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Examen
Mqm385- Formulation Exam Updated Questions And Correct Answers
MQM385- Formulation Exam UPDATED 
QUESTIONS AND CORRECT ANSWERS 
(T/F) Applying the five forces model to business-level strategy allows for managers to asses 
the benefits and risks of both cost-leadership and differentiation strategies - CORRECT 
ANSWER 
True 
(T/F) Differentiation and cost-leadership strategies are only effective in manufacturing 
industries - CORRECT ANSWER 
False 
(T/F) A cost-leader is the firm most likely to survive a price war - CORRECT 
ANSWER 
True ...
Examen
MQM385 – Strategic Management Formulation – 85 Exam Questions – Corporate Strategy, Global Expansion, Diversification
PopularThis document features 85 fully answered exam questions from MQM385: Strategic Management Formulation, a core course at Illinois State University for the 2025/2026 academic year. It offers an in-depth review of key strategic concepts across business-level and corporate-level strategy, international market entry, and organizational restructuring. 
 
The content covers: 
 
Corporate Strategy & Diversification: Single, dominant, and related diversification strategies; BCG Matrix; vertical and horiz...
Examen
Mqm 385 Sample Exam 1 Updated Questions And Correct Answers
MQM 385 Sample Exam 1 UPDATED 
QUESTIONS AND CORRECT ANSWERS 
A sustainable strategy is one that produces a competitive advantage that can be maintained 
over time. - CORRECT ANSWER 
False 
Under the strategy as a planned emergence model, even entry-level employees can help 
generate strategic initiatives. - CORRECT ANSWER 
True 
According to the resource-based view, a firm that differentiates itself from its competitors 
through its personalized approach to customer service is li...
Examen
MQM385 Formulation Exam Questions and Answers Already Passed
MQM385 Formulation Exam Questions and Answers Already Passed 
Usually a firm is a single-line of business when revenue generated by dominant business is... - Answers Greater than 95% 
TQM - Answers Total Quality Management 
JIT - Answers Just in time 
SA - Answers Strategic Alliance 
LBO - Answers Leverage Buyout 
What is different about economies of scale and location economies? - Answers Economies of scale benefit from mass producing and spreading costs, location economies benefits from optim...