Question 1

Marsha is advocating which corporate strategy?

Accepted Answer

A)   Concentration.
B)   Vertical integration.
C)   Concentric diversification.
D)   Differentiation.
E)   Conglomerate diversification.

Question 2

Which of these scenario facts would most likely present a threat for Barefoot?

Accepted Answer

A)   More and more home owners are concerned about the environment; it is expected that this trend will continue for decades.
B)   As compared to its competitors, its management team is by far the best in the industry.
C)   It has fallen behind in turf research and development over the last few years.
D)   The company has adequate financial resources to invest in its operations.
E)   New home building has fallen off due to a difficult recession.

Question 3

Which of these scenario facts would be a strength for Barefoot Grass?

Accepted Answer

A)   Barefoot's competitors are not environmentally friendly.
B)   Home building has fallen off recently.
C)   Its turf research and development has fallen behind.
D)   New regulations have been passed for spraying certain types of fertilizer.
E)   Its management team is the best in the industry.

Question 4

Contingency plans might be called "what if" plans.

Accepted Answer

A) True 
 B)False

Question 5

Which of the scenario issues is related to tactical planning?

Accepted Answer

A)   How many new employees to hire for the cafeteria.
B)   Company expansion.
C)   Increasing the visibility of the marketing campaign.
D)   Delivery issues.
E)   All of these are related to tactical planning.

Question 6

A strategy used to add new businesses that produce unrelated products or are involved in unrelated markets and activities is called a

Accepted Answer

A)   Concentration strategy.
B)   Vertical integration strategy.
C)   Concentric diversification strategy.
D)   Conglomerate diversification strategy.
E)   Outward integration.

Question 7

Managers at Andover & Associates have just determined together that several options being considered as plans for new product introduction appear to have better projected outcomes for market share growth, one of their high-priority goals. Andover is involved in which basic planning stage?

Accepted Answer

A)   Goal and plan selection.
B)   Implementation.
C)   Monitor and control.
D)   Alternative goals and plans.
E)   Goal and plan evaluation.

Question 8

Which of the following suggestions should Mario make to the board to correct the problem that the educators are not aware of the strategic plan?

Accepted Answer

A)   The top team should develop a statement of strategy and priorities that the team is willing to stand behind.
B)   Involve the top team in all steps in the change process.
C)   Have an honest, fact-based dialogue with lower levels about the new strategy and the barriers to implementing it.
D)   Give the educators opportunities to develop their skills and support them with coaching, training, and targeted recruitment.
E)   The CEO should create a partnership between the top team and lower levels around the development of a compelling business direction, the creation of an enabling organizational context, and the delegation of authority to clearly accountable individuals and teams. C

Question 9

Environmental analysis examines which of the following?

Accepted Answer

A)   Competitors.
B)   Board of directors.
C)   Stockholders.
D)   Organizational culture.
E)   Environmental analysis examines all of these.

Question 10

A __________ strategy involves adding new businesses that produce related products or are involved in related markets and activities.

Accepted Answer

A)   concentration
B)   vertical integration
C)   concentric diversification
D)   conglomerate diversification
E)   sister integration

Question 11

Which of the following statements about goal and plan selection is most true?

Accepted Answer

A)   Goal and plan selection relies exclusively on experienced judgment.
B)   Experienced judgment always plays an important role in goal and plan selection.
C)   Benchmarking should be done during goal and plan selection.
D)   Competitors' internal plans play an important role in goal and plan selection.
E)   A good goal and plan selection can be used in every circumstance.

Question 12

Focusing on offering the most inexpensive products is one type of a differentiation strategy.

Accepted Answer

A) True 
 B)False

Question 13

To be effective, ________ should have certain qualities, which are easy to remember with the acronym SMART.

Accepted Answer

A)   goals
B)   plans
C)   mission statements
D)   vision statements
E)   strategies A

Question 14

To reduce production costs, Putnam Oil Exploration decided to buy out a refinery and several retailers to sell its oil and gasoline products to end users. This strategy is an example of __________ strategy.

Accepted Answer

A)   concentration
B)   vertical integration
C)   concentric diversification
D)   conglomerate diversification
E)   differentiation

Question 15

A vertical integration strategy involves expanding the domain of the organization into supply channels and to distributors.

Accepted Answer

A) True 
 B)False

Question 16

CF Martin & Company pursues a concentration strategy when it focuses only on making the best possible guitars and guitar strings.
C.
F. Martin & Company pursues a concentration strategy by focusing on making the best possible guitars and guitar strings, a strategy that has enabled the family-owned business to operate successfully for over 150 years.

Accepted Answer

A) True 
 B)False

Question 17

If a baby food manufacturer purchased a camping equipment company, which type of corporate strategy would it be using?

Accepted Answer

A)   Concentration.
B)   Conglomerate diversification.
C)   Vertical integration.
D)   Concentric diversification.
E)   Horizontal integration. B

Question 18

Functional strategies are implemented by top-level managers.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following suggestions should Mario make to the board to correct the problem of inadequate resources?

Accepted Answer

A)   The top team should develop a statement of strategy and priorities that the team is willing to stand behind.
B)   Involve the top team in all steps in the change process.
C)   Have an honest, fact-based dialogue with lower levels about the new strategy and the barriers to implementing it.
D)   Give the educators opportunities to develop their skills and support them with coaching, training, and targeted recruitment.
E)   A set of businesswide initiatives and new organizational roles and responsibilities should be defined.

Question 20

The Boston Consulting Group Matrix helps managers evaluate their strategy alternatives for the entire business portfolio.

Accepted Answer

A) True 
 B)False

Exam 4: Planning and Strategic Management

Marsha is advocating which corporate strategy?

Correct Answer
verified

Which of these scenario facts would most likely present a threat for Barefoot?

Correct Answer
verified

Which of these scenario facts would be a strength for Barefoot Grass?

Correct Answer
verified

Contingency plans might be called "what if" plans.

Correct Answer
verified

Which of the scenario issues is related to tactical planning?

Correct Answer
verified

A strategy used to add new businesses that produce unrelated products or are involved in unrelated markets and activities is called a

Correct Answer
verified

Managers at Andover & Associates have just determined together that several options being considered as plans for new product introduction appear to have better projected outcomes for market share growth, one of their high-priority goals. Andover is involved in which basic planning stage?

Correct Answer
verified

Which of the following suggestions should Mario make to the board to correct the problem that the educators are not aware of the strategic plan?

Correct Answer
verified
C

Environmental analysis examines which of the following?

Correct Answer
verified

A __________ strategy involves adding new businesses that produce related products or are involved in related markets and activities.

Correct Answer
verified

Which of the following statements about goal and plan selection is most true?

Correct Answer
verified

Focusing on offering the most inexpensive products is one type of a differentiation strategy.

Correct Answer
verified

To be effective, ________ should have certain qualities, which are easy to remember with the acronym SMART.

Correct Answer
verified
A

To reduce production costs, Putnam Oil Exploration decided to buy out a refinery and several retailers to sell its oil and gasoline products to end users. This strategy is an example of __________ strategy.

Correct Answer
verified

A vertical integration strategy involves expanding the domain of the organization into supply channels and to distributors.

Correct Answer
verified

Correct Answer
verified

If a baby food manufacturer purchased a camping equipment company, which type of corporate strategy would it be using?

Correct Answer
verified
B

Functional strategies are implemented by top-level managers.

Correct Answer
verified

Which of the following suggestions should Mario make to the board to correct the problem of inadequate resources?

Correct Answer
verified

The Boston Consulting Group Matrix helps managers evaluate their strategy alternatives for the entire business portfolio.

Correct Answer
verified

Exam 4: Planning and Strategic Management

Marsha is advocating which corporate strategy?

Correct AnswerverifiedShow Answer

Which of these scenario facts would most likely present a threat for Barefoot?

Correct AnswerverifiedShow Answer

Which of these scenario facts would be a strength for Barefoot Grass?

Correct AnswerverifiedShow Answer

Contingency plans might be called "what if" plans.

Correct AnswerverifiedShow Answer

Which of the scenario issues is related to tactical planning?

Correct AnswerverifiedShow Answer

A strategy used to add new businesses that produce unrelated products or are involved in unrelated markets and activities is called a

Correct AnswerverifiedShow Answer

Managers at Andover & Associates have just determined together that several options being considered as plans for new product introduction appear to have better projected outcomes for market share growth, one of their high-priority goals. Andover is involved in which basic planning stage?

Correct AnswerverifiedShow Answer

Which of the following suggestions should Mario make to the board to correct the problem that the educators are not aware of the strategic plan?

Correct AnswerverifiedC

Environmental analysis examines which of the following?

Correct AnswerverifiedShow Answer

A __________ strategy involves adding new businesses that produce related products or are involved in related markets and activities.

Correct AnswerverifiedShow Answer

Which of the following statements about goal and plan selection is most true?

Correct AnswerverifiedShow Answer

Focusing on offering the most inexpensive products is one type of a differentiation strategy.

Correct AnswerverifiedShow Answer

To be effective, ________ should have certain qualities, which are easy to remember with the acronym SMART.

Correct AnswerverifiedA

To reduce production costs, Putnam Oil Exploration decided to buy out a refinery and several retailers to sell its oil and gasoline products to end users. This strategy is an example of __________ strategy.

Correct AnswerverifiedShow Answer

A vertical integration strategy involves expanding the domain of the organization into supply channels and to distributors.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

If a baby food manufacturer purchased a camping equipment company, which type of corporate strategy would it be using?

Correct AnswerverifiedB

Functional strategies are implemented by top-level managers.

Correct AnswerverifiedShow Answer

Which of the following suggestions should Mario make to the board to correct the problem of inadequate resources?

Correct AnswerverifiedShow Answer

The Boston Consulting Group Matrix helps managers evaluate their strategy alternatives for the entire business portfolio.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
C

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
B

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified