426 Exam

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Which of the following analytical tools consists of a nine-cell matrix

Internal-External Matrix

Which of these is a limitation of QSPM

It requires intuitive judgements and educated assumptions

Which of the following is the first step in developing a QSPM

Make a list of the firm's key external opportunities and threats and internal strengths and

Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies

Matching

Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?

Organizing

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

Planning

Which of the following does the text call an up-front investment in success

Planning

Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides and objective

QSPM

IKEA Group investing $1.9 billion in India to open 25 new stores between 2013 and 2018 is an example of

market development

Which strategy seeks to increase market share for present products or services in present markets through greater market

market penetration

Opportunity analysis is on of the basic functions of

marketing

In most industries, the major costs of producing a product or service are incurred within

operations

The three all-encompassing internal resource categories used in the resource-based view are physical resources

organizational resources

Today, boards of directors are composed mostly of

outsiders

Which strategy is appropriate when an organization competes in an industry characterized by rapid technology

product development

Which strategy should be an organization use when its products are currently in the declining stage of the product's life cycle?

related diversification

Who would perform and internet audit

representative managers and employees from throughout the firm

Revlon closing its manufacturing plant in France and laying off 5 percent of its workforce is an example of

retrenchment

Forward integration would be an appropriate strategy for which of the following types of divisions in the BCG Matrix

star

Strategy analysis and choice largely involves making _______ decisions based on ________ information

subjective, objective

Which section of the SWOT Matrix involve matching internal strategies with external opportunities

the SO cell

FedEx entering the computer repair business offering major corporations overnight computer repair is an example of

unrelated diversification

Many firms have failed at ________ that have succeeded due to the immense challenge of

unrelated diversification

All of the following situations are conductive to market development EXCEPT

when new channels of distribution are expensive and unreliable

Backward integration is effective in all of these cases EXCEPT

when the advantages of stable prices are not important

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

y-axis

Long-term objectives are needed at which level(s) in an organization

All of the above

________, perhaps the most important word in management, is a major component in motivation

Communication

Which term refers to selling a division of an organization

Divestiture

Which of the following is NOT a key question that can reveal internal strengths and weaknesses of the marketing

Does the firm have good liquidity?

The two positive-rated dimensions on the SPACE Matrix are

FP and IP

Which of the following is NOT a reason joint ventures fail

Stakeholders from both partners are equally satisfied

In which situation would horizontal integration be an especially effective strategy

When an organization can gain monopolistic characteristics in a particular area or region

Under which condition would a cost leadership strategy be especially effective

When the products of rival sellers are essentially identical and supplies are

According to journalist's findings, what is a serious obstacle for many small business owners

a lack of strategic-management knowledge

All of the following are key questions that can reveal internal strengths and weaknesses in management

are the organization's products positioned well against competing products

All of the following are principals of good organizational governance, as established by Businessweek, Ex

at least three directors are current or former company executives

Bankruptcy

can be an effective type of retrenchment strategy

In the BCG Matrix, a division with a high relative market share position in a low-growth industry can be described as a

cash flow

The BCG Matrix is designed specifically to enhance which type of firm's efforts to formulate strategy

companies with more than one division

The IFE Matrix should be ______ in multidivisional firms

constructed for each division

What strategy would divestiture be classified as

defensive

A firm's strengths that cannot be easily matched or imitated by competitors are called

distinctive competencies

The initial step to implementing value chain analysis is

dividing a firm's operations into specific activities or business processes

The first step in the controlling function of management is to

establish performance standards

For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is

extensive cost and asset reduction

According to Porter, which strategy offers products or services to a niche group of customers at the lowest price avaliable

focus- low cost

What analytical tool has four quadrants based on two dimensions: competitive position and market growth

grand strategy matrix

___________ ties all business functions together and provides the basis for all managerial decisions

information

Financial objects involve all of the following EXCEPT

larger market share


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