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Homework answers / question archive / MGT-3013 Chapter 8 1)Creating a new product line to increase customer sales is an example of which level of strategy? Creating a new product line to increase customer sales is an example of which level of strategy? Which is not one of the four elements of competitive advantage? Which is not a part of the overall strategic process?  When all employees are involved in formulating organizational strategies, we call this __________ A SWOT analysis does not examine an organization's: Which would be considered an organizational threat? Which refers to expanding into businesses that provide the supplies needed to make product or distribute and sell the company's products? According to the Boston Consulting Group (BCG) matrix concept, an organization with a small share of a slow growth market that provides little profit for the company is referred to as what? A company who concentrates on selling to Black men who make less than $35,000 a year is most likely using which of Michael Potter's strategies? Functional-level strategies are the action plans used by major departments to support the execution of business-level strategies

MGT-3013 Chapter 8 1)Creating a new product line to increase customer sales is an example of which level of strategy? Creating a new product line to increase customer sales is an example of which level of strategy? Which is not one of the four elements of competitive advantage? Which is not a part of the overall strategic process?  When all employees are involved in formulating organizational strategies, we call this __________ A SWOT analysis does not examine an organization's: Which would be considered an organizational threat? Which refers to expanding into businesses that provide the supplies needed to make product or distribute and sell the company's products? According to the Boston Consulting Group (BCG) matrix concept, an organization with a small share of a slow growth market that provides little profit for the company is referred to as what? A company who concentrates on selling to Black men who make less than $35,000 a year is most likely using which of Michael Potter's strategies? Functional-level strategies are the action plans used by major departments to support the execution of business-level strategies

Management

MGT-3013

Chapter 8

1)Creating a new product line to increase customer sales is an example of which level of strategy? Creating a new product line to increase customer sales is an example of which level of strategy?

  1. Which is not one of the four elements of competitive advantage?
  2. Which is not a part of the overall strategic process?
  3.  When all employees are involved in formulating organizational strategies, we call this __________
  4. A SWOT analysis does not examine an organization's:
  5. Which would be considered an organizational threat?
  6. Which refers to expanding into businesses that provide the supplies needed to make product or distribute and sell the company's products?
  7. According to the Boston Consulting Group (BCG) matrix concept, an organization with a small share of a slow growth market that provides little profit for the company is referred to as what?
  8. A company who concentrates on selling to Black men who make less than $35,000 a year is most likely using which of Michael Potter's strategies?
  9. Functional-level strategies are the action plans used by major departments to support the execution of business-level strategies.
  10. A globalization strategy:
  11. A fortune cookie company in China who revises the cookie packaging and paper fortune to include Spanish logos and language is most likely using which type of strategy?
  12. Visibility means there is a deep understanding and understanding and acceptance of organizational direction and purpose throughout the organization.
  13.  The founders of Google write direct open letters to shareholders each year are using which tool for solving poor strategy execution?

 

  1. This is the thing an organization does best—something that draws customers to the company, is difficult to imitate, and opens up potential markets.

 

  1. Part of the planning process, this term refers to the long-term approach an organization will take to achieve its goals and secure its place within a competitive environment.

 

  1. Developed by individual departments, these strategies can include marketing strategies, human resource strategies, and supply-chain strategies.

 

 

  1. This occurs when an organization has something special that makes it better than other companies in its industry.
  2. This is the part of strategic management in which an organization performs a SWOT analysis and develops plans for the future.

 

20 Answering the question “What business are we in?”, strategy at this level deals with big-picture issues such as whether or not to acquire another company.

 

21 These are large sections of an organization that are differentiated on the basis of products, clients, or competitors.

 

22 This is a technique for determining how much to invest in a business unit or line based on business growth rate and market share.

 

23 In this form of diversification, a company acquires a business similar to the ones it already operates. An example would be Chase National Bank acquiring Interstate Trust Company.

 

24 This strategy is chosen by organizations that try to sell their products at low prices to attract customers.

 

25 This term refers to a company’s decisions about the business arenas in which it will operate and invest.

 

26 In this form of diversification, a company acquires either a supplier or a client. An example would be Lansing Grain acquiring grain-handling facilities from General Mills.

 

27 In this form of diversification, a company acquires a business that is entirely different from the ones it already operates. An example would be Altria (a cigarette manufacturer) acquiring Ste. Michelle, a winery.

28 This strategy is chosen by organizations that compete based on the unique characteristics of their products.

 

29 This strategy is used by organizations that target a very specific market or clientele.

 

30 This strategy is used by an organization that sells the same or very similar products throughout the world.

 

31. An organization that uses this strategy standardizes products where possible, but also adjusts them as necessary to match local tastes.

 

 

 

32 When conducting a SWOT analysis, information about turnover, profit margins, and staff quality can be used to identify / When conducting a SWOT analysis, budgets, ratios, and sales reports can be used to identify:

 

 

 

 

 

 

  • 33 Which of the following factors should be classified as a threat for the team?   
  • 34 Which of the following factors should be classified as a weakness for the team?  
  • 35 Considering all of the factors listed in the preceding SWOT analysis question, what strategy would make the most sense for the Giants in the upcoming season?  
  • 36 Which of the following factors should be classified as a strength for the team?

 

37 Which of the following divisions would you invest in cautiously?

38 Which of the following divisions would you sell immediately?

39 Which of the following divisions would you take profits from and continue to run?

 

40 SpaceX builds a space elevator to carry goods into space without the use of rockets. In-n-Out Burger acquires an independently owned chicken fast food chain. Verizon develops and deploys low-altitude telecommunications systems. This is an example of

 

41 When a company purchases another business that does something different from what the purchasing company does, the purchasing company is using a strategy of

 

42 When a company purchases another business that does something similar to what the purchasing company does, the purchasing company is using a strategy of

 

43 When a company purchases a supplier or a customer, the purchasing company is using a strategy of

 

 

 

44 Pretend that you own a small coffee shop. You have decided that this year is a good time to grow your business, and you have chosen to do so by acquiring a laundromat next door to you. This is an example of

 

45 Pretend that you own a small coffee shop. You have decided that this year is a good time to grow your business, and you have chosen to do so by acquiring another coffee shop one town over. This is an example of

 

 

 

 

46 Diversification is useful because:

 

TYPE 1

 

  1. Businesses that do not adopt a differentiation, low-cost leadership, or focus strategy tend to be more successful than businesses that do adopt these strategies.

 

  1. Employee abilities to create innovative products are critical for companies that adopt a low-cost leadership strategy.

 

  1. Companies that use a focus strategy have narrow buyer groups.

 

  1. A company that creates a distinctive product is likely to use a differentiation strategy.

 

  1. Differentiation strategies increase competition because they reduce customer loyalty.

 

  1. A company that actively tries to become more efficient is likely to be pursuing a cost leadership strategy.

 

Post quiz

  1. The plan that describes resource allocation and the activities that an organization plans to do to obtain a competitive advantage and to achieve its goals is called:
  2. Two siblings, both CEOs, are discussing how they implement the concept of strategic thinking. The man in the for-profit world challenged his sister, who runs a non-profit community services agency, to compare his methods with hers. . What comparison about strategic planning would be accurate?
  3. The idea that "the whole is greater than the sum of its parts" is the fundamental premise in the concept of:
  4. A CEO used to schedule a retreat at a resort for top executives to review the company's strategic plan. He now wants a radical change. "We going to crowdsource our strategic plan!" he announced to the applause of employees at a all-hands meeting. He then introduced the Vice President of Information Technology who describes setting up an online platform open to all 3,000 employees to review and comment on the strategic plan. What does the CEO hope to accomplish with this change?
  5. In a SWOT analysis, the positive internal characteristics of an organization that allow it to accomplish its goals are called:
  6. Discussing the company's SWOT analysis is on the agenda of the board of directors. Which action could the members take to acquire accurate information about internal strengths and weakness of the organization?
  7. What type of strategy refers to an organization that decides to enter new markets with products that it has not sold previously?
  8. A job applicant has extensive background in creating successful advertising campaigns. Asking about the size of the advertising budget that she would be in charge of, she is pleased when told that the company is slated to make a good sized investment. Which product category in the Boston Consulting Group (BCG) matrix should she expect to be working on?
  9. What type of competitive strategy is an organization using when it tries to become more efficient and can reduce its costs below that of its major competitors?
  10. The owners of the Two Brothers Auto Detailing company are discussing ways to make the business more profitable. Nathan, the eldest, said, "I think we should target owners of luxury cars. We can partner with the Lexus dealership down the street." His brother Michael disagreed. "I think we should work with corporate accounts for detailing executive leased cars. That way, we get repeat business." Which competitive strategy have they eliminated?
  11. Companies face different types of industry competition depending on the country they located in. What type of strategy should an organization use so that it can successfully meet the challenges it will face in any given country?
  12. The pizza company expanded its operations into a country outside the United States. It found that many of its customers refrained from ordering meat on their pizzas because of religious beliefs. Which type of strategy is the pizza company management likely to choose to honor this preference?
  13. All of the following are tools a manager might use to implement strategy except:
  14. The new regional manager is charged with implementing a significant change in strategy. After conducting her research, she has learned about the biggest barrier to strategy execution. What action shows that she is prepared to tackle that barrier with confidence?

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