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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:
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?
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:
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
According to the BCG Growth-Share Matrix, all of the following are included in product life-cycle
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
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
The method(s) that managers employ to attain one or more of the organization's goals can be defined as
The method(s) that managers employ to attain one or more of the organization's goals can be defined as
Companies group customers in order to gain a competitive advantage. This is called
Companies group customers in order to gain a competitive advantage. This is called
When the organization develops a plan or plans to prepare for future, often unpredictable events, it is called:
When the organization develops a plan or plans to prepare for future, often unpredictable events, it is called:
The sources of a company's distinctive competencies are:
The sources of a company's distinctive competencies are:
Pro forma financial statements are used within a company for various purposes. They are not used for
Pro forma financial statements are used within a company for various purposes. They are not used for
