Podcast
Questions and Answers
Backward Integration is a type of diversification strategy.
Backward Integration is a type of diversification strategy.
False (B)
Porter's Five Generic Strategies includes Type 1 and 2 Cost Leadership Conditions.
Porter's Five Generic Strategies includes Type 1 and 2 Cost Leadership Conditions.
True (A)
Focus Strategy targets small and unprofitable niche markets.
Focus Strategy targets small and unprofitable niche markets.
False (B)
Cooperation among competitors is a means of achieving strategies through competition.
Cooperation among competitors is a means of achieving strategies through competition.
Quantitative objectives represent results expected from pursuing strategies.
Quantitative objectives represent results expected from pursuing strategies.
Strategic management principles are only applied in business organizations.
Strategic management principles are only applied in business organizations.
Managing by Extrapolation aims to fix problems immediately.
Managing by Extrapolation aims to fix problems immediately.
The Balanced Scorecard was developed by Robert Kaplan and David Norton for strategy implementation.
The Balanced Scorecard was developed by Robert Kaplan and David Norton for strategy implementation.
Small companies typically have strategic planning at corporate, business, and functional levels.
Small companies typically have strategic planning at corporate, business, and functional levels.
Financial objectives focus on higher product quality.
Financial objectives focus on higher product quality.
