Business Strategy MCQs

?

Partial ownership by a foreign company in a domestic firm describes which international mode of entry?






?

Which of the following is a risk (or potential pitfall) of cost leadership?






?

Which of the following is a risk (or potential pitfall) of a differentiation strategy?






?

Primary value chain activities that involve the effective layout of receiving dock operations (inbound logistics) and support value chain activities t...






?

High product differentiation is generally accompanied by






?

Generally, the products of a company pursuing an overall cost leadership strategy will likely






?

The major avenues for achieving a cost advantage over rivals include






?

Which statement regarding competitive advantages is true?






?

The primary aim of strategic management at the business level is






?

Which of the following is false regarding how a differentiation strategy can help a firm to improve its competitive position vis-à-vis Porter's ...






?

A differentiation strategy enables a business to address the five competitive forces by






?

The increased efficiency resulting from the combination of two firms within a single corporate organization is _____.






?

Corporate-level strategy addresses two related issues:






?

__________ reflect(s) the collective learning in organizations such as how to coordinate production skills, integrate multiple streams of technologies...






?

Economies of scope are cost reductions






?

Two broad bases of synergy associated with creating value through related diversification are






?

A firm whose corporate-level synergies are based on the ability to transfer knowledge developed in one business to another line of business is creatin...






?

Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input i...






?

For a core competence to be a viable basis for the corporation strengthening a new business unit, there are three requirements. Which one of the follo...






?

When a firm expands by acquiring one of its suppliers, it is engaging in






?

The efficiencies or cost savings that firms may realize from multiple operations in related industries, or businesses, are called






?

An example of __________ occurs when a firm changes its corporate portfolio by acquiring firms and reconfiguring their assets.






?

According to the text, corporate restructuring includes






?

An example of __________ occurs when a firm's corporate office helps subsidiaries make wise choices in their own acquisitions, divestures, and ne...






?

Whereas synergies realized from related diversification come from _____ relationships, synergies realized from unrelated diversification come from ___...






?

_____ is/are most closely associated with creating synergies through unrelated diversification






?

Vertical integration is attractive when






?

A firm should consider vertical integration when






?

Transaction costs include all of the following costs except






?

It may be advantageous to vertically integrate when






?

The risks of vertical integration include all of the following except






?

Recent trends that might lead managers of multinational corporations (MNCs) to adopt a more decentralized strategy for their operations would include ...






?

Gillette's worldwide success with its Sensor razor demonstrates






?

Pressures to "reduce costs" require that






?

In order to realize the strongest competitive advantage, firms engaged in worldwide competition must






?

The sales of Boeing's commercial aircraft and Microsoft's operating systems in many countries enable these companies to benefit from






?

A foreign company contracting with a firm residing and operating in the host country (foreign market) to produce and/or distribute its goods describes...






?

__________ are most appropriate where a firm already has the appropriate knowledge and capabilities that it can leverage rather easily through multipl...






?

Fees that a multinational receives from a foreign licensee in return for its use of intellectual property (trademark, patent, trade secret, technology...






?

Elements of a multidomestic strategy may facilitate the competitive advantage of cost leadership by






?

Appreciation of the U.S dollar will have the following impact on McDonald's:






?

Industries in which proportionally more value is added in __________ activities are more likely to benefit from a __________ strategy.






?

Which of the following types of international firms are most likely to benefit from a global strategy as opposed to a multidomestic strategy?






?

Pressures to "reduce costs" require that






?

Which of the following is a disadvantage of a transnational strategy?






?

Many U.S. multinational companies set up maquiladora operations south of the US-Mexico border primarily






?

A foreign company contracting with a firm residing and operating in the host country (foreign market) to produce and/or distribute its goods describes...






?

Fees that a multinational receives from a foreign licensee in return for its use of intellectual property (trademark, patent, trade secret, technology...






?

Elements of a multidomestic strategy may facilitate the competitive advantage of cost leadership by






?

Appreciation of the U.S dollar will have the following impact on McDonald's:






?

In the strategy formulation phase of the strategic management process, what are the different levels of strategy?






?

Business-level strategies detail commitments and actions taken to provide value to customers and gain competitive advantage by exploiting core compete...






?

An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota, because his spouse's company transferred her to St. Paul. T...






?

A firm successfully implementing a differentiation strategy would expect






?

Blind taste-tests have shown that the taste of premium-priced vodkas and inexpensive vodkas are indistinguishable even to regular drinkers of vodka. B...






?

All of the following are considered generic business-level strategies EXCEPT






?

As the television industry has changed in the last few decades from just three major networks to a multiplicity of networks, one of the major aspects ...






?

The term "conglomerates" refers to firms using the ____ diversification strategy.






?

Corporate Level Strategy Involves






?

Hutchison Whampoa Limited (HWL) has businesses in ports and related services, telecommunications, property and hotels, retail and manufacturing, and e...






?

An office management firm has developed a system for efficiently organizing small medical and dental practices both through proprietary software and t...






?

Backward integration occurs when a company






?

All of the following are international corporate-level strategies EXCEPT the ____ strategy.






?

A global corporate-level strategy emphasizes






?

A global corporate-level strategy assumes






?

Which of the following is NOT a disadvantage associated with exporting?






?

The means of entry into international markets that offers the greatest control is