1. Select the correct statement for Vertical integration method of diversification:
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Correct Answer:
All of these
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2. Abbreviation of SWOT is Strengths, weakness, opportunities and threats.
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Correct Answer:
True
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3. SWOT analysis is a method of assessing an organization’s _____ and threats.
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Correct Answer:
All of these
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4. A method of assessing an organization’s strengths, weaknesses, opportunities, and threats is known as ?
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Correct Answer:
SWOT analysis
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5. Stability is a strategy in which an organization focuses on _____ that will sustain it over the long term.
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Correct Answer:
All of these
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6. _____ is a strategy in which an organization focuses on processes, products, and services that will sustain it over the long term.
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Correct Answer:
Stability strategy
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7. Resources are the _____ and capabilities of an organization.
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Correct Answer:
All of these
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8. A company that does not follow a consistent strategy but just responds to changes in the environment is called?
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Correct Answer:
Reactor
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9. Prospector is a company that uses strategies for _____ through product and market innovation.
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Correct Answer:
Both a and b
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10. A company that uses strategies for high-risk and fast growth through product and market innovation is known as?
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Correct Answer:
Prospector
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11. _____ is a corporate-level strategy that addresses the question “What business are we in?” and unites all parts of the organization.
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Correct Answer:
Organizational strategy
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12. Market position is an honest assessment of how the company competes in its industry.
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Correct Answer:
True
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13. _____ is a strategy for increasing revenue, profits, market share, or territories.
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Correct Answer:
Growth strategy
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14. Growth strategy is a strategy for increasing _____ or territories.
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Correct Answer:
All of these
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15. _____ is a strategy that determines how employees will implement and achieve a tactical plan.
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Correct Answer:
Functional strategy
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16. First mover is a company that gains competitive advantage by being the first _____.
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Correct Answer:
Both a and b
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17. _____ is a strategy that determines how a business will compete in a particular industry or market.
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Correct Answer:
Divisional strategy
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18. _____ is a risk-reduction strategy in which an organization adds new kinds of goods, services, or business units.
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Correct Answer:
Diversification strategy
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19. Diversification is a risk-reduction strategy in which an organization adds new kinds of _____.
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Correct Answer:
All of these
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20. Diversification is a risk-reduction strategy in which an organization adds new kinds of _____.
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Correct Answer:
All of these
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21. _____ is a strategy used by organizations to seek competitive advantage by providing goods and services that are significantly different from the competition.
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Correct Answer:
Differentiation strategy
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22. _____ is a strategy used by organizations to achieve competitive advantage by providing better-value products or services to a narrow target market.
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Correct Answer:
Differentiation focus strategy
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23. Defensive strategy is also known as retrenchment strategy.
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Correct Answer:
True
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24. _____ is a strategy that focuses on the reduction of one or more of a company’s operations with the goal of becoming a more financially stable business
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Correct Answer:
Defensive strategy
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25. A company whose strategies support _____ of existing products and services is called Defender.
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Correct Answer:
Both a and b
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26. _____ is a strategy used by organizations to seek competitive advantage by reducing production costs and therefore consumer prices
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Correct Answer:
Cost leadership strategy
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27. _____ is a strategy used by organizations to gain competitive advantage by keeping costs and prices lower than their rivals while targeting a narrow market.
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Correct Answer:
Cost focus strategy
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28. Core capabilities are _____ an organization routinely does well in comparison to its competitors.
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Correct Answer:
All of these
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29. Organizations that sell products or services compatible with other goods and services in an industry to add value to mutual customers are called?
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Correct Answer:
Complementors
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30. Competitive inertia is a tendency to continue with competitive practices that were not successful in the past, even if they are less effective in the present.
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Correct Answer:
False
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31. Competitive analysis is the process of _____ is the competition to design more effective strategies.
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Correct Answer:
Both a and b
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32. Competitive advantage is the characteristics of an organization’s products or services that distinguish it from competitors and provide an advantage in the marketplace.
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Correct Answer:
True
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33. Capacity is the _____ available to the company, which will enable or hinder it to achieve goals.
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Correct Answer:
Both a and b
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34. _____ is a strategy in a company that creates a new market space where there is little or no competition.
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Correct Answer:
Blue ocean strategy
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35. BCG is a framework developed by the Boston Consulting Group for evaluating business units according to growth and market share.
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Correct Answer:
True
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36. Barrier to entry is an obstacle that makes it difficult for an organization to _____ and product offerings
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Correct Answer:
Both a and b
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37. A company whose strategies seek to maintain existing products and services while pursuing limited innovation is called analyzer.
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Correct Answer:
True
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