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Examen
MQM385 – Strategic Management Formulation – 85 Exam Questions – Corporate Strategy, Global Expansion, Diversification
NuevoThis 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
MQM385 Formulation Exam Questions and Answers Already Passed
PopularMQM385 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...
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 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 ...