Chapter 3 Quiz

Which of the following is NOT part of the proper execution of tactical plans?

Inconsistent activities

Which of the following is true of a differentiation strategy?

It is a strategy in which a firm distinguishes itself from competitors through the quality of its products.

Which of the following is true of a standard operating procedure?

It outlines the steps to be followed in particular circumstances.

A line manager at a brewery sets a target for the minimum number of beet cartons that have to be shipped out by the end of each day. This is an example of a(n) _____ goal.

operational

In the SWOT analysis, evaluating organizational _____ requires analyzing an organization's environment.

opportunities

A national news event leads to a surge of interest in education policy. For an education think tank, this represents an organizational _____.

opportunity

A wedding planner in Boston decides to open a specialty boutique for bridal gowns. This is an example of _____.

related diversification

A _____ describes how specific activities are to be carried out.

rule or regulations

_____ goals are set by and for an organization's top management.

Strategic

Which of the following is an area of focus for tactical plans?

People

A clothing manufacturer is opening a new facility in a different city. Which of the following single-use plans will it employ?

Program

_____ refers to the choices an organization makes as to where and how much to invest.

Resource Deployment

Which of the following areas of the strategy specifies the range of markets in which an organization will compete?

Scope

Which of the following is a type of corporate-level strategy?

Single-product strategy

Which of the following is true of strategic plans?

They address questions of competitive advantage and synergy.

Which of the following is true of firms that successfully implement a differentiation strategy?

They are able to charge more than competitors.

Which of the following is true of operational goals?

They concern themselves with short-term issues.

Organizational strengths are:

capabilities that enable an organization to implement its strategies.

According to the BCG matrix, _____ are businesses that have a very small share of a market that is not expected to grow.

dogs

A firm that specializes in alternative energy releases a new and highly efficient solar battery. During the _____ stage of the product cycle, other firms will begin to produce the product and sales will continue to increase.

growth

Product differentiation is an important management issue during the _____ stage of the product life cycle.

growth

An automobile company that is the first of its kind to manufacture a car hat runs solely on solar energy is said to:

have a distinctive competence.

According to the BCG matrix, _____ are businesses that have the largest share of a rapidly growing market.

stars

Tactical plans must be consistent with a(n) _____ plan.

strategic

The set of processes involved in creating or determining the organization's strategies is called _____.

strategy formulation

In order to further an organization's goal of increasing sales by a large margin, upper-level managers coordinate the acquisition of a number of retail outlets in smaller cities. These acquisitions represent the implementation of a(n) _____ plan.

tactical

A policy is:

the most general form of a standing plan.

In practice, organizations have a hard time focusing on _____.

weaknesses