5/6

Protectionism involves all of the following EXCEPT A) imposing taxes on firms outside the country. B) imposing regulations on firms outside the country. C) tariffs against firms outside the country. D) liberalizing restrictions on the import of foreign goods. E) Protectionism involves all of the above.

liberalizing restrictions on the import of foreign goods.

All of the following business actions are considered to be unethical EXCEPT A) preventing environmental harm. B) insider trading. C) dumping banned or flawed products in foreign markets. D) sexual harassment. E) overpricing.

preventing environmental harm.

A pasta manufacturer's purchase of some video game brands is an example of • A) backward integration. • B) forward integration. • C) retrenchment. • D) unrelated diversification. E) divestiture.

unrelated diversification

GoPro laid off one-fifth of its workforce and exited the drone market. This is an example of A) forward integration. B) liquidation. c) divestiture. D) retrenchment. E) backward integration.

retrenchment

In the SPACE analysis, what does a (+6, +3) strategy profile portray? A) A strong industry position B) A weak industry position C) A stable environment D) A weak financial position E) An unstable environment

A strong industry position

The form of bankruptcy in which all the organization's assets are sold in parts for their tangible worth is A) Chapter 8. B) Chapter 11. C) Chapter 13. D) Chapter 7. E) Chapter 9.

Chapter 7

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2, +3)? A) Conservative B) Defensive C) Integrative D) Competitive E) Aggressive

Conservative

Which of the following analytical tools consists of a nine-cell matrix? A) Boston Consulting Group (BCG) Matrix B) Strategic Position and Action Evaluation (SPACE) Matrix C) Grand Strategy Matrix D) Intérnal-External (IE) Matrix E) Competitive Profile Matrix (CPM)

D) Intérnal-External (IE) Matrix

Procter & Gamble's (P&G) sale of many of its brands in order to focus on its core brands is an example of which type of strategy? A) Liquidation B) Related diversification C) Divestiture D) Unrelated diversification E) Retrenchment

Divestiture

Divestiture is selling all of a company's assets, in parts, for their tangible worth. True False

False

On the x-axis of the IE Matrix, an IFE total weighted score of 2.5 represents a weak internal position. True False

False

Company websites that sell products they produce directly to consumers are examples of which type of strategy? A) Forward integration B) Horizontal integration C) Product development D) Backward integration E) Conglomerate diversification

Forward Integration

is a process of doing business worldwide, so strategic decisions are made based on global profitability of the firm rather than just domestic considerations. A) Globalization B) Multinational corporation C) Protectionism D) World recession E) Assimilation

Globalization

What refers to a strategy of seeking ownership of, or increased control over a firm's competitors? A) Horizontal integration B) Backward integration c) Conglomerate diversification D) Concentric diversification E) Forward integration

Horizontal Integration

Which of the following is the first step in developing a QSPM? A) Assign weights to each key external and internal factor. B) Examine the Stage 2 matrices and identify alternative strategies the organization should consider implementing. C) Determine the Attractiveness Scores. D) Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM. E) Compute the Total Attractiveness Scores.

Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM.

If Gap opens five stores for the first time in China, this is an example of which type of strategy? A) Forward integration B) Horizontal integration C) Product development D) Market development E) Backward integration

Market Development

Which strategy seeks to increase market share for present products or services in present markets through greater marketing efforts? • A) Market penetration • B) Forward integration • C) Backward integration • D) Product development • E) Market development

Market Penetration

According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position? A) Unrelated diversification B) Liquidation C) Joint venture D) Market penetration E) Retrenchment

Market penetration

proclaims that organizations have tremendous social obligations. A) Carl Icahn B) Bill Gates C) Ralph Nader D) Milton Friedman E) Scott Pruitt

Ralph Nader

refers to U.S. companies moving a portion of their manufacturing back to the United States. A) Offshoring B) Vertical integration C) Reshoring D) Strategic alliance E) Outsourcing

Reshoring

What term is defined as the product of multiplying the weights by the Attractiveness Scores in each row of the QSPM? A) Factors B) Weighted Scores C) Total Attractiveness Scores D) Total Weighted Scores E) Sum Total Scores

Total Attractiveness Scores

Gaining ownership or increased control over distributors or retailers is called forward integration strategy. True False

True

Strengths-opportunities strategies are based on using a firm's internal strengths to take advantage of external opportunities. True False

True

The stability position (SP) and competitive position (CP) dimension variables in a SPACE Matrix are assigned a numerical value ranging from -1 (best) to -7 (worst). (• True False

True

Whistle blowing refers to employees reporting unethical behavior that they discover or see in the firm. True False

True

Communication between domestic headquarters and overseas operations is often made difficult by A) location of headquarters. B) cultural differences. C) type of products. D) type of services. E) age of firm.

cultural differences.

Bad ethics can strategic plans. A) never affect B) derail all but the best C) derail even the best D) derail only poorly-intentioned E) derail only ill-conceived

derail even the best

asserts that organizations have no obligation to do any more for A) Milton Friedman B) Carl Icahn C) Ralph Nader D) Satya Nadella E) Scott Pruitt

Milton Friedman

involves companies hiring other companies to take over various parts of their functional operations, such as human resources, information systems, payroll, accounting, customer service, and even marketing. A) Onshoring B) Outsourcing C) Vertical integration D) Reshoring E) Strategic alliances

Outsourcing

Which matrix is included in the decision stage of the strategy formulation framework? A) Strategic Position and Action Evaluation (SPACE) MatriX B) Boston Consulting Group (BCG) Matrix C) Grand Strategy Matrix D) Internal Factor Evaluation (IFE) Matrix E) Quantitative Strategic Planning Matrix (QSPM)

Quantitative Strategic Planning Matrix (QSPM)