MGMT 478 Exam 2 John May Study Guide
Dominate Business Diversification Strategy is classified at what level of
diversification? - ANSWER Low Level of Diversification
A collaborative advantage is created by - ANSWER strategic alliance
When a firm is able to sell its products above the existing competitive level
and/or reduce the costs of primary and support activities below the existing
levels - ANSWER market power
Forward integration exists when a company - ANSWER owns its own source of
distribution
Cost savings a firm creates by successfully sharing of transferring one of more
of its corporate level core competencies - ANSWER economies of scope
Financial economies are cost savings realized through - ANSWER improved
allocations of financial resources inside and/or outside the firm
Basic factors, specialized factors, generalized factors, and advanced factors
are the four factors of - ANSWER production
The international strategy that seeks national responsiveness through product
design and/or marketing - ANSWER multidomestic
Down scoping is - ANSWER the divestiture, spin off, or some other means of
eliminating businesses that are unrelated to the company's core business
There are two types of organizational control: strategic controls and - ANSWER
financial
The process where a potential acquirer evaluates the target firm - ANSWER due
dilligance
Which of the following statements is true?
Structure and strategy have an equal influence on an organization.
Strategy has a greater influence on the organization and structure.
Structure has a greater influence on an organization than strategy.
Neither strategy nor structure has much of an influence on an organization -
ANSWER Strategy has a greater influence on the organization than structure.
Dominate Business Diversification Strategy is classified at what level of
diversification? - ANSWER Low Level of Diversification
A collaborative advantage is created by - ANSWER strategic alliance
When a firm is able to sell its products above the existing competitive level
and/or reduce the costs of primary and support activities below the existing
levels - ANSWER market power
Forward integration exists when a company - ANSWER owns its own source of
distribution
Cost savings a firm creates by successfully sharing of transferring one of more
of its corporate level core competencies - ANSWER economies of scope
Financial economies are cost savings realized through - ANSWER improved
allocations of financial resources inside and/or outside the firm
Basic factors, specialized factors, generalized factors, and advanced factors
are the four factors of - ANSWER production
The international strategy that seeks national responsiveness through product
design and/or marketing - ANSWER multidomestic
Down scoping is - ANSWER the divestiture, spin off, or some other means of
eliminating businesses that are unrelated to the company's core business
There are two types of organizational control: strategic controls and - ANSWER
financial
The process where a potential acquirer evaluates the target firm - ANSWER due
dilligance
Which of the following statements is true?
Structure and strategy have an equal influence on an organization.
Strategy has a greater influence on the organization and structure.
Structure has a greater influence on an organization than strategy.
Neither strategy nor structure has much of an influence on an organization -
ANSWER Strategy has a greater influence on the organization than structure.
