Strategic MGMT Exam Questions with Correct
Answers
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Terms in this set (160)
A company achieves it has some type of edge over rivals in attracting
competitive advantage buyers and coping with competitive forces
when
Among all the things how all its management team charts the company's
managers do, nothing direction, develops competitively effective strategies
effects a company's and business approaches, and pursues what needs to
ultimate success or failure be done internally tp produce good day -in day out
more fundamentally than
Two crucial elements of a its customer value proposition and its profit
companys business model proposition or "profit formula"
are
Are the actions and moves in the market place that
The heart and soul of any
managers are taking to gain a competitive advantage
strategy
over rivals
Fro a companys strategy Actions or behaviors that are deceitful, unfair, or
to qualify as "ethical" it harmful, to others or unreasonably damaging to the
cannot entail environment.
Which of the following A companys strategy is typically a blend of proactive
statements about a and reactive strategy elements
company's strategy is
true?
,Which one of the How well does the strategy fit the company's situation
following questions can
be used to distinguish a
winning strategy from a
mediocre or losing
strategy?
management's commitment to pursue a particular set
of actions in attracting and pleasing customers,
A company's strategy is
competing successfully, capitalizing on opportunities
most accurately defined
to grow the business, responding to changing market
as
conditions, conducting operations and achieving the
targeted financial and market performance
The customer value the company's approach to satisfying buyer needs
proposition portion of a and requirements at a price they will considers a good
company's business model value
concerns
The competitive market STRATEGY
moves and business
approaches a companys
management is using to
attract and please
customers, compete
successfully, capitalize on
opportunities to grow the
business, respond to
changing market
conditions, conduct
operations, and achieve
the target financial and
market performance is
what defines a company
, strategy relates broadly to a company's competitive
The difference between a
moves and business approaches (which may or may
company's strategy and a
not lead to profitability) while its business model
companys business model
relates to whether the company can execute its
is that
customer value proposition profitability
Which of the following is The ongoing need to frequently pursue entirely new
NOT the reason that a ways to cut costs and boost profitability
company's strategy
evolves over time?
Which one of the Just keeping a company's strategic actions within the
following statements bounds of what is legal does not mean the strategy is
about whether a ethical
company's strategy can
be considered ethically
true?
a blend of proactive actions to improve the
Is it normal for a company's competitiveness and financial
company's strategy to end performance and as-needed reactions to
up being unanticipated developments and fresh market
conditions.
According to figure 1.1, actions to strengthen the company's competitive
which of the following is position by hiring one or more new top executives for
NOT something to look for laying off a portion of its work force or paying down
in identifying a company's its long-term debt
strategy?
are those competitive factors that most affect industry
members' abilities to prosper in the marketplace—the
particular strategy elements, product attributes,
The key success factors in
operational approaches, resources, and competitive
an industry
capabilities that spell the difference between being a
strong competitor and a weak one, and between
profit and loss.
Answers
Save
Terms in this set (160)
A company achieves it has some type of edge over rivals in attracting
competitive advantage buyers and coping with competitive forces
when
Among all the things how all its management team charts the company's
managers do, nothing direction, develops competitively effective strategies
effects a company's and business approaches, and pursues what needs to
ultimate success or failure be done internally tp produce good day -in day out
more fundamentally than
Two crucial elements of a its customer value proposition and its profit
companys business model proposition or "profit formula"
are
Are the actions and moves in the market place that
The heart and soul of any
managers are taking to gain a competitive advantage
strategy
over rivals
Fro a companys strategy Actions or behaviors that are deceitful, unfair, or
to qualify as "ethical" it harmful, to others or unreasonably damaging to the
cannot entail environment.
Which of the following A companys strategy is typically a blend of proactive
statements about a and reactive strategy elements
company's strategy is
true?
,Which one of the How well does the strategy fit the company's situation
following questions can
be used to distinguish a
winning strategy from a
mediocre or losing
strategy?
management's commitment to pursue a particular set
of actions in attracting and pleasing customers,
A company's strategy is
competing successfully, capitalizing on opportunities
most accurately defined
to grow the business, responding to changing market
as
conditions, conducting operations and achieving the
targeted financial and market performance
The customer value the company's approach to satisfying buyer needs
proposition portion of a and requirements at a price they will considers a good
company's business model value
concerns
The competitive market STRATEGY
moves and business
approaches a companys
management is using to
attract and please
customers, compete
successfully, capitalize on
opportunities to grow the
business, respond to
changing market
conditions, conduct
operations, and achieve
the target financial and
market performance is
what defines a company
, strategy relates broadly to a company's competitive
The difference between a
moves and business approaches (which may or may
company's strategy and a
not lead to profitability) while its business model
companys business model
relates to whether the company can execute its
is that
customer value proposition profitability
Which of the following is The ongoing need to frequently pursue entirely new
NOT the reason that a ways to cut costs and boost profitability
company's strategy
evolves over time?
Which one of the Just keeping a company's strategic actions within the
following statements bounds of what is legal does not mean the strategy is
about whether a ethical
company's strategy can
be considered ethically
true?
a blend of proactive actions to improve the
Is it normal for a company's competitiveness and financial
company's strategy to end performance and as-needed reactions to
up being unanticipated developments and fresh market
conditions.
According to figure 1.1, actions to strengthen the company's competitive
which of the following is position by hiring one or more new top executives for
NOT something to look for laying off a portion of its work force or paying down
in identifying a company's its long-term debt
strategy?
are those competitive factors that most affect industry
members' abilities to prosper in the marketplace—the
particular strategy elements, product attributes,
The key success factors in
operational approaches, resources, and competitive
an industry
capabilities that spell the difference between being a
strong competitor and a weak one, and between
profit and loss.
