developing a profitable business model
Câu hỏi 55
Which is the largest age group of the current generations in all developed countries?
Select one:
a. Silent Generation
b. Woofies
c. Baby Boomers
d. Gen X
Phản hồi
The correct answer is: Baby Boomers
Câu hỏi 56
According to the text, one reason environmental uncertainty is a threat to strategic managers is because?
Select one:
a. It creates a new playing field in which creativity and innovation can play a major part in strategic decisions.
b. It forces the strategic manager to be more stable.
c. It hampers their ability to develop long-range plans and make strategic decisions.
d. It is a costly and time-consuming process.
Phản hồi
The correct answer is: It hampers their ability to develop long-range plans and make strategic decisions.
Câu hỏi 57
Which of the following is a function of corporate culture?
Select one:
a. It encourages flexibility and thus constant change.
b. It generates creative approaches to new situations.
c. It conveys a sense of identity for employees.
d. It encourages a laissez faire set of attitudes.
Phản hồi
The correct answer is: It conveys a sense of identity for employees.
Câu hỏi 58
A creative, distinctive strategy that delivers a sustainable competitive advantage is important because?
Select one:
a. Without a competitive advantage a company cannot have a profitable business model
b. Without a proven strategy a company is likely to fall into bankruptcy
c. A strategy that yields a competitive advantage over rivals is a company's most reliable means of achieving
above-average profitability and financial performance
d. A competitive advantage is what enables a company to achieve its strategic objectives
Phản hồi
The correct answer is: A strategy that yields a competitive advantage over rivals is a company's most reliable
means of achieving above-average profitability and financial performance
Câu hỏi 59
In the EFAS Table, the indicator of how well a particular company is responding to current and expected
factors in its external environment is characterized by the?
Select one:
a. Total weighted score.
b. Industry matrix.
c. IFAS score.
d. SWOT score
Phản hồi
The correct answer is: Total weighted score.
Câu hỏi 60
The monitoring, evaluating, and disseminating of information from the external and internal
environments to key people within the corporation is referred to as?
Select one:
a. Strategy formulation.
b. Internal scanning.
c. Environmental scanning.
d. External scanning.
Phản hồi
The correct answer is: Environmental scanning.
Câu hỏi 61
An industry dominated by a few large firms, all of which struggle with product differentiation, is known
as?
Select one:
a. Multi-domestic.
b. Indigenous.
c. Global.
d. Consolidated.
Phản hồi
The correct answer is: Consolidated.
Câu hỏi 62
When a company's core competencies are superior to those of competitors, these are known as?
Select one:
a. Distinctive competencies.
b. Critical success factors.
c. Core competencies.
d. Resources.
Phản hồi
The correct answer is: Distinctive competencies.
Câu hỏi 63
Which of the following is not an element of the organization's task environment?
Select one:
a. Trade associations
b. Governments
c. Technological developments
d. Special interest groups
Phản hồi
The correct answer is: Technological developments
Câu hỏi 64
A company with significant assets and activities in multiple countries is known as a?
Select one:
a. Repatriated corporation.
b. Duplicate corporation.
c. Multi-national corporation.
d. Transferable corporation.
Phản hồi
The correct answer is: Multi-national corporation.
Câu hỏi 65
It is normal for a company's strategy to end up being?
Select one:
a. Left unchanged from management's original planned set of actions and business approaches since making
on-the-spot changes is too risky.
b. Like the strategies of other industry members since all companies are confronting much the same market
conditions and competitive pressures.
c. A blend of deliberate planned actions to improve the company's competitiveness and financial performance
and as-needed unplanned reactions to unanticipated developments and fresh market conditions.
d. A combination of defensive moves to protect the company's market share and offensive initiatives to set the
company's product offering apart from rivals.
Phản hồi
The correct answer is: A blend of deliberate planned actions to improve the company's competitiveness and
financial performance and as-needed unplanned reactions to unanticipated developments and fresh market
conditions.
Câu hỏi 66
Which of the following is not one of the five typical sources of competitive pressures?
Select one:
a. The attempts of companies in other industries to win customers over to their own substitute products
b. The threat of new entrants into the market
c. The bargaining power of suppliers and seller-supplier collaboration
d. The power and influence of industry driving forces
Phản hồi
The correct answer is: The power and influence of industry driving forces
Câu hỏi 67
All of the following are technological breakthroughs already having a significant impact on many
industries EXCEPT?
Select one:
a. Genetically altered organisms.
b. Alternative energy sources.
c. Smart, mobile robots.
d. Growing health consciousness.
Phản hồi
The correct answer is: Growing health consciousness.
Câu hỏi 68
Knowledge that is not easily communicated because it is deeply rooted in employee experience or in a
corporation's culture is called?
Select one:
a. Imitable knowledge.
b. Tacit knowledge.
c. Transferable knowledge.
d. Explicit knowledge.
Phản hồi
The correct answer is: Tacit knowledge.
Câu hỏi 69
Knowledge that can be easily articulated and communicated is known as?
Select one:
a. Explicit knowledge.
b. Imitable knowledge.
c. Transferable knowledge.
d. Tacit knowledge.
Phản hồi
The correct answer is: Explicit knowledge.
Câu hỏi 70
The theory that proposes organizations can and do adapt to changing conditions by imitating other
successful organizations is known as?
Select one:
a. Citizenship theory.
b. Institution theory.
c. Population ecology.
d. Strategic theory.
Phản hồi
The correct answer is: Institution theory.
Câu hỏi 71
The ability of an organization to reshape its environment is described by?
Select one:
a. Population ecology theory.
b. Institution theory.
c. Organizational learning theory.
d. The strategic choice perspective.
Phản hồi
The correct answer is: The strategic choice perspective.
Câu hỏi 72
The Strategic Management Model presents the following process for strategy formulation?
Select one:
a. Policies – Mission – Strategies – Objectives.
b. Mission – Policies – Strategies – Objectives.
c. Mission – Objectives – Strategies – Policies.
d. Policies – Strategies – Objectives – Mission.
Phản hồi
The correct answer is: Mission – Objectives – Strategies – Policies.
Câu hỏi 73
The primary activity of a competitive intelligence unit is to?
Select one:
a. Monitor competitors.
b. Engage in corporate espionage.
c. Determine industry R&D statistics.
d. Survey stakeholders.
Phản hồi
The correct answer is: Monitor competitors.
Câu hỏi 74
Which barrier to entry do corporations such as P&G use to force new entrants to spend heavily to
overcome existing customer loyalty?
Select one:
a. Access to distribution channels
b. Product differentiation
c. Switching costs
d. Capital requirements
Phản hồi
The correct answer is: Product differentiation
Câu hỏi 75
The term used to describe new products, services, methods, and organizational approaches that allow
businesses to achieve extraordinary returns is?
Select one:
a. Profit maximization.
b. Innovation.
c. Competitive advantage.
d. Sustainability.
Phản hồi
The correct answer is: Innovation.
Câu hỏi 76
The triple bottom line refers to which of the following?
Select one:
a. Physical environment, traditional profit/loss, and air
b. Water, air, and oil
c. Traditional profit/loss, social responsibility, and environmental responsibility
d. Footprints, finance, and environment
Phản hồi
The correct answer is: Traditional profit/loss, social responsibility, and environmental responsibility
Câu hỏi 77
Research suggests that strategic management evolves through four sequential phases in corporations. The
first phase is?
Select one:
a. Externally oriented planning
b. Forecast-based planning.
c. Internally oriented planning
d. Basic financial planning
Phản hồi
The correct answer is: Basic financial planning
Câu hỏi 78
Which of the following is not descriptive of external environmental scanning?
Select one:
a. Used as a tool to ensure a corporation's long-term health
b. Used to identify major stockholders
c. Used as a tool to ensure a corporation's long-term health
d. Used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy
Phản hồi
The correct answer is: Used to identify major stockholders
Câu hỏi 79
Managers in all types of businesses must address the central strategic question?
Select one:
a. Where do we want to go from here?
b. When will we know we are there?
c. How are we going to get there?
d. Where are we now?
Phản hồi
The correct answer is: How are we going to get there?
Câu hỏi 80
Which of the following is not an element of a company's business strategy?
Select one:
a. Actions to respond to changing market conditions or other external factors
b. Management actions to revise the company's financial and strategic performance targets
c. Actions to strengthen internal capabilities and competitively valuable resources
d. Actions to strengthen competitiveness via strategic alliances and collaborative partnerships
Phản hồi
The correct answer is: Management actions to revise the company's financial and strategic performance targets
Câu hỏi 81
The technique recommended by the text to organize an analysis of external strategic factors is called?
Select one:
a. EFAS.
b. IFAS.
c. SFAS.
d. SWOT.
Phản hồi
The correct answer is: EFAS.
Câu hỏi 82
The strategic management process is shaped by?
Select one:
a. The decisions made by the compensation and audit committees of the board of directors.
b. External factors such as the industry's economic and competitive conditions and internal factors such as the
company's collection of resources and capabilities.
c. A company's customer value proposition and profit formula.
d. Management's strategic vision, strategic and financial objectives, and strategy.
Phản hồi
The correct answer is: External factors such as the industry's economic and competitive conditions and internal
factors such as the company's collection of resources and capabilities.
Câu hỏi 83
Industry analysis is primarily concerned with a corporation's?
Select one:
a. Economic environment.
b. Sociocultural environment.
c. Societal environment.
d. Task environment.
Phản hồi
The correct answer is: Task environment.
Câu hỏi 84
Which of the following is not descriptive of the threat of substitute products or services?
Select one:
a. If the cost of switching is low, substitutes may have a strong effect on an industry.
b. Possible substitute products or services may not appear to be easily substitutable.
c. Identifying substitutes is relatively easy since they look similar.
d. Substitute products appear to be different, but satisfy the same need as another product.
Phản hồi
The correct answer is: Identifying substitutes is relatively easy since they look similar.
Câu hỏi 85
A company may develop an emergent strategy due to?
Select one:
a. Strategic moves by rival firms.
b. Fast-changing technological developments.
c. All of the above.
d. Unexpected shifts in customer preferences.
Phản hồi
The correct answer is: All of the above.
Câu hỏi 86
Which barrier to entry uses cost advantages associated with large size?
Select one:
a. Capital requirements
b. Economies of scale
c. Switching costs
d. Cost disadvantages independent of size
Phản hồi
The correct answer is: Economies of scale
Câu hỏi 87
In the final phase of strategic management, strategic information is available to?
Select one:
a. People throughout the organization
b. The top management responsible for decision-making
c. Middle management
d. Operational personnel.
Phản hồi
The correct answer is: People throughout the organization
Câu hỏi 88
The combination of the degree of complexity and the degree of change existing in an organization's
external environment is/are called?
Select one:
a. Strategic fit.
b. Strategic issues.
c. Environmental uncertainty.
d. Strategic factors.
Phản hồi
The correct answer is: Environmental uncertainty.
Câu hỏi 89
According to Porter, the collective strength of the interaction of potential entrants, buyers, substitutes,
suppliers, firm rivalry, and other stakeholders determine?
Select one:
a. The probable industry attractiveness and business strength position.
b. The level of government action in an industry.
c. The ultimate profit potential in the industry measured in terms of long-run return on invested capital.
d. The aggregate level of demand for a product line.
Phản hồi
The correct answer is: The ultimate profit potential in the industry measured in terms of long-run return on
invested capital.
Câu hỏi 90
Which of the following is not descriptive of a high level of bargaining powers of buyers?
Select one:
a. Alternative suppliers are plentiful because of standardization of the product.
b. The buyer buys a large proportion of the seller's product or service.
c. The purchased product represents a high percentage of buyer's costs.
d. búr earns high profits and is very insensitive to costs and service differences.
Phản hồi
The correct answer is: A buyer earns high profits and is very insensitive to costs and service differences.