Question 1

The assumption that a single global market exists would lead to a:

Accepted Answer

A)   globalisation strategy
B)   multidomestic strategy
C)   export strategy
D)   transnational strategy.E) A) and B)
F) All of the above

Question 2

An organisation that has standardised its product line throughout the world would be pursuing a:

Accepted Answer

A)   multidomestic strategy
B)   transnational strategy
C)   export strategy
D)   globalisation strategy.E) B) and C)
F) A) and C)

Question 3

The ability to leverage and develop more from the organisation's existing assets,capabilities and core competencies in a way that will provide a sustained competitive advantage is known as a:

Accepted Answer

A)   relative strength
B)   dynamic capability
C)   cost leadership advantage
D)   opportunity
E)   None of these choices.F) A) and D)
G) A) and B)

Question 4

According to Porter,Porche's production of high-performance sports cars represents an example of a focus strategy.

Accepted Answer

A) True 
 B)False

Question 5

According to the BCG matrix,a _________________ (two words)exists in a mature,slow-growth industry but is a dominant business in the industry,with a large market share.

Accepted Answer

The answer of According to the BCG matrix,a _________________ (two...

Question 6

Synergy is a condition that exists when organisation's parts interact to produce a joint effect that is greater than the sum of the parts acting alone.

Accepted Answer

A) True 
 B)False

Question 7

The BCG matrix organises along which of the following dimensions?

Accepted Answer

A)   Market share and profit
B)   Sales and market share
C)   Business growth rate and market share
D)   Business growth rate and profit
E)   Sales and profitsF) C) and E)
G) B) and E)

Question 8

With a(n) __________ strategy,the organisation concentrates on a specific regional market or buyer group.

Accepted Answer

A)   cost leadership
B)   differentiation
C)   focus
D)   internal growth
E)   liquidationF) B) and D)
G) All of the above

Question 9

A functional-level strategy is mostly concerned with which question?

Accepted Answer

A)   What business are we in?
B)   How do we compete?
C)   How do we support our chosen strategy?
D)   What business do we buy?
E)   Where to market our products?F) All of the above
G) A) and B)

Question 10

Strengths and ____________________ are typically gauged through internal analysis,while opportunities and threats are typically gauged through external analysis.

Accepted Answer

The answer of Strengths and ____________________ are typically gauged through...

Question 11

According to Porter's 'five forces',comments by a potential competitor that they will 'introduce their products at reduced prices so that other organisations will go out of business' is an example of a 'threat of new entrants'.

Accepted Answer

A) True 
 B)False

Question 12

The question 'What business are we in?' concerns corporate-level strategy.

Accepted Answer

A) True 
 B)False

Question 13

Portfolio management refers to the manner in which an individual organises and presents their past achievements.

Accepted Answer

A) True 
 B)False

Question 14

Under the assumptions of the BCG Matrix,a 'question mark' has a:

Accepted Answer

A)   large market share in a rapidly growing industry
B)   large market share in a slow growth industry
C)   small market share in a rapidly growing industry
D)   small share of a slow growth market
E)   moderate market share in a slow growth industry,F) A) and B)
G) A) and C)

Question 15

When a number of new organisations enter a growth market,the amount of choice available increases.Such a situation would most closely be associated with the _____________________(four words)in Porter's 'five forces' model.

Accepted Answer

bargaining...

Question 16

The _____________ strategy involves an attempt to distinguish the organisation's products or services from others in the industry.

Accepted Answer

A)   differentiation
B)   cost leadership
C)   focus
D)   focus cost leadership
E)   None of these choices.F) A) and E)
G) B) and E)

Question 17

It is impossible for an organisation to convert its weaknesses into strengths.

Accepted Answer

A) True 
 B)False

Question 18

The increase in customer preference for healthy eating over the past ten years has presented a threat to the growth of Coca Cola's soft drink business.Which of Porter's 'five forces' would you attribute this change in preference?

Accepted Answer

A)   Differentiation
B)   Bargaining power of buyers
C)   Bargaining power of suppliers
D)   Threat of substitute products
E)   Potential new entrantsF) C) and D)
G) A) and B)

Question 19

The standardisation of product design and advertising strategies throughout the world is called ____________________.

Accepted Answer

The answer of The standardisation of product design and advertising...

Question 20

With a ____________________ strategy,the organisation concentrates on a specific regional market or buyer group.

Accepted Answer

The answer of With a ____________________ strategy,the organisation concentrates on...

Exam 8: Strategy Formulation and Implementation

According to Porter's 'five forces',comments by a potential competitor that they will 'introduce their products at reduced prices so that other organisations will go out of business' is an example of a 'threat of new entrants'.

Correct AnswerverifiedShow Answer

When a number of new organisations enter a growth market,the amount of choice available increases.Such a situation would most closely be associated with the _____________________(four words)in Porter's 'five forces' model.

Correct Answerverifiedbargaining...View AnswerShow Answer

The _____________ strategy involves an attempt to distinguish the organisation's products or services from others in the industry.

Correct AnswerverifiedShow Answer

According to Porter,Porche's production of high-performance sports cars represents an example of a focus strategy.

Correct AnswerverifiedShow Answer

An organisation that has standardised its product line throughout the world would be pursuing a:

Correct AnswerverifiedShow Answer

With a(n) __________ strategy,the organisation concentrates on a specific regional market or buyer group.

Correct AnswerverifiedShow Answer

It is impossible for an organisation to convert its weaknesses into strengths.

Correct AnswerverifiedShow Answer

Portfolio management refers to the manner in which an individual organises and presents their past achievements.

Correct AnswerverifiedShow Answer

The ability to leverage and develop more from the organisation's existing assets,capabilities and core competencies in a way that will provide a sustained competitive advantage is known as a:

Correct AnswerverifiedShow Answer

The standardisation of product design and advertising strategies throughout the world is called ____________________.

Correct AnswerverifiedShow Answer

The BCG matrix organises along which of the following dimensions?

Correct AnswerverifiedShow Answer

The assumption that a single global market exists would lead to a:

Correct AnswerverifiedShow Answer

The increase in customer preference for healthy eating over the past ten years has presented a threat to the growth of Coca Cola's soft drink business.Which of Porter's 'five forces' would you attribute this change in preference?

Correct AnswerverifiedShow Answer

The question 'What business are we in?' concerns corporate-level strategy.

Correct AnswerverifiedShow Answer

With a ____________________ strategy,the organisation concentrates on a specific regional market or buyer group.

Correct AnswerverifiedShow Answer

Strengths and ____________________ are typically gauged through internal analysis,while opportunities and threats are typically gauged through external analysis.

Correct AnswerverifiedShow Answer

A functional-level strategy is mostly concerned with which question?

Correct AnswerverifiedShow Answer

Synergy is a condition that exists when organisation's parts interact to produce a joint effect that is greater than the sum of the parts acting alone.

Correct AnswerverifiedShow Answer

According to the BCG matrix,a _________________ (two words)exists in a mature,slow-growth industry but is a dominant business in the industry,with a large market share.

Correct AnswerverifiedShow Answer

Under the assumptions of the BCG Matrix,a 'question mark' has a:

Correct AnswerverifiedShow Answer

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bargaining...
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