Exam2Review - The University of North Carolina at...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 The University of North Carolina at Greensboro Bryan School of Business and Economics Department of Business Administration MGT 491: Business Policy and Strategy Exam #2 Review Instructor: Dr. Moses Acquaah Student Name: _________________________________________________________________ 1. When a firm is not successful at pursuing both the cost leadership and differentiation strategies, this is referred to by Michael Porter as a. An integrated low cost-differentiation. b. Unfocused low cost. c. Unfocused differentiation. d. Stuck in the middle. e. A prospector. 2. Which of the following is a possible organizational growth strategy? a. Concentration b. Vertical integration c. Horizontal integration d. Diversification e. All of the answer choices are correct. 3. A cash hog business a. Is well suited to the use of retrenchment strategy. b. Should be considered a strong candidate for spin-off. c. Is one that is loosing large sums of money. d. Is one whose internal cash flows are inadequate to fully fund its need for working capital and new investment. e. Is one that requires annual capital expenditures in excess of retained earnings. 4. Which of the following factor(s) determine the intensity of competition in an industry according to the industry perspective? a. The number of sellers. b. The number of buyers. c. How different organizations are able to meet customer needs. d. The identification of strategic groups. e. Price. 5. Which of the following is the main objective in the successful pursuit of a cost leadership strategy? a. Product innovation. b. Efficiency in operations. c. Customer focus. d. Product design. e. Profitability.
Background image of page 1

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

View Full Document Right Arrow Icon
2 6. Diversifying into a completely different industry from the organization's current operations is referred to as a. Concentric diversification. b. Vertical diversification. c. Conglomerate diversification. d. Horizontal diversification. e. Related diversification. 7. One of the risks associated with a horizontal integration strategy is a. A potential violation of antitrust laws. b. Exponential growth. c. Increased market exposure. d. Increase in sales. e. None of the answer choices are correct. 8. All of the following are indicators of corporate performance decline except a. Unnecessary and cumbersome administrative procedures. b. Fear of conflict or taking risk. c. Excessive number of personnel. d. Ineffective or poor communication within various units and between various units. e. None of the answer choices are correct. 9. Organizational stability strategy is appropriate when a. The industry is facing slow or no growth opportunities. b. The industry is in a period of rapid upheaval with drastic changes making the future
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 5

Exam2Review - The University of North Carolina at...

This preview shows document pages 1 - 3. Sign up to view the full document.

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