GB 370 Questions Final Exam Review
2025
company cultures which are focused on hierarchy and decisions are made only by top managers
are:
a) high on institutional collectivism
b) low on institutional collectivism
c) high on power distance dimensions
d) low on power distance dimensions - Answer ☑️
✅c) high on power distance dimensions
a firm's performance relative to industry peers is likely to vary according to the level to which
resources, capabilities, and ultimately core competences satisfy VRIO criteria:
a) true
b) false - Answer ☑️
✅a) true
customers, employees, and investors are the stakeholder's most often emphasized in the
mission statements:
a) true
b) false - Answer ☑️
✅a) true
straddling as an approach to strategic management is not recommended for which reason:
a) research shows that straddling strategies leads to confusion among managers about the
direction of the company
b) it is an indication that the firm's managers have not made necessary choices about the
business and its strategy
c) it is an attempt to gain a competitive based on the product or service's over-all low cost
,d) according to porter, straddling strategies is recommended for narrow scope firms that have
been successful in the past - Answer ☑️ ✅b) it is an indication that the firm's managers have
not made necessary choices about the business and its strategy
consciously creating an environment where passion is both encouraged and developed starts at
the top through the communication of mission and vision
a) true
b) false - Answer ☑️
✅a) true
one key stakeholder group is comprised of the CEO and members of the top-management team
a) true
b) false - Answer ☑️
✅a) true
using porter's analysis, firms are likely to generate higher profits if the industry includes which
of the following?
a) there are many substitutes
b) difficult to enter
c) unlimited rivalry
d) buyers are strong - Answer ☑️
✅b) difficult to enter
industries with many companies that have successfully differentiated their product have more
rivalry.
a) true
b) false - Answer ☑️
✅b) false
strategic imitation a competitor's distinctive competence is difficult when all of the following
occur except:
a) it is difficult for employees to understand the strategy
,b) it is based on unique historical circumstances
c) it is based on a complex phenomenon
d) it is difficult for competitors to understand its nature or character - Answer ☑️
✅a) it is
difficult for employees to understand the strategy
one approach to focusing is to service either industrial buyers or consumers, but not both:
a) true
b) false - Answer ☑️
✅true
home replication means utilizing a core competency or a firm-specific advantage developed at
home as a main competitive weapon in a foreign market
a) true
b) false - Answer ☑️
✅a) true
which of the following is not an advantage of related diversification?
a) increase overall economic value through complementary strengths and capabilities
b) reduces economic risk by avoiding dependence on a specific business or activities
c) reduces overhead costs through economies of scale
d) increases overhead costs through economies of scope - Answer ☑️
✅d) increases overhead
costs through economies of scope
the related diversification corporate level-strategy is where an organization manufacturers one
product or service and sells it in a single geographic market
a) true
b) false - Answer ☑️
✅b) false
the more difficult it is for other firms to enter a market, the more likely it is that existing firms
can make relatively high profit:
, a) true
b) false - Answer ☑️
✅a) true
the degree to which a stakeholder is affected by a firm's decisions is sometimes correlated with
their power and influence over the decision:
a) true
b) false - Answer ☑️
✅a) true
within the strategic plans that are decided, divisional and business unit managers do not have
considerable freedom to adjust, adapt, and experiment:
a) true
b) false - Answer ☑️
✅b) false
the best strategies, corporate, and business, are based on a thorough SWOT analysis:
a) true
b) false - Answer ☑️
✅a) true
compared with the industry environment, the general environment has a more direct effect on
the firm's strategic competitiveness and above average returns
a) true
b) false - Answer ☑️
✅b) false
shareholders of a company frequently want different things such as Cap Gains, dividends, and
legitimate hiring practices:
a) true
b) false - Answer ☑️
✅a) true
2025
company cultures which are focused on hierarchy and decisions are made only by top managers
are:
a) high on institutional collectivism
b) low on institutional collectivism
c) high on power distance dimensions
d) low on power distance dimensions - Answer ☑️
✅c) high on power distance dimensions
a firm's performance relative to industry peers is likely to vary according to the level to which
resources, capabilities, and ultimately core competences satisfy VRIO criteria:
a) true
b) false - Answer ☑️
✅a) true
customers, employees, and investors are the stakeholder's most often emphasized in the
mission statements:
a) true
b) false - Answer ☑️
✅a) true
straddling as an approach to strategic management is not recommended for which reason:
a) research shows that straddling strategies leads to confusion among managers about the
direction of the company
b) it is an indication that the firm's managers have not made necessary choices about the
business and its strategy
c) it is an attempt to gain a competitive based on the product or service's over-all low cost
,d) according to porter, straddling strategies is recommended for narrow scope firms that have
been successful in the past - Answer ☑️ ✅b) it is an indication that the firm's managers have
not made necessary choices about the business and its strategy
consciously creating an environment where passion is both encouraged and developed starts at
the top through the communication of mission and vision
a) true
b) false - Answer ☑️
✅a) true
one key stakeholder group is comprised of the CEO and members of the top-management team
a) true
b) false - Answer ☑️
✅a) true
using porter's analysis, firms are likely to generate higher profits if the industry includes which
of the following?
a) there are many substitutes
b) difficult to enter
c) unlimited rivalry
d) buyers are strong - Answer ☑️
✅b) difficult to enter
industries with many companies that have successfully differentiated their product have more
rivalry.
a) true
b) false - Answer ☑️
✅b) false
strategic imitation a competitor's distinctive competence is difficult when all of the following
occur except:
a) it is difficult for employees to understand the strategy
,b) it is based on unique historical circumstances
c) it is based on a complex phenomenon
d) it is difficult for competitors to understand its nature or character - Answer ☑️
✅a) it is
difficult for employees to understand the strategy
one approach to focusing is to service either industrial buyers or consumers, but not both:
a) true
b) false - Answer ☑️
✅true
home replication means utilizing a core competency or a firm-specific advantage developed at
home as a main competitive weapon in a foreign market
a) true
b) false - Answer ☑️
✅a) true
which of the following is not an advantage of related diversification?
a) increase overall economic value through complementary strengths and capabilities
b) reduces economic risk by avoiding dependence on a specific business or activities
c) reduces overhead costs through economies of scale
d) increases overhead costs through economies of scope - Answer ☑️
✅d) increases overhead
costs through economies of scope
the related diversification corporate level-strategy is where an organization manufacturers one
product or service and sells it in a single geographic market
a) true
b) false - Answer ☑️
✅b) false
the more difficult it is for other firms to enter a market, the more likely it is that existing firms
can make relatively high profit:
, a) true
b) false - Answer ☑️
✅a) true
the degree to which a stakeholder is affected by a firm's decisions is sometimes correlated with
their power and influence over the decision:
a) true
b) false - Answer ☑️
✅a) true
within the strategic plans that are decided, divisional and business unit managers do not have
considerable freedom to adjust, adapt, and experiment:
a) true
b) false - Answer ☑️
✅b) false
the best strategies, corporate, and business, are based on a thorough SWOT analysis:
a) true
b) false - Answer ☑️
✅a) true
compared with the industry environment, the general environment has a more direct effect on
the firm's strategic competitiveness and above average returns
a) true
b) false - Answer ☑️
✅b) false
shareholders of a company frequently want different things such as Cap Gains, dividends, and
legitimate hiring practices:
a) true
b) false - Answer ☑️
✅a) true
