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Industry effects describe the underlying _____ structure of the industry.


A) demographic
B) economic
C) psychographic
D) ethnographic

E) None of the above
F) A) and B)

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A firm's economic responsibilities are primarily directed toward:


A) minimizing shareholders' wealth.
B) acting as a good corporate citizen.
C) doing what is right, just, and fair.
D) gaining and sustaining competitive advantage.

E) B) and C)
F) A) and D)

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Which of the following scenarios illustrates a firm that has a sustainable competitive advantage?


A) Newon Inc. generated a revenue of $300,000 this financial year, which is close to the industrial revenue average of $320,000.
B) SM Inc. almost doubled its sales to 8500 units this year compared to its previous year's sales of 5000 units, though the industry average is 10,000 units.
C) TrueLink Corp. was able to hold its market share of 68 percent in the social networking industry for more than three years.
D) Max Electrova Inc. was able to outperform its competitors with its new production system, in terms of revenue, for a brief period of four months.

E) None of the above
F) All of the above

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For a firm that operates in an industry where competition is high, which of the following practices will result in inferior performance?


A) Choosing a distinct but different strategic position in the industry
B) Working toward increasing the difference between value creation and cost
C) Trying to be everything to everybody by combining different competitive strategies
D) Focusing on creating value for customers rather than destroying rivals

E) B) and C)
F) B) and D)

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Which of the following tasks in the AFI strategy framework involves putting the formulated strategy into practice through organizational structure, culture, and controls?


A) Strategy formulation
B) Strategy implementation
C) Strategy analysis
D) Strategy evaluation

E) None of the above
F) A) and B)

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What are the philanthropic responsibilities of a firm?

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Philanthropic responsibilities are often...

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When the strong dictatorial rule in Canria unexpectedly collapsed due to the shocking mass murder of the royal family, the nation's economy experienced drastic changes.The laws became more restrictive, the country lost many locally produced resources and products, and the distribution of wealth became inequitable.The unexpected event that led to these changes can best be described as a(n) _____ event.


A) extinction
B) wild card
C) black swan
D) miracle

E) All of the above
F) B) and C)

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List the three broad tasks in the AFI strategy framework.

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Effectively managing the strategy proces...

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With regard to stakeholder impact analysis, in what way did Starbucks go beyond its legal responsibilities and fulfill its ethical responsibilities?

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A firm's ethical responsibilities, somet...

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The first step in stakeholder impact analysis involves:


A) formulating a stakeholder strategy to balance the different needs of various stakeholders.
B) identifying the opportunities and threats the stakeholders present.
C) describing the economic, legal, ethical, and philanthropic responsibilities of the firm toward the society.
D) identifying the stakeholders that currently have, or potentially can have, a material effect on a company.

E) A) and B)
F) A) and C)

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New Communications Inc.is a newspaper publishing company whose average return on invested capital is approximately 5 percent.Because newspaper publishing is a declining industry, the industry average has been negative (-5 percent) for the last few years.In this scenario, New Communications Inc.has a _____.


A) competitive advantage
B) balanced scorecard
C) competitive disadvantage
D) power position

E) B) and D)
F) All of the above

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Which of the following is NOT an example of a software company's external stakeholder?


A) Creditors
B) Customers
C) Alliance partners
D) Project managers

E) B) and D)
F) A) and B)

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What are the elements of a good strategy?

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A good strategy consists of three simple...

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Underperformance relative to other firms in the same industry or the industry average results in a(n) _____ for a firm.


A) sustainable competitive advantage
B) increased power distance
C) diseconomies of scope
D) competitive disadvantage

E) A) and D)
F) None of the above

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Which of the following is an implication of all firms in an industry pursuing a low-cost position through application of competitive benchmarking?


A) No firm would face direct competition from others in the industry; hence, profit potential would be high.
B) Each firm would be catering to a different customer segment.
C) The firms would eventually have no resources to invest in product and process improvements.
D) Each firm would be in a better position to gain a competitive advantage.

E) All of the above
F) A) and B)

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_____ provides a decision tool that enables a firm to act as a good corporate citizen by allowing its managers to recognize, prioritize, and address the needs of different groups of individuals who take personal interest in the firm's performance and survival.


A) Strategy analysis
B) Stakeholder impact analysis
C) The SWOT analysis
D) Strategic positioning

E) All of the above
F) A) and B)

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Discuss the major hallmarks of what strategy is NOT.

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The following are the major hallmarks of...

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Shortly after the small island of Balamia experienced multiple unexpected high-intensity earthquakes that caused massive destruction, many banks and insurance companies filed for bankruptcy.This left the economy of the country in a poor state.The natural calamity in Balamia best exemplifies _____.


A) a black swan event
B) a wild card event
C) skewness risk
D) kurtosis risk

E) None of the above
F) A) and B)

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Why is it not advisable for managers to have single-minded focus on shareholders alone?

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A core tenet of stakeholder strategy is ...

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The average cost of production for a bottle of vitamin water in the industry is $4 while its average price is $7.StoreAll Inc.manufactures the same product for $3 per bottle and sells it for $7 per bottle.Which of the following statements is most likely true of StoreAll Inc.in this scenario?


A) It has a competitive advantage in the industry.
B) It has a competitive disadvantage in the industry.
C) It has competitive parity with other firms in the industry.
D) It has formed a strategic alliance with other firms in the industry.

E) A) and B)
F) C) and D)

Correct Answer

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Showing 21 - 40 of 134

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