BUAD 453 Strategy Exam with answers || || || || ||
What is an appropriate problem statement/strategic challenge for the Charles
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Chocolates case? - CORRECT ANSWERS ✔✔The Charles Chocolates Board
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of Directors has charged Steve Parkland to double or triple the size of the
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company within 10 years. The strategy must fit the company's culture and
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gain support of the board, management, and employees.
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There are 3 levels of strategy that affect different levels in an organization-
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corporate, business and managerial/functional level strategy. Which level of
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strategy is most relevant when making decisions about how a business-unit
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within the firm will be competitve? - CORRECT ANSWERS ✔✔Business-
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Level Strategy ||
Which of the following business-level strategies is most appropriate for
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Charles Chocolates? ||
cost leadership/low cost
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differentiation
high cost ||
merger & acquisitions - CORRECT ANSWERS ✔✔differentiation
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Charles Chocolates has 4 main competitors in the premium chocolate
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industry: Godiva, Delice, Lindt, and Cardon's. Using the information in the
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"Competitors" section on page 2 of the case, which of these companies is most
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, likely to lean toward a cost leadership business-level strategy - CORRECT
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ANSWERS ✔✔Godiva ||
Which strategic management analytical framework is most appropriate when
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assessing major factors that affect profit potential of the premium chocolate
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industry? - CORRECT ANSWERS ✔✔Porter's 5 Forces
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There are many substitutes for premium chocolate, particularly as a gift.
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Which of the following is NOT a substitute?
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flowers
wine
edible arrangements
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premium chocolate from other companies - CORRECT ANSWERS
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✔✔premium chocolate from other companies || || || ||
Which of the following facts from the case would decrease the threat of new
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entrants in a Porter's Five Forces Analysis? - CORRECT ANSWERS ✔✔there
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is significant brand loyalty for current competitors
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Which would increase the threat of new entrants in a Porter's Five Force
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Analysis? - CORRECT ANSWERS ✔✔many differentiated products in the
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market
relatively low start-up costs || || ||
the industry is expected to grow by 10% per year
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What is an appropriate problem statement/strategic challenge for the Charles
|| || || || || || || || || ||
Chocolates case? - CORRECT ANSWERS ✔✔The Charles Chocolates Board
|| || || || || || || || ||
of Directors has charged Steve Parkland to double or triple the size of the
|| || || || || || || || || || || || || ||
company within 10 years. The strategy must fit the company's culture and
|| || || || || || || || || || || ||
gain support of the board, management, and employees.
|| || || || || || ||
There are 3 levels of strategy that affect different levels in an organization-
|| || || || || || || || || || || ||
corporate, business and managerial/functional level strategy. Which level of
|| || || || || || || || ||
strategy is most relevant when making decisions about how a business-unit
|| || || || || || || || || || ||
within the firm will be competitve? - CORRECT ANSWERS ✔✔Business-
|| || || || || || || || ||
Level Strategy ||
Which of the following business-level strategies is most appropriate for
|| || || || || || || || || ||
Charles Chocolates? ||
cost leadership/low cost
|| ||
differentiation
high cost ||
merger & acquisitions - CORRECT ANSWERS ✔✔differentiation
|| || || || || ||
Charles Chocolates has 4 main competitors in the premium chocolate
|| || || || || || || || || ||
industry: Godiva, Delice, Lindt, and Cardon's. Using the information in the
|| || || || || || || || || ||
"Competitors" section on page 2 of the case, which of these companies is most
|| || || || || || || || || || || || || ||
, likely to lean toward a cost leadership business-level strategy - CORRECT
|| || || || || || || || || || || ||
ANSWERS ✔✔Godiva ||
Which strategic management analytical framework is most appropriate when
|| || || || || || || || ||
assessing major factors that affect profit potential of the premium chocolate
|| || || || || || || || || || ||
industry? - CORRECT ANSWERS ✔✔Porter's 5 Forces
|| || || || || ||
There are many substitutes for premium chocolate, particularly as a gift.
|| || || || || || || || || || ||
Which of the following is NOT a substitute?
|| || || || || || ||
flowers
wine
edible arrangements
||
premium chocolate from other companies - CORRECT ANSWERS
|| || || || || || || ||
✔✔premium chocolate from other companies || || || ||
Which of the following facts from the case would decrease the threat of new
|| || || || || || || || || || || || || ||
entrants in a Porter's Five Forces Analysis? - CORRECT ANSWERS ✔✔there
|| || || || || || || || || || ||
is significant brand loyalty for current competitors
|| || || || || ||
Which would increase the threat of new entrants in a Porter's Five Force
|| || || || || || || || || || || || ||
Analysis? - CORRECT ANSWERS ✔✔many differentiated products in the
|| || || || || || || || ||
market
relatively low start-up costs || || ||
the industry is expected to grow by 10% per year
|| || || || || || || || ||
