Model answer quiz 4(b) - Strategic Management Quiz 4 (b)...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Strategic Management Quiz 4 (b) 0.25 negative mark for each wrong answer True/False 1. A core competency is a skill that a corporation can do exceedingly well. (p.165) Answer: T 2. Insourcing is purchasing from someone else a product or service that has been previously provided internally. (p.166) Answer: F 3. Outsourcing might lead to companies being locked into long-term contracts with outside suppliers that are no longer competitive. (p.167) Answer: T 4. A product strategy deals with pricing, selling, and distributing a product. (p.168) Answer: F 5. A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action. (p.169) Answer: T 6. An operations strategy determines how and where a product or service is to be manufactured, and the level of vertical integration in the product process. (p.171) Answer: T 7. The continuous improvement system was developed in China. (p.172) Answer: F 8. The importance of sole sourcing was supported by Michael Porter. (p.174)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/21/2011 for the course BUS 10001 taught by Professor All during the Spring '11 term at Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology.

Page1 / 2

Model answer quiz 4(b) - Strategic Management Quiz 4 (b)...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online