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13. The BCG matrix organizes along which of the following dimensions? a. Market

ID: 428110 • Letter: 1

Question

13. The BCG matrix organizes along which of the following dimensions? a. Market share and profit b. Sales and market share c. Business growth rate and market share d. Business growth rate and profit e. Sales and profits 14. Which of the following is a Porter's competitive strategy? a. Differentiation b. Bargaining power of buyers c. Bargaining power of suppliers d. Threat of substitute products e. Potential new entrants 15. Managers are often referred to as: a. decision makers. b. peace makers. c. conflict creators. d. an unnecessary layer of employees. e. profit suppressor. 16. refers to the process of identifying problems and then resolving them. a. Organizing b. Controlling c. Decision-making d. Planning e. Leading 17. Which of the following means that all the information the decision-maker needs is fully available? a. Certainty b. Risk c. Uncertainty d. Ambiguity e. None of these refers to the tendency of people in groups to suppress contrary opinions. a. Point-counterpoint b. Groupthink c. Devil's advocacy 18 commitment e. Brainstorming

Explanation / Answer

13) The correct choice is C

Explanation:- The BCG matrix organizes businesses along two dimensions i.e.business growth rate and market share.

14) The correct choice is a

Explanation:- According to Michael Porter, organizations may pursue a differentiation, overall cost leadership, or focus strategy at the business level. An organization that pursues a differentiation strategy seeks to distinguish itself from competitors through the quality of its products or services.

15) The correct choice is a

Explanation:- Managers often are referred to as decision-makers, and every organization grows, prospers, or fails as a result of decisions by its managers.

16) The correct choice is c

Explanation:- Decision-making is the process of identifying problems and opportunities and resolving them for a win-win situation.

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