chapter 7 mana practice test

How can managers use information provided by the GE Business Screen to manage their various business opportunities more effectively?

To determine asset allocation

In a SWOT analysis, how will the identification of strengths help to accomplish an organization's mission?

By allowing the exploitation of skills and capabilities

Which of the following occurs when an organization is not implementing valuable strategies that are being implemented by competing organizations?

Competitive disadvantage

What does an organization use to manage its operations across several industries and several markets simultaneously?

Corporate-level strategy

Kaia's firm took its distinctive competencies and used those when expanding into foreign markets. This provided it with the same firm-specific advantage it had in its original location. Which strategic alternative for international business is Kaia's firm using?

Home replication

In which stage of the product life cycle should an organization begin to search for new products or services as part of its strategy?

Maturity

Ugar has relocated a production firm to a country that has lower production costs, and it is closer to his customers. Which type of advantage does this offer Ugar's firm?

Production efficiencies

Which is an international strategy in which a company attempts to combine the benefits of global scale efficiencies with the benefits and advantages of local responsiveness?

Transnational

JJ's Auto Repair is where most residents go for any type of car repair. If JJ elected to open another auto repair shop in the neighboring county, he would be expanding his _____.

business scope

If an organization has higher prices for a similar good or service, the prices are an organizational _____.

weakness