14.Which of the following corporate strategies would be used by an organization
ID: 442406 • Letter: 1
Question
14.Which of the following corporate strategies would be used by an organization to address declining performance?
A.Stability strategy
B.First mover strategy
C.Functional strategy
D.Renewal strategy
E.Growth strategy
15.An organization that grows using _______ expands by focusing on its primary line of business and increasing the number of products offered or markets served.
A.a renewal strategy
B.vertical integration
C.concentration
D.a stability strategy
E.horizontal integration
16.A major appliance manufacturer that has been purchasing electronic controls from a supplier makes the decision to design and develop the controls in-house. What type of corporate strategy does this represent?
A.horizontal integration
B.concentration
C.vertical integration
D.a renewal strategy
E.a stability strategy
17.Pasta Pronto is planning to grow by adding a location and increasing its delivery radius. What type of strategy is Pasta Pronto using?
A.Concentration
B.A renewal strategy
C.Vertical integration
D.Horizontal integration
E.A stability strategy
18.A strategic business unit (SBU) of a major corporation has entered a new, high volume industry and has quickly captured a significant share of the market. According to the BCG (Boston Consulting Group) matrix, how would this SBU be categorized?
A.Cash cow
B.Dog
C.Horse
D.Star
E.Question Mark
19.Because of its sheer size and the volume of products it buys from its vendors, Walmart can dictate the prices it will pay. Which of Porter's five competitive forces does this represent?
A.Bargaining power of buyers
B.Bargaining power of suppliers
C.Threat of new entrants
D.Threat of substitutes
E.Current rivalry
20.BioMax's patent for its wildly popular weight-loss drug is expiring within the next year. Which of Porter's five competitive forces is likely of most concern to thecompany?
A.Current rivalry
B.Bargaining power of buyers
C.Bargaining power of suppliers
D.Threat of new entrants
E.Threat of substitutes
21.An electronics firm develops a control for an appliance manufacturer, and its contract states that, if the appliance manufacturer terminates the contract early, it must reimburse the electronics firm for $2 million in development costs. Which of Porter's five competitive forces does this represent?
A.Threat of substitutes
B.Bargaining power of suppliers
C.Bargaining power of buyers
D.Current rivalry
E.Threat of new entrants
22.A major appliance manufacturer that has been purchasing electronic controls from a supplier makes the decision to design and develop the controls in-house. From thesupplier's perspective, which of Porter's five competitive forces does this represent?
A.Threat of substitutes
B.Threat of new entrants
C.Current rivalry
D.Bargaining power of suppliers
E.Bargaining power of buyers
23.RGH Enterprises is able to produce a wide line of garden tools and sells a high volume, and thus can capitalize on economies of scale and charge lower prices than its competitors. RGH Enterprises is using the _______ strategy.
A.retrenchment
B.cost leadership
C.focus
D.differentiation
E.stuck in the middle
24.Barbara's Bridals does not want to be "all things to all people." The company serves a niche market of plus-sized brides who want to purchase high-end, designer wedding gowns. Barbara's Bridals is pursuing a _______ strategy.
A.stuck in the middle
B.retrenchment
C.focus
D.cost leadership
E.functional
25.What sets an organization apart from its competitors is known as its __________.
A.functional strategy
B.corporate strategy
C.business model
D.competitive advantage
E.core competencies
Explanation / Answer
14. Renewal strategy
The company should look for renewal strategy for improving its performance.
15.Concentration
Concentration strategy is used because it focus on increasing the range of its existing products only.
16.Vertical integration
It is an example of vertical integration where company is trying to perform the work of its supplier.
17.Concentration
The company is increasing its market reach for same products thus focusing on concentration strategy.
18. Star
As per BCG matrix criteria
19.Bargaining power of buyers
Wal-Mart has deep pocket and can dictate its term so it shows the bargaining power of buyers.
20.Threat of new entrants
After patent gets expire, the technology is open to all player in the market therefore it will be threat to entrant
21. Bargaining power of suppliers
It clearly shows the bargaining power of suppliers that drives the contract in the favor of supplier
22.Threat of new entrants
The design and control is protected and maintained by a particular company thus representing threat to new entrants.
23.Cost leadership
The company can lower its price and attract more no. of customers because it has advantage of economies of scale.
24.Focus
The company is focus only a particular segment of market thus using focus strategy
25. Competitive advantage
Competitive advantage are the competency that a particular organization has over its competitors.
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