ADMN 232 FINAL REVIEW EXAM QUESTIONS AND CORRECT ANSWERS
competitive cadvantage c- cCORRECT cANS✔✔using cresources cto cprovide cgreater cvalue cfor ccustomers cthan ccompetitors ccan
sustainable ccompetitive cadvantage c- cCORRECT cANS✔✔competitive cadvantage cthat cother ccompanies chave ctried
cunsuccessfully cto cduplicate cand chave, cfor cthe cmoment, cstopped ctrying cto cduplicate
situational canalysis c(SWOT canalysis) c- cCORRECT cANS✔✔an cassessment cof cthe cstrengths cand cweaknesses cin can
corganization's cinternal cenvironment cand cthe copportunities cand cthreats cin cits cexternal cenvironment
portfolio cstrategy c- cCORRECT cANS✔✔a ccorporate-level cstrategy cthat cminimizes crisk cby cdiversifying cinvestment camong
cvarious cbusinesses cor cproduct clines
unrelated cdiversification c- cCORRECT cANS✔✔creating cor cacquiring ccompanies cin ccompletely cunrelated cbusinesses
BCG cMatrix c- cCORRECT cANS✔✔a cportfolio cstrategy cdeveloped cby cthe cBoston cConsulting cGroup cthat ccategorizes ca
ccorporation's cbusinesses cby cgrowth crate cand crelative cmarket cshare cand chelps cmanagers cdecide chow cto cinvest ccorporate
cfunds
star c- cCORRECT cANS✔✔a ccompany cthat chas ca clarge cshare cof cfast-growing cmarket
question cmark c- cCORRECT cANS✔✔a ccompany cthat chas ca csmall cshare cof ca cfast-growing cmarket
cash ccow c- cCORRECT cANS✔✔a ccompany cthat chas ca clarge cshare cof ca cslow-growing cmarket
dog c- cCORRECT cANS✔✔a ccompany cthat chas ca csmall cshare cof ca cslow-growing cmarket
grand cstrategy c- cCORRECT cANS✔✔a cbroad ccorporate-level cstrategic cplan cused cto cachieve cstrategic cgoals cand cguide cthe
cstrategic calternatives cthat cmanagers cof cindividual cbusinesses cor csub-units cmay cuse cin cdeciding cwhat cbusinesses cthey
cshould cbe cin
growth cstrategy c- cCORRECT cANS✔✔increase cprofits, crevenues, cmarket cshare, cor cthe cnumber cof cplace c(stores, coffices,
clocations) cin cwhich cthe ccompany cdoes cbusiness
five cindustry cforces c- cCORRECT cANS✔✔1. ccompetitive crivalry c
2. cthreat cof cnew centrants
3. cthreat cof csubstitute cproducts cor cservices
4. cbargaining cpower cof csuppliers
5. cbargaining cpower cof cbuyers
design ccompetition c- cCORRECT cANS✔✔old ctechnology cand cseveral cdifferent cnew ctechnologies ccompete cto cestablish ca cnew
ctechnological cstandard cor cdominant cdesign
organizational cstructure c- cCORRECT cANS✔✔the cvertical cand chorizontal cconfiguration cof cdepartments, cauthority cand cjobs
cwithin ca ccompany
organizational cprocess c- cCORRECT cANS✔✔the ccollection cof cactivities cthat ctransform cinputs cinto coutputs cthat ccustomers
cvalue
functional cdepartmentalization c- cCORRECT cANS✔✔organizes cwork cand cworkers cinto cseparate cunits cresponsible cfor
cbusiness cfunctions cor careas cof cexpertise
product cdepartmentalization c- cCORRECT cANS✔✔organizes cwork cand cworkers cinto cseparate cunits cresponsible cfor cproducing
cproducts cor cservices
Matrix cDepartmentalization c- cCORRECT cANS✔✔A chybrid cstructure cin cwhich ctwo cor cmore cforms cof cdepartmentalization care
cused ctogether
competitive cadvantage c- cCORRECT cANS✔✔using cresources cto cprovide cgreater cvalue cfor ccustomers cthan ccompetitors ccan
sustainable ccompetitive cadvantage c- cCORRECT cANS✔✔competitive cadvantage cthat cother ccompanies chave ctried
cunsuccessfully cto cduplicate cand chave, cfor cthe cmoment, cstopped ctrying cto cduplicate
situational canalysis c(SWOT canalysis) c- cCORRECT cANS✔✔an cassessment cof cthe cstrengths cand cweaknesses cin can
corganization's cinternal cenvironment cand cthe copportunities cand cthreats cin cits cexternal cenvironment
portfolio cstrategy c- cCORRECT cANS✔✔a ccorporate-level cstrategy cthat cminimizes crisk cby cdiversifying cinvestment camong
cvarious cbusinesses cor cproduct clines
unrelated cdiversification c- cCORRECT cANS✔✔creating cor cacquiring ccompanies cin ccompletely cunrelated cbusinesses
BCG cMatrix c- cCORRECT cANS✔✔a cportfolio cstrategy cdeveloped cby cthe cBoston cConsulting cGroup cthat ccategorizes ca
ccorporation's cbusinesses cby cgrowth crate cand crelative cmarket cshare cand chelps cmanagers cdecide chow cto cinvest ccorporate
cfunds
star c- cCORRECT cANS✔✔a ccompany cthat chas ca clarge cshare cof cfast-growing cmarket
question cmark c- cCORRECT cANS✔✔a ccompany cthat chas ca csmall cshare cof ca cfast-growing cmarket
cash ccow c- cCORRECT cANS✔✔a ccompany cthat chas ca clarge cshare cof ca cslow-growing cmarket
dog c- cCORRECT cANS✔✔a ccompany cthat chas ca csmall cshare cof ca cslow-growing cmarket
grand cstrategy c- cCORRECT cANS✔✔a cbroad ccorporate-level cstrategic cplan cused cto cachieve cstrategic cgoals cand cguide cthe
cstrategic calternatives cthat cmanagers cof cindividual cbusinesses cor csub-units cmay cuse cin cdeciding cwhat cbusinesses cthey
cshould cbe cin
growth cstrategy c- cCORRECT cANS✔✔increase cprofits, crevenues, cmarket cshare, cor cthe cnumber cof cplace c(stores, coffices,
clocations) cin cwhich cthe ccompany cdoes cbusiness
five cindustry cforces c- cCORRECT cANS✔✔1. ccompetitive crivalry c
2. cthreat cof cnew centrants
3. cthreat cof csubstitute cproducts cor cservices
4. cbargaining cpower cof csuppliers
5. cbargaining cpower cof cbuyers
design ccompetition c- cCORRECT cANS✔✔old ctechnology cand cseveral cdifferent cnew ctechnologies ccompete cto cestablish ca cnew
ctechnological cstandard cor cdominant cdesign
organizational cstructure c- cCORRECT cANS✔✔the cvertical cand chorizontal cconfiguration cof cdepartments, cauthority cand cjobs
cwithin ca ccompany
organizational cprocess c- cCORRECT cANS✔✔the ccollection cof cactivities cthat ctransform cinputs cinto coutputs cthat ccustomers
cvalue
functional cdepartmentalization c- cCORRECT cANS✔✔organizes cwork cand cworkers cinto cseparate cunits cresponsible cfor
cbusiness cfunctions cor careas cof cexpertise
product cdepartmentalization c- cCORRECT cANS✔✔organizes cwork cand cworkers cinto cseparate cunits cresponsible cfor cproducing
cproducts cor cservices
Matrix cDepartmentalization c- cCORRECT cANS✔✔A chybrid cstructure cin cwhich ctwo cor cmore cforms cof cdepartmentalization care
cused ctogether
