MGMT 309- Ch. 7 Questions With
Complete Solutions
Effective strategies
a. develop long-range plans for resource allocation.
b. provide an in-depth analysis of the organization's internal strengths and
weaknesses.
c. provide managers with a list of environmental contingency factors.
d. align the organization and environment to achieve strategic goals.
e. focus on the mission statement. - ANSWER D
Krispy Kreme sells doughnuts. It markets them primarily to people who want
something quick and sweet for breakfast or as a morning snack. This is an
example of Krispy Kreme's
a. industry niche.
b. synergy.
c. scope.
d. resource deployment.
e. entropy. - ANSWER C
Which of the following areas does a well-conceived strategy address?
a. The organizational chart
b. Scope
c. Suppliers and distributors
d. Pricing strategy
e. Tactical goals - ANSWER B
Food 4 All, Inc. sold its three nonfood businesses and replaced them with firms
in the food industry. Which element of corporate strategy does this choice to
compete in the food industry specifically address?
a. Scope
b. Resource deployment
c. Distinctive competence
d. Synergy
e. Alignment - ANSWER A
The Culinary Institute of America (CIA) teaches cooking and operates French,
Italian, and American restaurants. It also sells cooking supplies. This is an
example of CIA's ____.
a. alignment
,b. synergy
c. distinctive competence
d. resource deployment
e. Scope - ANSWER E
Coca-Cola sells soft drinks, bottled water, and sports drinks. This is an example
of
a. alignment.
b. synergy.
c. scope.
d. resource deployment.
e. entropy. - ANSWER C
Wal-Mart sought approval for an industrial bank charter. This is an example of
changing
a. alignment.
b. synergy.
c. scope.
d. resource deployment.
e. entropy. - ANSWER D
When an airline uses profits from one region to lower prices in another region it
is using
a. alignment.
b. synergy.
c. scope.
d. resource deployment.
e. entropy. - ANSWER D
____ is the component of strategy that indicates what the organization does
exceptionally well.
a. Resource deployment
b. Synergy
c. Scope
d. Distinctive competence
e. None of these choices - ANSWER D
In the 1980s, if you mentioned Harley-Davidson motorcycles to the average
consumer, he or she immediately thought of motorcycle gangs-- more
specifically, Hell's Angels. Now the price of a Harley can top $20,000, and there
are riding clubs like Rubs (Rich urban riders) that include executives, attorneys,
and doctors. The club members are attracted to Harleys for their wild and free
image. Harley-Davidson's image is a(n) ____ not easily imitated by competitors.
a. organizational weakness
b. strategic limitation
c. Entropy
, d. distinctive competence
e. organizational opportunity - ANSWER D
Business-level strategy focuses primarily on
a. which markets to enter and how to use the firm's money, people, and physical
facilities.
b. which markets to enter and in what areas the firm may have a competitive
edge.
c. which markets to enter and how the parts of the organization enhance the
entry.
d. the areas in which the firm may have an advantage and how much various
organizational parts enhance each other.
e. the firm's competitive advantage(s). - ANSWER D
Strategy formulation is
a. a set of processes involving the organization's strategies.
b. the method by which strategies are operationalized.
c. the same as goal development.
d. also called corporate-level strategy.
e. a form of functional strategy. - ANSWER A
After so many people complimented Robin Hoder's honey mustard, she decided
to start a small business called Naples Valley Products to manufacture and
market her mustard. At this juncture, Hoder was engaged in
a. strategic marketing.
b. tactical implementation.
c. strategic formulation.
d. corporate strategy.
e. competitive response. - ANSWER C
GE competes in industries ranging from medical devices to appliances to
television networks. GE's mixed strategy is an example of ____ strategy.
a. corporate-level
b. long-term
c. business-level
d. functional
e. short-term - ANSWER A
The primary concern of strategy implementation is
a. the content of the strategy.
b. how the strategy is operationalized and executed.
c. goal development.
d. corporate-level strategy.
e. functional strategy. - ANSWER B
Complete Solutions
Effective strategies
a. develop long-range plans for resource allocation.
b. provide an in-depth analysis of the organization's internal strengths and
weaknesses.
c. provide managers with a list of environmental contingency factors.
d. align the organization and environment to achieve strategic goals.
e. focus on the mission statement. - ANSWER D
Krispy Kreme sells doughnuts. It markets them primarily to people who want
something quick and sweet for breakfast or as a morning snack. This is an
example of Krispy Kreme's
a. industry niche.
b. synergy.
c. scope.
d. resource deployment.
e. entropy. - ANSWER C
Which of the following areas does a well-conceived strategy address?
a. The organizational chart
b. Scope
c. Suppliers and distributors
d. Pricing strategy
e. Tactical goals - ANSWER B
Food 4 All, Inc. sold its three nonfood businesses and replaced them with firms
in the food industry. Which element of corporate strategy does this choice to
compete in the food industry specifically address?
a. Scope
b. Resource deployment
c. Distinctive competence
d. Synergy
e. Alignment - ANSWER A
The Culinary Institute of America (CIA) teaches cooking and operates French,
Italian, and American restaurants. It also sells cooking supplies. This is an
example of CIA's ____.
a. alignment
,b. synergy
c. distinctive competence
d. resource deployment
e. Scope - ANSWER E
Coca-Cola sells soft drinks, bottled water, and sports drinks. This is an example
of
a. alignment.
b. synergy.
c. scope.
d. resource deployment.
e. entropy. - ANSWER C
Wal-Mart sought approval for an industrial bank charter. This is an example of
changing
a. alignment.
b. synergy.
c. scope.
d. resource deployment.
e. entropy. - ANSWER D
When an airline uses profits from one region to lower prices in another region it
is using
a. alignment.
b. synergy.
c. scope.
d. resource deployment.
e. entropy. - ANSWER D
____ is the component of strategy that indicates what the organization does
exceptionally well.
a. Resource deployment
b. Synergy
c. Scope
d. Distinctive competence
e. None of these choices - ANSWER D
In the 1980s, if you mentioned Harley-Davidson motorcycles to the average
consumer, he or she immediately thought of motorcycle gangs-- more
specifically, Hell's Angels. Now the price of a Harley can top $20,000, and there
are riding clubs like Rubs (Rich urban riders) that include executives, attorneys,
and doctors. The club members are attracted to Harleys for their wild and free
image. Harley-Davidson's image is a(n) ____ not easily imitated by competitors.
a. organizational weakness
b. strategic limitation
c. Entropy
, d. distinctive competence
e. organizational opportunity - ANSWER D
Business-level strategy focuses primarily on
a. which markets to enter and how to use the firm's money, people, and physical
facilities.
b. which markets to enter and in what areas the firm may have a competitive
edge.
c. which markets to enter and how the parts of the organization enhance the
entry.
d. the areas in which the firm may have an advantage and how much various
organizational parts enhance each other.
e. the firm's competitive advantage(s). - ANSWER D
Strategy formulation is
a. a set of processes involving the organization's strategies.
b. the method by which strategies are operationalized.
c. the same as goal development.
d. also called corporate-level strategy.
e. a form of functional strategy. - ANSWER A
After so many people complimented Robin Hoder's honey mustard, she decided
to start a small business called Naples Valley Products to manufacture and
market her mustard. At this juncture, Hoder was engaged in
a. strategic marketing.
b. tactical implementation.
c. strategic formulation.
d. corporate strategy.
e. competitive response. - ANSWER C
GE competes in industries ranging from medical devices to appliances to
television networks. GE's mixed strategy is an example of ____ strategy.
a. corporate-level
b. long-term
c. business-level
d. functional
e. short-term - ANSWER A
The primary concern of strategy implementation is
a. the content of the strategy.
b. how the strategy is operationalized and executed.
c. goal development.
d. corporate-level strategy.
e. functional strategy. - ANSWER B
