BASIC CONSIDERATION IN MAS
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Questions and Answers

It could be argued that the reason a company has succeeded in a very competitive market while its rivals have failed is because:

  • The strategies that the successful company pursues have a strong impact on its performance relative to its rivals. (correct)
  • The successful company has adopted more steps to its formal strategic planning process.
  • The company has evolved into a multi-divisional organization.
  • The company has adopted a strategy with a low propensity for risk-taking.

    • Which of the following is not a significant reason for planning in an organization?

  • Forcing managers to consider expected future trends and conditions. (correct)
  • Developing a basis for controlling operations.
  • Enabling selection of personnel for open positions.
  • Promoting coordination among operation units.

    • One of the key sources of competitive advantage is:

  • Slow adoption of more efficient business practices.
  • Responsiveness to customer needs. (correct)
  • Maintaining average quality.
  • aking advantage of, and being a follower in, competitors' product innovation.

    • According to the BCG Growth-Share Matrix, all of the following are included in product life-cycle

    <p>Superior responsiveness to customers. (C)</p> Signup and view all the answers

    Strategic managers use different business-level strategies to put the company's business model into action. Business- level strategies include all of the following except

    <p>How to improve the product attributes, the service attributes and personnel attributes associated with the company's product (A)</p> Signup and view all the answers

    The method(s) that managers employ to attain one or more of the organization's goals can be defined as

    <p>Strategy (B)</p> Signup and view all the answers

    Companies group customers in order to gain a competitive advantage. This is called

    <p>Market segmentation (A)</p> Signup and view all the answers

    When the organization develops a plan or plans to prepare for future, often unpredictable events, it is called:

    <p>Contingency planning. (A)</p> Signup and view all the answers

    The sources of a company's distinctive competencies are:

    <p>The company's resources and capabilities. (A)</p> Signup and view all the answers

    Pro forma financial statements are used within a company for various purposes. They are not used for

    <p>comparison with actual results for performance reporting in order to determine employee bonuses. (B)</p> Signup and view all the answers

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