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STRATEGIC MANAGEMENT FINAL EXAM
REVIEW 2026 LATEST QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
Identifying industry competitors - correct answer -any
organization that produces and sells similar products or services
Porter's generic competetive strategies - correct answer --cost
leadership
-differentiation
-focus
Cost leadership - correct answer -strives to have the lowest
costs in its industry
Differentiation - correct answer -competes by providing unique
products with features that consumers value
Focus - correct answer -pursues a cost of differentiation
advantage with a limited customer group
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Describe Miles and Snows 3 growth strategies - correct answer -
1. Prospector - innovative, constant exploitation of new
opportunities
2. Defender - protects current market share
3. Analyzer - analysis and imitation
3 corporate growth strategies - correct answer -1. Concentration
- concentrates on primary business
2. Vertical integration - controlling supply or distribution
3. Horizontal integration - partnering operations with competitors
What is a portfolio analysis ? - correct answer -two dimensional
matrices that summarize internal and external factors
Advantages of being an international company - correct answer -
-lower operational costs
-learning about global markets
-exploiting interdependences among countries
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International expansion alternatives - correct answer --global
sourcing - outsourcing
-exporting
-importing
-franchising
Indystry perspective to ID competitors - correct answer -
identifies competitors as organizations that are producing and
selling the same or highly similar goods and services
Market perspective to ID competitors - correct answer -
companies and organizations that satisfy the same customer
need
Strategic groups perspective to ID competitors - correct answer -
based on the idea that there are groups of firms competing within
an industry that have similar strategies, resources, and customers
Concentration - correct answer -a growth strategy in which an
organization concentrates on its primary line of business and
looks for ways to meet its goals by expanding its core business
STRATEGIC MANAGEMENT FINAL EXAM
REVIEW 2026 LATEST QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
Identifying industry competitors - correct answer -any
organization that produces and sells similar products or services
Porter's generic competetive strategies - correct answer --cost
leadership
-differentiation
-focus
Cost leadership - correct answer -strives to have the lowest
costs in its industry
Differentiation - correct answer -competes by providing unique
products with features that consumers value
Focus - correct answer -pursues a cost of differentiation
advantage with a limited customer group
, Page | 2
Describe Miles and Snows 3 growth strategies - correct answer -
1. Prospector - innovative, constant exploitation of new
opportunities
2. Defender - protects current market share
3. Analyzer - analysis and imitation
3 corporate growth strategies - correct answer -1. Concentration
- concentrates on primary business
2. Vertical integration - controlling supply or distribution
3. Horizontal integration - partnering operations with competitors
What is a portfolio analysis ? - correct answer -two dimensional
matrices that summarize internal and external factors
Advantages of being an international company - correct answer -
-lower operational costs
-learning about global markets
-exploiting interdependences among countries
, Page | 3
International expansion alternatives - correct answer --global
sourcing - outsourcing
-exporting
-importing
-franchising
Indystry perspective to ID competitors - correct answer -
identifies competitors as organizations that are producing and
selling the same or highly similar goods and services
Market perspective to ID competitors - correct answer -
companies and organizations that satisfy the same customer
need
Strategic groups perspective to ID competitors - correct answer -
based on the idea that there are groups of firms competing within
an industry that have similar strategies, resources, and customers
Concentration - correct answer -a growth strategy in which an
organization concentrates on its primary line of business and
looks for ways to meet its goals by expanding its core business
