STR/581 STR 581 Week Four Quiz (17/17) - A+ Work
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1. Which of the following represents an operating opportunity to build value or sharing? Shared inbound or outbound shipping and materials handling Shared after-sales service Shared brand name Shared management know-how 2. Firms that enjoy higher profit margins are using which of Michael Porter’s generic strategies? Cost leadership Concentrated growth Focus Differentiation 3. If a textile producer acquires a shirt manufacturer, this is called backward horizontal acquisition vertical horizontal acquisition
backward vertical acquisition forward vertical acquisition 4. The core competency must represent a major source of value to be a basis for competitive advantage. Furthermore, the core competency must be negotiable must be financial must be diversified must be transferable 5. Which of the following companies is a good example of a low-cost leader? Wal-Mart Brooks Brothers Porsche Chivas Regal 6. The grand strategy in which the firm directs its resources to the profitable growth of a single product, in a single market and with a single technology is termed concentrated growth product development market development vertical integration 7. Which matrix involves a framework that can help ensure that businesses’ strategies are consistent with strategies appropriate to their strategic environment? Growth-share matrix Strategic choice matrix Strategic environments matrix Industry attractiveness–business strength matrix 8. For the ABC Company, the Alpha business is in a dominant market share position in a mature market. As per the BCG matrix, Alpha is a star
dog question mark cash cow 9. What is it called when current products are marketed, often with only cosmetic changes, to customers in related market areas? Concentrated growth Market development Product development Diversification 10. Which matrix makes fine distinctions among business portfolio positions with the inclusion of high/medium/low axes? Industry attractiveness–business strength matrix Industry strength matrix Growth-share matrix Strategic environments matrix 11. Which of the following is a value discipline? Operational excellence Innovation Cost leadership Concentrated growth 12. Which of the grand strategies is typically lowest in risk? Divestiture Market development Horizontal integration Concentrated growth 13. Which of the following is a generic strategy developed by Michael Porter? Market development Differentiation Liquidation Innovation
14. The acquisition of one or more businesses operating at the same stage of the production-marketing chain is an example of market development product development horizontal acquisition innovation 15. Firms that follow this type of generic strategy can sometimes have difficulties succeeding without compromising the key attributes of a company’s products or services. Cost leadership Focus Differentiation Concentrated growth 16. Companies that pursue this value discipline strive to produce a continuous stream of state-of-the-art products and services. Innovation Operational excellence Product leadership Customer intimacy 17. The most compelling reason companies should diversify can be found in situations when core competencies can be leveraged with other products or into other markets management is similar in various businesses core competencies are not similar cash resources can be leveraged