Introduction to Business Strategy: Help & Review Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. How does the focus strategy differ from the other strategies identified in the lesson?

Question 2 2. Why are business interest groups formed?

Question 3 3. How does grassroots lobbying differ from other forms of lobbying and campaign contributions?

Question 4 4. Which of the following profiles best describes the final target of a business's information strategy?

Question 5 5. How would a dog-grooming services gain a competitive advantage ?

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Question 6 6. A company distributes watches to only high-end jewelry stores. What type of distribution strategy is being used?

Question 7 7. How does organizational strategy affect organizational structure?

Question 8 8. An activist is using social media to defame a company, hurting the company's profits. How could the company react effectively to this situation?

Question 9 9. Business process modeling reviews and analyzes _____ activities.

Question 10 10. Which group of people are expected to be able to identify with and commit to upholding the mission statement?

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Question 11 11. Which of the following is a reason why an organization might consider a plan to downsize?

Question 12 12. Jennifer is starting a new business and begins by writing her mission statement. Why is it important for Jennifer to write a mission statement?

Question 13 13. Which business strategy uses trade groups to garner support or to protest against activists?

Question 14 14. How would an auto manufacturer implement a process regarding engineering?

Question 15 15. Why would a company want to implement Total Quality Management or TQM?

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Question 16 16. When assessing an organization's external environment a manager is concerned with

Question 17 17. Once the important questions are answered during the SWOT analysis, managers can begin to place the strengths, weaknesses, opportunities, and threats in the appropriate quadrant of the _____.

Question 18 18. Due to a consistent decline in profits, Joe has been tasked by his supervisor to develop a plan for downsizing a specific area of the company. To be most effective, Joe's plan should include all of the following, EXCEPT _____.

Question 19 19. Why is a differentiation strategy difficult to utilize?

Question 20 20. How does a mechanistic structure differ from an organic structure?

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Question 21 21. Why is lobbying primarily used in the modern U.S. political system?

Question 22 22. Which of these describes how often a mission statement should be reviewed?

Question 23 23. Which strategy is a company using when it employs lobbyists to influence government regulators?

Question 24 24. Part of Mary's job is to scan the internet every day looking for threats and opportunities for her company. Mary is playing a role in what type of market strategy?

Question 25 25. Define 'focus groups':

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Question 26 26. An IT company focuses on copying and mass-producing computer hardware that is similar to successful devices developed by companies that follow an innovation strategy. Which of the following structures would best suit the IT company's strategy?

Question 27 27. If a given soda company decided to work in tandem with the American Heart Association to stop selling sugary drinks in schools, what type of strategy would this be an example of?

Question 28 28. A computer manufacturer signs a contract with an electronics retailer to ensure products are sold by that retailer in specific countries. What type of distribution strategy is being used?

Question 29 29. Which of the following is the best explanation of a business strategy?

Question 30 30. A full understanding of the mission statement is especially important for this group of people:

Introduction to Business Strategy: Help & Review Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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