42.
Which of the following firms uses a deliberate strategy?
43.
Which of the following firms uses an emergent strategy?
44.
Consider the following three companies and their strategies.
• Company A is an established database management company that acquires a well-reputed but small
publishing house to enter the booming publishing industry.
• Company B, a sports management house, declared bankruptcy during a recent recession but now has
created a television network that airs regional sports events.
• Company C, a package delivery business, is a startup based on delivery efficiency models created by a
few students, and delivers almost all kinds of packages.
Which of the following describes the use of strategies by these companies accurately?
45.
A luxury bathtub manufacturer offered scented bubble bath foams and massage coupons as a gimmick
when their bathtubs did not sell. Their bubble foam became famous among some women and led to a
line of exclusive bath products for women. They established shops in various regional locations and
roped in celebrities to market their products to enhance sales. Now its products are sold through retail
outlets and online sites throughout the world. Which of the following is accurate?
46.
A computer chip manufacturing giant decides to outsource its operations to a new geographical location
with cheaper labor amidst ongoing labor strikes in a few of its existing locations (due to proposed job
cuts). This draws criticism in its new market and affects its current market position and productivity.
Which of the following would be an appropriate reactive (emergent) strategy while moving forward?
47.
A company’s business model
48.
Which of the following consumer goods companies does NOT pursue the same business model?
49.
Why is it important to craft a business model?
50.
Management’s blueprint for how and why the company’s business approaches will generate revenues
sufficient to cover costs and produce attractive profits and returns on investment
51.
The difference between a company‘s strategy and a company’s business model is that
52.
The customer value proposition lays out the company’s approach to
53.
A regional electric scooter manufacturer sells its scooter at a lower price than other two-wheeler
manufacturers. What will make the product most attractive for customers?
1-27
54.
A middle-class customer (target) base in a region is most concerned with quality and price of products.
Which of the following would be considered a best value proposition for the customers?
55.
Which of the following pizza firms competing in a crowded market likely offers the best value
proposition to its customers, based on the following sales pitches?
56.
Troopline Inc., an online laptop retailer, sells laptops of similar range and features as other online laptop
retailers. Which of the value propositions would NOT benefit the company?
57.
A search engine giant specializes in all types of search items; provides a free translation feature for 80
different languages; allows users to view ads on previously made related searches; provides suggestive
search items to assist the user; allows users to view a collation of related web pages users might want to
visit; and provides a faster load time and more accurate hits than its rivals. Which of the following is a
profit formula used by the company?
58.
A winning strategy is one that
59.
A winning strategy must pass which three tests?
60.
Which of the following questions can be used to distinguish a winning strategy from a mediocre or
losing strategy?
61.
Which of the following questions tests the merits of the firm’s strategy and distinguishes it as a winning
strategy?
62.
Crafting and executing a strategy is a top-priority managerial task because
63.
Why are crafting and executing business strategies the foremost tasks of any organization?
64.
Good strategy combined with good strategy execution
65.
The most significant signs of a well-managed company are
66.
Excellent execution of an excellent strategy is
67.
What is the foremost question in running a business enterprise?
68.
A pharmaceutical giant acquires a manufacturer of rare specialty drugs to improve its falling share
prices and invests all its wealth into the deal. Due to a deficit, it agrees to do a joint venture for the
acquisition and involves a major automobile giant to fund the deal. After a rocky start, the companies
now have a strong market position and generate good profits. Which of the following regarding the
company’s strategy is true?
69.
Which of the following questions ought to be used to distinguish a winning strategy from a so-so or
flawed strategy?
70.
In evaluating proposed or existing strategies managers should
71.
A winning strategy is one that
72.
Which of the following is a seldom used strategic approach to setting a company apart from rivals and
achieving a sustainable competitive advantage?
73.
A company achieves sustainable competitive advantage when
74.
Which of the following is not an element of a company‘s business strategy?
75.
Changing circumstances and ongoing managerial efforts to improve the strategy