MGT103 A | GUARANTEED SUCCESS STARTS HERE!
LEARN, PRACTICE & EXCEL!
Steve has been tasked with the job of outlining decisions about resource allocation,
priorities, and action steps that are necessary to reach one of his company's strategic
goals. What is Steve developing?
A. strategic plan
B. operational plan
C. strategic mission
D. tactical plan - Answer: A
What is true of a tactical plan?
A. It involves front-line managers.
B. It has a longer time horizon than a strategic plan.
C. It is primarily concerned with deciding what to do.
D. It is developed to implement specific parts of a strategic plan. - Answer: D
The planning process takes place within a(n) ___ context.
A. environmental
B. functional
C. planning
D. Operational - Answer: A
In Pleasantville, JJ's Auto Repair is where most residents go for any type of car repair.
Inspired by his entrepreneurial son, JJ has decided to open a detailing shop on adjoining
property. If JJ elected to open an auto repair shop in the neighboring county, he would be
expanding his ___.
A. business scope
B. operational goals
APPHIA – Crafted with Care and Precision for Academic Excellence.
1
,C. distinctive competence
D. effective strategies - Answer: A
___ is the set of strategic alternatives from which an organization chooses as it manages its
operations simultaneously across several industries and several markets.
A. Business-level strategy
B. Effective strategy
C. Resource strategy
D. Corporate-level strategy - Answer: D
Lighthouse Cinema has enjoyed a successful history in the town of Battle Ridge, VA.
Despite the growth of multiplex theaters in most population centers, Lighthouse Cinema
has remained a popular entertainment option for the surrounding area, but sales have
been stagnant over the past few years. A national theater chain recently announced that it
will build a 10-theater facility on the outskirts of Battle Ridge. This development calls for
Lighthouse Cinema to pursue a strategy that will ___.
A. revise internal operating procedures
B. pursue new investment opportunities
C. narrow the target market
D. neutralize the impending threat - Answer: D
An organizational _______is an area that increases the difficulty of an
organizationperforming at a high level.
A. weakness
B. strength
C. threat
D. strategy - Answer: B
When devising a new strategy, it is best to start with what?
APPHIA – Crafted with Care and Precision for Academic Excellence.
2
, A. a tactical plan
B. a SWOT analysis
C. strategy formulation
D. an operational plan - Answer: B
Lighthouse Cinema has enjoyed a successful history in the town of Battle Ridge, VA.
Despite the growth of multiplex theaters in most population centers, Lighthouse Cinema
has remained a popular entertainment option for the surrounding area, but sales have
been stagnant over the past few years. A national theater chain recently announced that it
will build a 10-theater facility on the outskirts of Battle Ridge. The owner of Lighthouse
Cinema has learned that the new competitor's prices will be 20% higher than his theater
admissions. Consequently, Lighthouse Cinema should strongly consider a business-level
strategy based on ___.
A. differentiation
B. product life cycle
C. concentration on a specific market
D. cost leadership - Answer: D
Product differentiation, low costs, and the development of new products or services are
key to a company's success at what stage of the product life cycle?
A. introduction
B. decline
C. diversification
D. growth - Answer: B
Lighthouse Cinema has enjoyed a successful history in the town of Battle Ridge, VA. The
movie theater has remained a popular entertainment option for the surrounding area, but
sales have been stagnant over the past few years. The theater is currently in the ___ stage of
the product life cycle.
APPHIA – Crafted with Care and Precision for Academic Excellence.
3
LEARN, PRACTICE & EXCEL!
Steve has been tasked with the job of outlining decisions about resource allocation,
priorities, and action steps that are necessary to reach one of his company's strategic
goals. What is Steve developing?
A. strategic plan
B. operational plan
C. strategic mission
D. tactical plan - Answer: A
What is true of a tactical plan?
A. It involves front-line managers.
B. It has a longer time horizon than a strategic plan.
C. It is primarily concerned with deciding what to do.
D. It is developed to implement specific parts of a strategic plan. - Answer: D
The planning process takes place within a(n) ___ context.
A. environmental
B. functional
C. planning
D. Operational - Answer: A
In Pleasantville, JJ's Auto Repair is where most residents go for any type of car repair.
Inspired by his entrepreneurial son, JJ has decided to open a detailing shop on adjoining
property. If JJ elected to open an auto repair shop in the neighboring county, he would be
expanding his ___.
A. business scope
B. operational goals
APPHIA – Crafted with Care and Precision for Academic Excellence.
1
,C. distinctive competence
D. effective strategies - Answer: A
___ is the set of strategic alternatives from which an organization chooses as it manages its
operations simultaneously across several industries and several markets.
A. Business-level strategy
B. Effective strategy
C. Resource strategy
D. Corporate-level strategy - Answer: D
Lighthouse Cinema has enjoyed a successful history in the town of Battle Ridge, VA.
Despite the growth of multiplex theaters in most population centers, Lighthouse Cinema
has remained a popular entertainment option for the surrounding area, but sales have
been stagnant over the past few years. A national theater chain recently announced that it
will build a 10-theater facility on the outskirts of Battle Ridge. This development calls for
Lighthouse Cinema to pursue a strategy that will ___.
A. revise internal operating procedures
B. pursue new investment opportunities
C. narrow the target market
D. neutralize the impending threat - Answer: D
An organizational _______is an area that increases the difficulty of an
organizationperforming at a high level.
A. weakness
B. strength
C. threat
D. strategy - Answer: B
When devising a new strategy, it is best to start with what?
APPHIA – Crafted with Care and Precision for Academic Excellence.
2
, A. a tactical plan
B. a SWOT analysis
C. strategy formulation
D. an operational plan - Answer: B
Lighthouse Cinema has enjoyed a successful history in the town of Battle Ridge, VA.
Despite the growth of multiplex theaters in most population centers, Lighthouse Cinema
has remained a popular entertainment option for the surrounding area, but sales have
been stagnant over the past few years. A national theater chain recently announced that it
will build a 10-theater facility on the outskirts of Battle Ridge. The owner of Lighthouse
Cinema has learned that the new competitor's prices will be 20% higher than his theater
admissions. Consequently, Lighthouse Cinema should strongly consider a business-level
strategy based on ___.
A. differentiation
B. product life cycle
C. concentration on a specific market
D. cost leadership - Answer: D
Product differentiation, low costs, and the development of new products or services are
key to a company's success at what stage of the product life cycle?
A. introduction
B. decline
C. diversification
D. growth - Answer: B
Lighthouse Cinema has enjoyed a successful history in the town of Battle Ridge, VA. The
movie theater has remained a popular entertainment option for the surrounding area, but
sales have been stagnant over the past few years. The theater is currently in the ___ stage of
the product life cycle.
APPHIA – Crafted with Care and Precision for Academic Excellence.
3
