1. ________ exemplifies the complexity of relationships among the functional areas of business.

2. Offer an inconsistent assortment of brand-name merchandise at low prices.

3. Corporate-level strategy is concerned with ____ and how to manage these businesses.

4. Testing a prototype of a new product is an example of a ________.

5. The normative decision theory ____.

6. Proponents of the emh think technical analysts __________.

7. One year from now bond c should sell for ________ (to the nearest dollar).

8. Hospice care is expensive because it _____.

9. __________ are responsible for directly achieving organizational goals.

10. _____ refers to performing different tasks than rivals or the same tasks in a different way.

11. The balanced scorecard approach to control ____.

12. Key aspects of the process selection challenge include _________ and __________.

13. Concept maps work because they _______.

14. Common sources of new business opportunities include _________, ________, and ____________.

15. A business model represents a ____ in a business situation.

16. _____ are important to possess because they can be used in many different jobs and situations.

17. Hubble's constant is a ""constant"" in that its value __________.

18. How can a company prevent a disaster related to the crash of company servers while facilitating the employees' ability to perform in their jobs?

19. Which need to be addressed before implementing a plan?

20. What else must a company have besides an advantage in order to succeed in the long term?

21. Which would be an example of a Customer Strategic Priority?

22. How does a firm prioritize which threats to their business would be most damaging?

23. What must a competitive advantage be in order truly to be an advantage?

24. What is a common pitfall discovered when a strategic plan is implemented?

25. What is a SWOT Analysis?

26. Which non financial factors from the past should be examined as they impact the company the most?

27. Why is it important to think about execution before planning?

28. Which would be the best way to mitigate the financial impact of a natural disaster?

29. Why is it important to reflect on past successes?

30. Which is a common risk outside the control of the business?

31. Why is it important to have someone who was not involved in creating the plan review the final strategic plan?

32. Which is the method often used to ensure that managers implement strategic plans?

33. What is meant by scenario planning?

34. Which is a method a company could use to evaluate its competitive advantage?

35. What is the simplest way to make sure that a plan is launched and completed by all parties involved?

36. What does the action plan portion of a strategic plan accomplish?

37. What should a company prepare financial ratios for?

38. What section of the environment would your competitors be categorized as?

39. Which is a barrier to entry?

40. What is meant by disaster planning?

41. What is a mission statement?

42. Which is an example of an internal priority?

43. Why would a firm not mitigate small risks to business?

44. Why would a failed past performance item be worth examining?

45. Which is a reason for the failure of a strategic plan?

46. What is the main goal in setting customer related priorities?

47. Why is consistency considered an competitive advantage?

48. How can a firm maintain its competitive advantage?

49. What two factors are used in the GE Matrix for strategic analysis?

50. Why is it important to continually communicate a plan to all employees?

51. What is a department plan?

52. What are the four main areas for setting priorities?

53. Which most closely impacts an organization?

54. Why would new firms enter a declining market space during an economic downturn?

55. Correct order for creating a strategic plan?

56. What are the three levels of competitors?

57. What is the term for factors which prevent competition from entering a market easily?

58. What are the three main elements to a strategic plan?

59. How often should strategic plans be revised and assessed?

60. Why would a company set strategic priorities for the next 5 years?

61. How should a company communicate a new strategic plan company wide?

62. How should firms plan for unknown future economic events?

63. What would examining the supply and demand dynamics for a supplier's goods accomplish?

64. Why must goals be measurable?

65. What is the purpose of a strategy map?

66. What significance does a 'debt to equity ratio' have to a business owner in evaluating how the company has performed?

67. Why is 'skilled staff' not a competitive advantage?

68. Which would be best to review to see trends and overall performance of the past?

69. Which area would a company not focus on during strategic planning?

70. Which would be used to evaluate productivity?

71. How should a strategic plan be evaluated for financial viability?

72. How can a firm mitigate the risk of an employee with specialized knowledge leaving the company while empowering other employees?

73. What purpose does a balanced scorecard serve?

74. How is the SWOT analysis used in setting priorities?

75. Which would help maintain a competitive advantage?

76. What is another name for dynamic management?

77. A firm employing a differentiation strategy is focusing on what?

78. What is a time-series cross-sectional model that accounts for variation such as seasonality in the hospitality industry?

79. Which is not a value chain function?

80. What market dominance trend is common in most industries?

81. What ratio is used as an indicator of the size of a leading firm in relation to its industry?

82. How many of porter's five forces refer to competition?

83. What company is an example of a brandnomer?

84. In which situation would a joint venture make the most sense?

85. What is an example of a legal monopoly?

86. A demand curve is more price elastic when a price____________ ?

87. What is "The Icarus Paradox"?

88. What performance management tool do companies use to measure and retain their competitive advantage?

89. Oil companies' business models are examples of what?

90. What are two internal environmental factors that must be considered when developing a sound marketing strategy?

91. What does the T stand for in the PEST analysis?

92. Why must change be a strategic function of business?

93. OPEC is an example of what?

94. What trait should an information-driven company have at its core?

95. A competitive advantage suggests what?

96. What is recombinant innovation?

97. What micro-economic analysis would you use to analyze economics, social factors, and government regulations?

98. If you are a company in a cyclical industry what is a good business strategy for you?

99. What is a hostile takeover?

100. What are profit margins?