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Strategic Management Study Set 1

Criminal Justice

Quiz 5 :

Strategies in Action

Quiz 5 :

Strategies in Action

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Long-term objectives are needed at the corporate, divisional, functional, and operational levels of an organization.
Free
True False
Answer:

Answer:

True

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Gaining ownership or increased control over distributors or retailers is called forward integration strategy.
Free
True False
Answer:

Answer:

True

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Because a combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously.
Free
True False
Answer:

Answer:

False

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Which strategy is effective when new, but related, products could be offered at highly competitive prices?
Multiple Choice
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Forward integration and backward integration are sometimes collectively referred to as
Multiple Choice
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Long-term objectives are needed at which level(s) in an organization?
Multiple Choice
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Which level of strategy is most likely NOT present in small firms?
Multiple Choice
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Divestiture is selling all of a company's assets, in parts, for their tangible worth.
True False
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Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?
Multiple Choice
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Objectives provide direction and allow for organizational synergy.
True False
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A chief executive officer is located in the divisional level of a large firm.
True False
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Long-term objectives represent the results expected from pursuing certain strategies.
True False
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Strategic objectives include larger market share, quicker on-time delivery than rivals, shorter design-to-market times than rivals, lower costs than rivals, and wider geographic coverage than rivals.
True False
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Financial objectives involve all of the following EXCEPT
Multiple Choice
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What principle is built on the idea that there is no general plan for which way to go and what to do?
Multiple Choice
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Horizontal integration is seeking ownership or increased control over competitors.
True False
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Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.
True False
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What principle is based on the belief that the true measure of a really good strategist is the ability to solve problems?
Multiple Choice
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Panera installing online ordering and delivery from their restaurants is an example of which type of strategy?
Multiple Choice
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"If it ain't broke, don't fix it" refers to managing by crisis.
True False
Answer:
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