11 May WHICH OF THE FOLLOWING DESCRIBES THE MOST APPROPRIATE USE OF BUSINESS-LEVEL STRATEGIES?
Which of the following maintains the ultimate
responsibility for strategy within an organization?
A) senior management
B) employee teams
C) lower-level managers
D) mid-level executives
92) Business-level and corporate-level strategies are least
likely to share which of the following elements?
A) breadth of focus
B) focus on quality and efficiency
C) focus on cash flow maximization
D) focus on profit maximization
93) Which type of firm would most likely use corporate-level
strategies?
A) firms that choose to compete in an attractive industry
B) firms that compete in only a single business or market
segment
C) firms that compete in many diversified or unrelated businesses
and industries
D) firms that possess superior capabilities
94) Which of the following describes the most appropriate use
of business-level strategies?
A) pursuing opportunities within a specific business
B) managing diversified businesses
C) outsourcing production to overseas divisions
D) competing in hypercompetitive markets
95) A conglomerate is best described as ________.
A) a business that is not diversified
B) a highly diversified business that does not fit into one
specific category
C) a business that sells only one product
D) a business that fits into a specific market or industry
category
96) The strategic management process features all of the
following components EXCEPT:
A) Vision and mission
B) Specific tactics
C) Internal and external analysis
D) Strategic leadership
97) A strategy can most accurately be defined as:
A) The coordinated means by which an organization pursues its
goals
B) How vision, goals, and objectives are put into analysis
C) Making the tradeoff decisions that allow the business to
make the best of the future
D) Developing insights into business situations as they occur
98) Which of the following best describes decisions that
companies must make in regards to business-level strategy?
A) What strategies are used by the business in various
industries
B) Which industries the corporation will be in
C) How the company will achieve its objectives today and
tomorrow
D) How to enter and leave an industry
100) Wal-Mart diversified into multiple businesses due to which
of the following factors:
A) Cooperating with suppliers of technology
B) Increase in foot traffic
C) Increased industry awareness
D) Increased specialization in the retail industry91) Which of the following maintains the ultimate
responsibility for strategy within an organization? A) senior managementB) employee teamsC) lower-level managersD) mid-level executives 92) Business-level and corporate-level strategies are least
likely to share which of the following elements?A) breadth of focus B) focus on quality and efficiencyC) focus on cash flow maximizationD) focus on profit maximization 93) Which type of firm would most likely use corporate-level
strategies?A) firms that choose to compete in an attractive industryB) firms that compete in only a single business or market
segmentC) firms that compete in many diversified or unrelated businesses
and industriesD) firms that possess superior capabilities 94) Which of the following describes the most appropriate use
of business-level strategies?A) pursuing opportunities within a specific businessB) managing diversified businessesC) outsourcing production to overseas divisionsD) competing in hypercompetitive markets 95) A conglomerate is best described as ________.A) a business that is not diversifiedB) a highly diversified business that does not fit into one
specific categoryC) a business that sells only one productD) a business that fits into a specific market or industry
category 96) The strategic management process features all of the
following components EXCEPT:A) Vision and missionB) Specific tacticsC) Internal and external analysisD) Strategic leadership 97) A strategy can most accurately be defined as:A) The coordinated means by which an organization pursues its
goalsB) How vision, goals, and objectives are put into analysisC) Making the tradeoff decisions that allow the business to
make the best of the futureD) Developing insights into business situations as they occur 98) Which of the following best describes decisions that
companies must make in regards to business-level strategy?A) What strategies are used by the business in various
industriesB) Which industries the corporation will be inC) How the company will achieve its objectives today and
tomorrowD) How to enter and leave an industry 100) Wal-Mart diversified into multiple businesses due to which
of the following factors:A) Cooperating with suppliers of technologyB) Increase in foot trafficC) Increased industry awarenessD) Increased specialization in the retail industry
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