1.A(n) ________ is a special talent of a company that competitors find difficult
ID: 1200999 • Letter: 1
Question
1.A(n) ________ is a special talent of a company that competitors find difficult to match.
A.
value-chain analysis
B.
focus strategy
C.
organizational structure
D.
core competency
E.
global strategy
2.Why would a firm NOT opt for a global strategy?
A.
To allow managers to share lessons learned
B.
To take advantage of economies of scale
C.
To take advantage of location economies
D.
To save money because products are standardized
E.
To overlook differences in buyer preferences
3.Which of the following statements does NOT describe a value-chain analysis?
A.
In value-chain analysis, managers want to decrease the value provided to customers.
B.
Support activities include managing human resources and technology development.
C.
Primary activities include logistics, production, marketing, and customer service.
D.
A value-chain analysis divides activities into primary and support activities and identifies those that create value.
E.
4.Primary activities involve creating a product, marketing it, and delivering it.
Which of the following statements does NOT describe a cross-functional team?
A.
These teams are well suited to projects that require coordination across functions.
B.
Cross-functional teams can help break down barriers between departments.
C.
These teams work to develop changes in operations.
D.
They increase the time to get a product from the idea stage to the marketplace.
E.
It is composed of employees at similar levels from different functional departments.
5.Support activities in a value chain include all of the following EXCEPT ________.
A.
training and management development
B.
the creation of the product
C.
actions of any company's employees
D.
sourcing
E.
business infrastructure
6.Which of the following key questions do managers NOT ask when designing the organizational structure?
A.
Should the company evaluate its employees?
B.
How should the company introduce corrective measures?
C.
Who should coordinate the activities to achieve overall strategies?
D.
How should information be delivered to managers?
E.
What is the most efficient method of linking divisions to each other?
7.Which of the following key questions do managers NOT ask when designing the organizational structure?
A.
Should the company evaluate its employees?
B.
How should the company introduce corrective measures?
C.
Who should coordinate the activities to achieve overall strategies?
D.
How should information be delivered to managers?
E.
What is the most efficient method of linking divisions to each other?
8.Which of the following key questions do managers NOT ask when designing the organizational structure?
A.
Should the company evaluate its employees?
B.
How should the company introduce corrective measures?
C.
Who should coordinate the activities to achieve overall strategies?
D.
How should information be delivered to managers?
E.
What is the most efficient method of linking divisions to each other?
9.Which of the following statements does NOT describe a mission statement?
A.
The mission statement guides decisions such as which industries to enter.
B.
Mission statements explain the effect of a company's operations on stakeholders.
C.
A mission statement is a written statement of why a company exists.
D.
The mission statement of an international business depends on its type of business.
E.
10.A mission statement identifies and selects an organization's objectives
Which of the following is NOT a question to ask before going global?
A.
Is your company a start-up?
B.
Have you or your employees lived in other cultures for a long time?
C.
Do you or your employees speak other languages?
D.
Will you need to adapt your product?
E.
Is your company's infrastructure able to handle international activities?
11.When designing structure, managers must consider the degree of ________ needed among various groups within the firm.
A.
funding
B.
leadership
C.
focus
D.
adaptation
E.
coordination
12/Which of the following strategies is NOT a business-level strategy?
A.
A brand strategy
B.
A growth strategy
C.
A differentiation strategy
D.
A focus strategy
E.
A low-cost leadership strategy
Explanation / Answer
1 D
2) B
3 E
4 C
5 C
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