Since a combination strategy bears no risk, many organizations pursue a combination of
two or more strategies simultaneously.
Japan is providing incentives for its elderly to work until ages 65-75.
Objectives should be measurable, challenging, reasonable, consistent, and clear.
California is the nation’s second-largest producer of solar energy.
The U.S. Chamber of Commerce supports the change from GAAP to IFRS, saying it
will help the U.S. compete in the world economy.
How would Hershey’s current divisional structure most likely be classified?
A) By geographic area
B) By product
C) By service
D) By customer
E) By process
In general, what happens to American goods in overseas markets when there is a strong
dollar?
A) They are less expensive.
B) They are more attractive.
C) They are cheaper.
D) They are more expensive.
E) They are desirable.
Revlon closing its manufacturing plant in France and laying off 5 percent of its
workforce is an example of
A) divestiture.
B) backward integration.
C) liquidation.
D) retrenchment.
E) forward integration.
Which level of strategy is most likely NOT present in small firms?
A) Company
B) Functional
C) Divisional
D) Operational
E) All of the above are present in small firms.
Superior strategy formulation and implementation ________ an opponent’s superiority
in numbers and resources.
A) are irrelevant to
B) are not enough to surmount
C) can overcome
D) can lead to
E) unite
The United Kingdom’s new Bribery Law
A) is less stringent than the similar U.S. FCPA.
B) carries a minimum 10-year prison sentence for those convicted of bribery.
C) allows foreign companies doing business in the UK to bribe officials if that is their
national convention.
D) stipulates that failure to prevent bribery is an offense.
E) All of the above
Which strategy is appropriate when an organization competes in an industry
characterized by rapid technological developments?
A) Retrenchment
B) Product development
C) Backward integration
D) Liquidation
E) Market penetration
________ is a commonly used approach to determine R&D budget allocations.
A) Financing as many project proposals as possible
B) Using a percentage-of-sales method
C) Budgeting for R&D about what competitors spend
D) Deciding how many successful new products are needed
E) All of the above
The recommended length of an effective mission statement is ________ words.
A) approximately 25
B) no more than 100
C) less than 250
D) at least 300
E) more than 500
Which of the following is a limitation associated with a SWOT Matrix?
A) Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an
oversimplification.
B) Many businesses fall right in the middle of the matrix.
C) It is a static assessment in time.
D) Other variables besides relative market share position and industry growth rate in
sales need to be considered.
E) The matrix does not reflect whether or not various divisions or their industry are
growing over time.
The Robinson-Patman Act affects a company’s
A) pricing.
B) product/service planning.
C) customer analysis.
D) marketing research.
E) distribution.
Long-term objectives should be all of the following EXCEPT
A) measurable.
B) continually changing.
C) reasonable.
D) challenging.
E) consistent.
Which of the following is NOT a characteristic that describes the most competitive
companies in America?
A) Divestiture is essential to growth.
B) Hire and retain the best employees and managers possible.
C) Continually adapt, innovate, improve-especially when the firm is successful.
D) Strive to stay cost-competitive on a global basis.
E) Whether it’s broke or not, fix it.
The percentage of persons age 65 or older exceeds 20 percent in Japan, Italy, and
A) Germany.
B) the USA.
C) France.
D) China.
E) All of the above
Evaluating the worth of a firm
A) is an exact science.
B) requires both qualitative and quantitative skills.
C) is based solely on financial facts.
D) is known only to the firm’s accountants.
E) is static.
Selling includes all of these marketing activities EXCEPT
A) advertising.
B) dealer relations.
C) customer analysis.
D) publicity.
E) sales promotion.
The I/O approach to competitive advantage advocates that external factors are
________ internal factors in a firm achieving competitive advantage.
A) less important than
B) equally important as
C) more important than
D) more common than
E) less common than
Discuss the dos and don’ts in developing organizational charts.
Using a Grand Strategy Matrix approach, what strategies are recommended for a firm
that is a weak competitor in a slow-growing market? Elaborate on what these strategies
could mean for a college or university.
Explain why it is important to encourage whistle-blowing in a firm.
Compare and contrast the IE Matrix with the BCG Matrix.
Discuss the five steps involved in performing an IFE Matrix.
Explain the concept of matching in the strategy formulation framework. Give at least
three examples of matching.
Give at least seven reasons given for why some firms do no strategic planning.
According to James Van Horne, what are the three decisions that comprise the functions
of finance? Describe each function.
If you construct a SPACE Matrix and the directional vector points to the lower left
quadrant, what type of strategies would you recommend? Give several examples.
Define and give examples of the two diversification strategies.