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Exam 6: Organizational Strategy

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Question 51

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FreeSpirit is a global consumer products company. It manufactures a number of new products ranging from personal care to food and beverages. Its products are sold all across the world, and it continuously keeps searching for new markets to sell its products. It has also doubled its investment to market its products, and it invests heavily in social media and other advertisement mediums. In the context of adaptive strategies, FreeSpirit is most likely to be categorized as a(n) _____.

A) reactor
B) analyzer
C) cost leader
D) prospector

E) B) and C)
F) A) and D)

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Question 52

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Spade and Marcher Corp. manufactures and sells toy guns. These toy guns are a perfect imitation of real weapons. Inspired by Spade and Marcher's success, Hudy & Sons, an arms manufacturer in Korowlla, starts to manufacture toy guns too. Which of the following adaptive strategies is used by Hudy & Sons?

A) Defenders
B) Prospectors
C) Analyzers
D) Reactors

E) C) and D)
F) A) and D)

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Question 53

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Which of the following is the first step of a strategy-making process?

Which of the following best defines strategic dissonance?

Which of the following statements is true of direct competition?

In the context of portfolio strategy, _____ is the purchase of a company by another company.

Which of the following best defines a SWOT analysis?

JoeChoe and SanPants are two popular clothing companies. Whenever JoeChoe launches a new range of clothing, SanPants also launches something similar, and vice versa. This ensures that neither company gets a massive lead over the other in terms of market share. Which of the following strategies is being used by JoeChoe and SanPants in this scenario?

Which of the following statements is true of analyzers?

Brickwall Builders is a real estate builder and developer. It specializes in building premium villas, office spaces, warehouses, and retail stores. Buildings of Brickwall Builders are economical, have a high resale value, and are available at very low down payment when compared to its competitors' buildings. This scenario illustrates the concept of _____.

FasterRides Inc. has introduced a new bike in the market. Majority of its profits come from the sale of bikes. The company is recognized worldwide for its ability to design and produce bikes with superior handling, smooth transmission, powerful brakes, and other premium features that its competitors are lacking. This ability to produce superior quality bikes is the company's _____.

Which of the following is the last step of a strategy-making process?

Klivinich is a manufacturer of oral hygiene products. In addition to manufacturing and selling oral hygiene products, Klivinich also focuses on educating its customers on oral hygiene and dental problems. All its employees are trained to answer questions and help customers with oral hygiene and dental problems. This has helped Klivinich _____.

Operop Inc., a technology company in Brookeep, manufactures digital cameras. Its cameras have the highest pixel density, multiple zoom options, and a variety of picture effects that none of its competitors can match up to. This ability of producing superior quality cameras is the company's _____.

TinkTV, PopoNet, and Kreti Broadcast are merging together to form a large television network called Tale Broadcast. This was done in an attempt to increase profitability by combining the customers and services owned by the three companies. Which of the following grand strategies does the given scenario best exemplify?

__________are used by managers to measure whether their firm has developed the core competencies that it needs to achieve a sustainable competitive advantage.

Keplem has a business unit in the insurance sector. The insurance sector is a slow-growing industry, and Keplem does not have a large market share in the industry. In the context of the BCG matrix, which of the following categories of SBUs best describes Keplem's business unit?

Growth, stability, and retrenchment are all types of portfolio strategiesthat companies use to decide which businesses they should be in.

_____ is a measure of the intensity of competitive behavior among companies in an industry.

Jen&Durand has three strategic business units (SBUs) -entertainment and recreation, food and beverage, and apparel and accessories. Its apparel & accessories unit is extremely successful and has been in the market for many years, and it has acquired a large market share in its time. The market growth of the apparel & accessories sector has saturated, and new companies are reluctant to enter it. In the context of the BCG matrix, which of the following categories of SBUs best describes the computers unit?