MHR 300 Unit 1 Quiz || Quick-Test with A+ Verified
Answers!!
In the BCG matrix, organizations that have slow growth but high market share, and income
from them often finances stars and question marks, are ________.
- sleepers
- turtles
- sleeping giants
- cash cows
- dogs correct answer CASH COWS
- In the BCG matrix, cash cows have slow growth but high market share, and income from
them often finances stars and question marks
Contingency planning is a process by which a company compares its performance with that
of high-performing organizations.
- true
- false correct answer FALSE
- Contingency planning, also known as scenario planning and scenario analysis, is the
creation of alternative hypothetical but equally likely future conditions. Benchmarking is a
process by which a company compares its performance with that of high-performing
organizations.
To develop a grand strategy, you need to gather data and make projections, using the tools of
competitive intelligence, SWOT analysis, forecasting, benchmarking, and Porter's five
competitive forces.
- true
- false correct answer TRUE
Competitive intelligence means gaining information about one's competitors' activities so that
you can anticipate their moves and react appropriately.
- true
- false correct answer TRUE
A defensive strategy is also known as a(n) ________.
- fixed plan
- aggressive approach
- growth strategy
- retrenchment strategy
- stability strategy correct answer RETRENCHMENT STRATEGY
A defensive strategy, or a retrenchment strategy, is a grand strategy that involves reduction in
the organization's efforts.
, The vision is an organization's purpose or reason for being, and a company's mission
statement is its long-term goal of what it wants to become.
- true
- false correct answer FALSE
It's the other way
According to the BCG matrix, organizations that have high growth and high market share are
stars and should be kept.
- true
- false correct answer TRUE
Don knows that one of the reasons people do not return to his electronics store is because of
the slow service. This is an example of the organization's ________.
- intelligence
- strengths
- weaknesses
- opportunities
- threats correct answer WEAKNESS
Weaknesses are internal matters. Weaknesses could be in the same categories as stated for
strengths: work processes, organization, culture, etc. Slow service is an internal matter that is
a weakness
Regarding the findings from a SWOT analysis, organizational strengths are ________
- MBO skills that should be emphasized
- means that give a specific industry an advantage in a down economy
- environmental factors that the organization may exploit for competitive advantage
- skills and capabilities that give a company advantages in executing its strategies
- external opportunities that a company can take advantage of correct answer SKILLS AND
CAPABILITIES THAT GIVE A COMPANY ADVANTAGES IN EXECUTING ITS
STRATEGIES
Often strategy implementation means overcoming resistance by people who feel the plans
threaten their influence or livelihood.
-true
-false correct answer TRUE
When an organization is able to get and stay ahead in the four areas of (1) being responsive to
customers, (2) innovating, (3) quality, and (4) effectiveness, that company can develop
________.
- an environment with few or no competitors
- company diversity
- a sustainable competitive advantage
- strong employee morale
- increased MBO correct answer A SUSTAINABLE COMPETITIVE ADVANTAGE
Answers!!
In the BCG matrix, organizations that have slow growth but high market share, and income
from them often finances stars and question marks, are ________.
- sleepers
- turtles
- sleeping giants
- cash cows
- dogs correct answer CASH COWS
- In the BCG matrix, cash cows have slow growth but high market share, and income from
them often finances stars and question marks
Contingency planning is a process by which a company compares its performance with that
of high-performing organizations.
- true
- false correct answer FALSE
- Contingency planning, also known as scenario planning and scenario analysis, is the
creation of alternative hypothetical but equally likely future conditions. Benchmarking is a
process by which a company compares its performance with that of high-performing
organizations.
To develop a grand strategy, you need to gather data and make projections, using the tools of
competitive intelligence, SWOT analysis, forecasting, benchmarking, and Porter's five
competitive forces.
- true
- false correct answer TRUE
Competitive intelligence means gaining information about one's competitors' activities so that
you can anticipate their moves and react appropriately.
- true
- false correct answer TRUE
A defensive strategy is also known as a(n) ________.
- fixed plan
- aggressive approach
- growth strategy
- retrenchment strategy
- stability strategy correct answer RETRENCHMENT STRATEGY
A defensive strategy, or a retrenchment strategy, is a grand strategy that involves reduction in
the organization's efforts.
, The vision is an organization's purpose or reason for being, and a company's mission
statement is its long-term goal of what it wants to become.
- true
- false correct answer FALSE
It's the other way
According to the BCG matrix, organizations that have high growth and high market share are
stars and should be kept.
- true
- false correct answer TRUE
Don knows that one of the reasons people do not return to his electronics store is because of
the slow service. This is an example of the organization's ________.
- intelligence
- strengths
- weaknesses
- opportunities
- threats correct answer WEAKNESS
Weaknesses are internal matters. Weaknesses could be in the same categories as stated for
strengths: work processes, organization, culture, etc. Slow service is an internal matter that is
a weakness
Regarding the findings from a SWOT analysis, organizational strengths are ________
- MBO skills that should be emphasized
- means that give a specific industry an advantage in a down economy
- environmental factors that the organization may exploit for competitive advantage
- skills and capabilities that give a company advantages in executing its strategies
- external opportunities that a company can take advantage of correct answer SKILLS AND
CAPABILITIES THAT GIVE A COMPANY ADVANTAGES IN EXECUTING ITS
STRATEGIES
Often strategy implementation means overcoming resistance by people who feel the plans
threaten their influence or livelihood.
-true
-false correct answer TRUE
When an organization is able to get and stay ahead in the four areas of (1) being responsive to
customers, (2) innovating, (3) quality, and (4) effectiveness, that company can develop
________.
- an environment with few or no competitors
- company diversity
- a sustainable competitive advantage
- strong employee morale
- increased MBO correct answer A SUSTAINABLE COMPETITIVE ADVANTAGE
