Question 7 1 points Save According to the text, which of the following is not on

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Question 7 1 points Save
According to the text, which of the following is not one of the methods companies can use to enhance their competitive position via innovativeness?
Fostering creativity and experimentation
Investing in new technology, R&D, and continuous improvement
Copying the business practices or techniques of successful competitors
Departing from existing technologies to develop products and practices that go beyond the current state of the art


Question 11 1 points Save
Dispersed approaches to corporate entrepreneurship are often found in organizations with a strong spirit of entrepreneurship.
True
False


Question 21 1 points Save
The need to attain economies of scale encourages multinational firms to operate under a multidomestic strategy.
True
False


Question 27 1 points Save
Appreciation of the U.S dollar will have the following impact on McDonald's:
Lower sales abroad because foreign customers cannot afford McDonalds' products
More transfer of ingredients from the U.S to branches abroad to take advantage of the higher dollar
Lower profits, because foreign profits will be reduced when measured in dollars
No impact at all


Question 28 1 points Save
A __________ is a business in which a multinational company owns 100 percent of the stock.
Joint venture
Strategic alliance
Wholly owned subsidiary
Franchising operation


Question 30 1 points Save
In order to realize the strongest competitive advantage, firms engaged in worldwide competition must:
Require that all of their various business units follow the same strategy regardless of location
Ensure that all business units follow a strategy strictly tailored to their respective locations
Pursue a strategy that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal results
Attempt to use the strategy that was most successful in their home country



Question 36 1 points Save
Which of the following statements about bootstrapping is false?
It refers to techniques that entrepreneurs use to minimize borrowing
It is used to avoid selling parts of a business to investors or venture capitalists
It is a method of bank financing using credit cards instead of getting a traditional loan
It refers to entrepreneurs who rely on their personal resources to finance their business


Question 37 1 points Save
"Blue ocean" strategies rarely provide sustainable advantages because they are easily imitated.
True
False


Question 40 1 points Save
All of the below are factors that affect how a competitor will respond to a competitive attack except:
How dependent the competitor is on that industry or particular market segment
The degree of market power and reputation of the company that initiated the attack
The resources which are available for a firm to respond
The stock market reaction to the initial competitive attack


Question 41 1 points Save
Intense rivalry involving actions and responses among similar competitors vying for the same customers in a marketplace is known as:
Competitive dynamics
Resource similarity
Threat of substitutes
Pioneering new entry


Question 43 1 points Save
According to the text, "bootstrapping" is used by firms to minimize borrowing by getting the most out of every dollar and doing without anything but the bare necessities.
True
False


Question 59 1 points Save
Operational decision making in a large business places excessive demands on the firm's top management.
True
False


Question 60 1 points Save
For firms that compete on the basis of cost leadership, incentives tend to be primarily based on explicit financial targets.
True
False


Question 87 1 points Save
Contemporary approaches to strategic control rely primarily on:
Feedback controls
Single-loop learning
Double-loop learning
Comparative learning


Question 88 1 points Save
For businesses facing complex and turbulent business environments:
Goals and objectives that are uncertain prevent opportunism
Traditional strategic controls are usually inappropriate
Complacency about predetermined milestones can prevent adaptability
Detailed plans are needed to maintain order


Question 96 1 points Save
Product diversification by a company is a cheaper way to reduce shareholder risk than portfolio diversification by shareholders.
True
False


Question 97 1 points Save
As firms downsize, a control system based on rewards and culture becomes dysfunctional.
True
False


Question 98 1 points Save
Rule-based controls are appropriate in organizations where most of the employees are unskilled.
True
False


Question 99 1 points Save
Unexpected events (such as wildcat strikes or new government regulations) have little effect on short-term objectives that need to remain fixed to be effective.
True
False

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