BMGT 304 Strategic Management Mid Term ||
with Error-free Solutions.
1.GTheGfirstGstepGinGcraftingGaGstrategyGisGtheGSWOTGanalysis.
TrueGorGFalseG-GTrue.
TheGfirstGstepGinGcraftingGaGstrategy,GaGSWOTGanalysis,GcanGenableGtheGfirmGtoGpositionGit
selfGtoGtakeGadvantageGofGparticularGopportunitiesGinGtheGenvironmentGwhileGavoidingGorG
minimizingGenvironmentalGthreats.
2.GTheGvalueGchainGisGanGanalyticalGtechniqueGforGidentifyingGorganizationalGopportunities
GandGthreats.
TrueGorGFalseG-GFalse
TheGvalueGchainGisGaGusefulGtoolGforGanalyzingGaGfirm'sGstrengthsGandGweaknessesGandGu
nderstandingGhowGtheyGmightGtranslateGintoGcompetitiveGadvantageGorGdisadvantage.
3.GOpportunitiesGandGthreatsGshouldGemanateGfromGtheGanalysisGofGmacroenvironmentalG
andGindustryGforces.
TrueGorGFalseG-GTrue.
OpportunitiesGandGthreatsGareGdevelopedGfromGtheGanalysisGpreviouslyGperformedGonGthe
GmacroenvironmentGandGtheGindustry.
4.GAGfactorGcanGbeGbothGanGopportunityGandGaGstrength.
TrueGorGFalseG-GFalse.
OnlyGexternalGfactorsGcanGbeGopportunitiesGand/orGthreats,GwhereasGonlyGinternalGfactors
GcanGbeGstrengthsGand/orGweaknesses.
5.GAnotherGnameGforGanGopportunityGisGanGalternative.
TrueGorGFalseG-GFalse.
OpportunitiesGrepresentGtheGapplicationGofGmacroenvironmentalGforcesGtoGaGspecificGorga
nization,GwhereasGalternativesGemanateGfromGtheGSW/OTGmatrixGandGrepresentGspecificG
coursesGofGactionGthatGtheGorganizationGmayGchooseGtoGpursue.
,6.GChoosingGtheG"noGchange"GstrategyGandGtherebyGrecommendingGthatGtheGcurrentGstrat
egyGbeGcontinuedGisGtheGleastGriskyGoption.
TrueGorGFalseG-GFalse.
ChoosingGnotGtoGinstituteGanyGstrategicGchangesGcanGbeGmoreGriskyGthanGrecommendingG
majorGchangesGinGtheGstrategy,GdependingGonGtheGsituation.
7.GTheGtoolGthatGenablesGanGorganizationGtoGpositionGitselfGtoGtakeGadvantageGofGparticula
rGopportunitiesGinGtheGenvironmentGwhileGavoidingGorGminimizingGenvironmentalGthreatsGis
GcalledG
A.GPESTGanalysis.
B.GSWOTGanalysis.
C.GTQMGanalysis.
D.GnoneGofGtheGaboveG-GB.
TheGSWOTGanalysisGenablesGaGfirmGtoGpositionGitselfGtoGtakeGadvantageGofGparticularGopp
ortunitiesGinGtheGenvironmentGwhileGavoidingGorGminimizingGenvironmentalGthreats.
8.GTheGdescriptionGofGactivitiesGthatGcompriseGtheGeconomicGperformanceGandGcapabilitie
sGofGtheGfirmGisGknownGas
A.GtheGvalueGchain.
B.GprocessGinnovation.
C.GqualityGassessment.
D.GnoneGofGtheGaboveG-
GA.GTheGvalueGchainGdescribesGactivitiesGthatGcompriseGtheGeconomicGperformanceGandGc
apabilitiesGofGtheGfirm.
9.GToGsustainGcompetitiveGadvantage,GfirmsGmustGacquireGorGdevelopGresourcesGthatGareG
A.GdifficultGforGcompetitorsGtoGimitate.
B.Glong-lasting.
C.GdifficultGforGcompetitorsGtoGacquireGonGtheGmarket.
D.GallGofGtheGaboveG-
GD.GAGfirmGmustGutilizeGresourcesGthatGareGlongGlastingGandGnotGeasilyGacquiredGbyGrivalsGt
hroughGimitation,Gtransfer,GorGreplicationGifGtheGfirmGisGtoGsustainGcompetitiveGadvantage.
10.GPhysicalGresourcesGinclude:G
A.GproductionGfacilities.
B.GplantGlocations.
C.GproductionGcapacity.
D.GallGofGtheGaboveG-
GD.GPhysicalGresourcesGincludeGcurrencyGofGtechnology,GqualityGandGsophisticationGofGthe
GdistributionGnetwork,GproductionGcapacity,GaccessGtoGsuppliers,GandGfavorableGlocations.
, 11.GWhichGofGtheGfollowingGcouldGnotGbeGanGexampleGofGaGweakness?
A.GproductGquality.
B.GfierceGcompetition.
C.GhumanGresources.
D.GAllGofGtheGaboveGcouldGbeGweaknesses.G-
GB.GFierceGcompetitionGcomesGfromGoutsideGofGtheGorganizationGandGwouldGbeGaGthreat,Gn
otGaGweakness.
12.GWhichGtypeGofGalternativeGisGalwaysGdefensiveGinGnature?G
A.Gstrength-opportunity.
B.Gstrength-threat.
C.Gweakness-opportunity.
D.Gweakness-threat.G-GD.GWeakness-
threatGalternativesGareGalwaysGdefensiveGinGnature.GStrength-
opportunityGalternativesGareGalwaysGoffensive.GOtherGalternativesGcanGbeGeitherGoffensive
GorGdefensive.
1.GBecauseGfunctionalGstrategiesGshouldGbeGdesignedGtoGsupportGcorporateGandGbusines
sGstrategies,GtheyGshouldGnotGbeGconsideredGuntilGcorporateGandGbusinessGstrategiesGhav
eGbeenGformulated.
TrueGorGFalseG-GFalse.
AlthoughGfunctionalGstrategiesGareGformulatedGafterGtheGcorporateGandGbusinessGstrategi
esGhaveGalreadyGbeenGestablished,GoneGstillGneedsGtoGconsiderGtheGcapabilitiesGofGtheGva
riousGfunctionalGareasGwhenGconsideringGvariousGcorporateGandGbusinessGstrategicGoptio
ns.
2.GTheGmostGappropriateGmeansGofGsecuringGfundsGlikelyGdependsGonGtheGcorporateGandG
businessGstrategiesGbeingGpursued.
TrueGorGFalseG-GTrue.
SomeGformsGofGraisingGcapitalGtendGtoGbeGmoreGeffectiveGthanGothers,GdependingGonGtheG
strategy.
3.GTheGreductionGinGper-
unitGcostsGthatGoccursGasGanGorganizationGgainsGexperienceGproducingGaGproductGorGservi
ceGisGknownGasGeconomiesGofGscale.GEconomiesGofGscaleGisGoneGofGtheGcontributingGfacto
rsGtoGtheGexperienceGcurve.
TrueGorGFalseG-GFalse.
with Error-free Solutions.
1.GTheGfirstGstepGinGcraftingGaGstrategyGisGtheGSWOTGanalysis.
TrueGorGFalseG-GTrue.
TheGfirstGstepGinGcraftingGaGstrategy,GaGSWOTGanalysis,GcanGenableGtheGfirmGtoGpositionGit
selfGtoGtakeGadvantageGofGparticularGopportunitiesGinGtheGenvironmentGwhileGavoidingGorG
minimizingGenvironmentalGthreats.
2.GTheGvalueGchainGisGanGanalyticalGtechniqueGforGidentifyingGorganizationalGopportunities
GandGthreats.
TrueGorGFalseG-GFalse
TheGvalueGchainGisGaGusefulGtoolGforGanalyzingGaGfirm'sGstrengthsGandGweaknessesGandGu
nderstandingGhowGtheyGmightGtranslateGintoGcompetitiveGadvantageGorGdisadvantage.
3.GOpportunitiesGandGthreatsGshouldGemanateGfromGtheGanalysisGofGmacroenvironmentalG
andGindustryGforces.
TrueGorGFalseG-GTrue.
OpportunitiesGandGthreatsGareGdevelopedGfromGtheGanalysisGpreviouslyGperformedGonGthe
GmacroenvironmentGandGtheGindustry.
4.GAGfactorGcanGbeGbothGanGopportunityGandGaGstrength.
TrueGorGFalseG-GFalse.
OnlyGexternalGfactorsGcanGbeGopportunitiesGand/orGthreats,GwhereasGonlyGinternalGfactors
GcanGbeGstrengthsGand/orGweaknesses.
5.GAnotherGnameGforGanGopportunityGisGanGalternative.
TrueGorGFalseG-GFalse.
OpportunitiesGrepresentGtheGapplicationGofGmacroenvironmentalGforcesGtoGaGspecificGorga
nization,GwhereasGalternativesGemanateGfromGtheGSW/OTGmatrixGandGrepresentGspecificG
coursesGofGactionGthatGtheGorganizationGmayGchooseGtoGpursue.
,6.GChoosingGtheG"noGchange"GstrategyGandGtherebyGrecommendingGthatGtheGcurrentGstrat
egyGbeGcontinuedGisGtheGleastGriskyGoption.
TrueGorGFalseG-GFalse.
ChoosingGnotGtoGinstituteGanyGstrategicGchangesGcanGbeGmoreGriskyGthanGrecommendingG
majorGchangesGinGtheGstrategy,GdependingGonGtheGsituation.
7.GTheGtoolGthatGenablesGanGorganizationGtoGpositionGitselfGtoGtakeGadvantageGofGparticula
rGopportunitiesGinGtheGenvironmentGwhileGavoidingGorGminimizingGenvironmentalGthreatsGis
GcalledG
A.GPESTGanalysis.
B.GSWOTGanalysis.
C.GTQMGanalysis.
D.GnoneGofGtheGaboveG-GB.
TheGSWOTGanalysisGenablesGaGfirmGtoGpositionGitselfGtoGtakeGadvantageGofGparticularGopp
ortunitiesGinGtheGenvironmentGwhileGavoidingGorGminimizingGenvironmentalGthreats.
8.GTheGdescriptionGofGactivitiesGthatGcompriseGtheGeconomicGperformanceGandGcapabilitie
sGofGtheGfirmGisGknownGas
A.GtheGvalueGchain.
B.GprocessGinnovation.
C.GqualityGassessment.
D.GnoneGofGtheGaboveG-
GA.GTheGvalueGchainGdescribesGactivitiesGthatGcompriseGtheGeconomicGperformanceGandGc
apabilitiesGofGtheGfirm.
9.GToGsustainGcompetitiveGadvantage,GfirmsGmustGacquireGorGdevelopGresourcesGthatGareG
A.GdifficultGforGcompetitorsGtoGimitate.
B.Glong-lasting.
C.GdifficultGforGcompetitorsGtoGacquireGonGtheGmarket.
D.GallGofGtheGaboveG-
GD.GAGfirmGmustGutilizeGresourcesGthatGareGlongGlastingGandGnotGeasilyGacquiredGbyGrivalsGt
hroughGimitation,Gtransfer,GorGreplicationGifGtheGfirmGisGtoGsustainGcompetitiveGadvantage.
10.GPhysicalGresourcesGinclude:G
A.GproductionGfacilities.
B.GplantGlocations.
C.GproductionGcapacity.
D.GallGofGtheGaboveG-
GD.GPhysicalGresourcesGincludeGcurrencyGofGtechnology,GqualityGandGsophisticationGofGthe
GdistributionGnetwork,GproductionGcapacity,GaccessGtoGsuppliers,GandGfavorableGlocations.
, 11.GWhichGofGtheGfollowingGcouldGnotGbeGanGexampleGofGaGweakness?
A.GproductGquality.
B.GfierceGcompetition.
C.GhumanGresources.
D.GAllGofGtheGaboveGcouldGbeGweaknesses.G-
GB.GFierceGcompetitionGcomesGfromGoutsideGofGtheGorganizationGandGwouldGbeGaGthreat,Gn
otGaGweakness.
12.GWhichGtypeGofGalternativeGisGalwaysGdefensiveGinGnature?G
A.Gstrength-opportunity.
B.Gstrength-threat.
C.Gweakness-opportunity.
D.Gweakness-threat.G-GD.GWeakness-
threatGalternativesGareGalwaysGdefensiveGinGnature.GStrength-
opportunityGalternativesGareGalwaysGoffensive.GOtherGalternativesGcanGbeGeitherGoffensive
GorGdefensive.
1.GBecauseGfunctionalGstrategiesGshouldGbeGdesignedGtoGsupportGcorporateGandGbusines
sGstrategies,GtheyGshouldGnotGbeGconsideredGuntilGcorporateGandGbusinessGstrategiesGhav
eGbeenGformulated.
TrueGorGFalseG-GFalse.
AlthoughGfunctionalGstrategiesGareGformulatedGafterGtheGcorporateGandGbusinessGstrategi
esGhaveGalreadyGbeenGestablished,GoneGstillGneedsGtoGconsiderGtheGcapabilitiesGofGtheGva
riousGfunctionalGareasGwhenGconsideringGvariousGcorporateGandGbusinessGstrategicGoptio
ns.
2.GTheGmostGappropriateGmeansGofGsecuringGfundsGlikelyGdependsGonGtheGcorporateGandG
businessGstrategiesGbeingGpursued.
TrueGorGFalseG-GTrue.
SomeGformsGofGraisingGcapitalGtendGtoGbeGmoreGeffectiveGthanGothers,GdependingGonGtheG
strategy.
3.GTheGreductionGinGper-
unitGcostsGthatGoccursGasGanGorganizationGgainsGexperienceGproducingGaGproductGorGservi
ceGisGknownGasGeconomiesGofGscale.GEconomiesGofGscaleGisGoneGofGtheGcontributingGfacto
rsGtoGtheGexperienceGcurve.
TrueGorGFalseG-GFalse.
