(a) Rever (a) Market dependence (b) Resources of competitors (e) Reputation of the firm initiating the action (d) International expansion 14. Mary's Palace, a first class restaurant located along the Independence Avenue decided to add Afghanistan Pizzas to their menu. This is an example of, (a) Vertical Growth b) Horizontal growth c) Related diversification d) None of the above 15. In the classification of firms into strategic groups, each firm is plotted on a two dimensional grid in which the axes are; (a) Relative market share and Industry Growth Rate (b) Industry growth rate and profitability (e) Relative market share and level of innovation (d) Price and breadth of product line 16. Which of the following is not an example of equity financing: (a) Private investors (b) Venture capital (e) Public financing (d) Personal savings 17. In the formulation of business strategy, differentiation can take several forms except; (a) Prestige or brand image (b) Profit margins (e) Customer service (d) Technology 18. The rivalry involving actions and responses among similar competitors vying for the same customers in a market place is referred to as; (a) Complementary dynamics (b) Competitive dynamics (e) Competitive action (d) Group dynamics 19. For a business opportunity to be viable, it must have the following qualities except; (a) Attractive (b) Powerful (c) Durable (d) Achievable 20. The operational Strategy of organizations and businesses in most cases, is a combination of; (a) Deliberate and Emergent Strategies (b) Deliberate and Unrealized Strategies (c) Intended and Diversification Strategies (d) None of the above 21. Which of the following is not an example of debt financing: (a) Bank loans (b) Credit cards (c) Public stock offering (d) Loan from friends. 22. In the analysis of cooperative Business Strategy, a Mutual Service Consortium is considered a stronger form of strategic alliance than value chain partnership; (a) True (b) False 23. Which of the following is not one of the components of the balanced scorecard approach to tracking an organization's performance; (a) Financial measures (b) Internal business process measures (c) Leadership skill measures (d) Customer measures 24. Portia's Palace discovered that social media is transforming marketing of many products and service delivery and helping to organize meetings with clients. This discovery was most likely made during analysis of; (a) Their Internal Environment (b) Societal Environment (c) Industry Environment (d) None of the above 25. At the introductory stage of a given industry, differentiation strategy is the preferred operational strategy of businesses; (a) True (b) False 26. A captive company strategy is an example of a retrenchment strategies where; (a) management acquires shares of other viable firms (b) management allows the firm to become a captive to one of its larger customers (c) management captures other viable firm (d) None of the above 27. Imitating distinctive competencies of competitors could be achieved through all of the following except; 2

(a) Rever (a) Market dependence (b) Resources of competitors (e) Reputation of the firm initiating the action (d) International expansion 14. Mary's Palace, a first class restaurant located along the Independence Avenue decided to add Afghanistan Pizzas to their menu. This is an example of, (a) Vertical Growth b) Horizontal growth c) Related diversification d) None of the above 15. In the classification of firms into strategic groups, each firm is plotted on a two dimensional grid in which the axes are; (a) Relative market share and Industry Growth Rate (b) Industry growth rate and profitability (e) Relative market share and level of innovation (d) Price and breadth of product line 16. Which of the following is not an example of equity financing: (a) Private investors (b) Venture capital (e) Public financing (d) Personal savings 17. In the formulation of business strategy, differentiation can take several forms except; (a) Prestige or brand image (b) Profit margins (e) Customer service (d) Technology 18. The rivalry involving actions and responses among similar competitors vying for the same customers in a market place is referred to as; (a) Complementary dynamics (b) Competitive dynamics (e) Competitive action (d) Group dynamics 19. For a business opportunity to be viable, it must have the following qualities except; (a) Attractive (b) Powerful (c) Durable (d) Achievable 20. The operational Strategy of organizations and businesses in most cases, is a combination of; (a) Deliberate and Emergent Strategies (b) Deliberate and Unrealized Strategies (c) Intended and Diversification Strategies (d) None of the above 21. Which of the following is not an example of debt financing: (a) Bank loans (b) Credit cards (c) Public stock offering (d) Loan from friends. 22. In the analysis of cooperative Business Strategy, a Mutual Service Consortium is considered a stronger form of strategic alliance than value chain partnership; (a) True (b) False 23. Which of the following is not one of the components of the balanced scorecard approach to tracking an organization's performance; (a) Financial measures (b) Internal business process measures (c) Leadership skill measures (d) Customer measures 24. Portia's Palace discovered that social media is transforming marketing of many products and service delivery and helping to organize meetings with clients. This discovery was most likely made during analysis of; (a) Their Internal Environment (b) Societal Environment (c) Industry Environment (d) None of the above 25. At the introductory stage of a given industry, differentiation strategy is the preferred operational strategy of businesses; (a) True (b) False 26. A captive company strategy is an example of a retrenchment strategies where; (a) management acquires shares of other viable firms (b) management allows the firm to become a captive to one of its larger customers (c) management captures other viable firm (d) None of the above 27. Imitating distinctive competencies of competitors could be achieved through all of the following except; 2

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Transcribed Image Text:(a) Revere (4) (a) Market dependence (b) Resources of competitors (c) Reputation of the firm initiating the action (d) International expansion 14. Mary's Palace, a first class restaurant located along the Independence Avenue decided to add Afghanistan Pizzas to their menu. This is an example of; (a) Vertical Growth b) Horizontal growth c) Related diversification d) None of the above 15. In the classification of firms into strategic groups, each firm is plotted on a two dimensional grid in which the axes are; (a) Relative market share and Industry Growth Rate (b) Industry growth rate and profitability (c) Relative market share and level of innovation (d) Price and breadth of product line 16. Which of the following is not an example of equity financing; (a) Private investors (b) Venture capital (c) Public financing (d) Personal savings 17. In the formulation of business strategy, differentiation can take several forms except; (a) Prestige or brand image (b) Profit margins (c) Customer service (d) Technology 18. The rivalry involving actions and responses among similar competitors vying for the same customers in a market place is referred to as; (a) Complementary dynamics (b) Competitive dynamics (c) Competitive action (d) Group dynamics 19. For a business opportunity to be viable, it must have the following qualities except; (a) Attractive (b) Powerful (c) Durable (d) Achievable 20. The operational Strategy of organizations and businesses in most cases, is a combination of; (a) Deliberate and Emergent Strategies (b) Deliberate and Unrealized Strategies (c) Intended and Diversification Strategies (d) None of the above 21. Which of the following is not an example of debt financing; (a) Bank loans (b) Credit cards (c) Public stock offering (d) Loan from friends. 22. In the analysis of cooperative Business Strategy, a Mutual Service Consortium is considered a stronger form of strategic alliance than value chain partnership; (a) True (b) False 23. Which of the following is not one of the components of the balanced scorecard approach to tracking an organization's performance; (a) Financial measures (b) Internal business process measures (c) Leadership skill measures (d) Customer measures 24. Portia's Palace discovered that social media is transforming marketing of many products and service delivery and helping to organize meetings with clients. This discovery was most likely made during analysis of; (a) Their Internal Environment (b) Societal Environment (c) Industry Environment (d) None of the above 25. At the introductory stage of a given industry, differentiation strategy is the preferred operational strategy of businesses; (a) True (b) False 26. A captive company strategy is an example of a retrenchment strategies where; (a) management acquires shares of other viable firms (b) management allows the firm to become a captive to one of its larger customers (c) management captures other viable firm (d) None of the above 27. Imitating distinctive competencies of competitors could be achieved through all of the following except; 2 28.

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