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A _________ in the BCG Matrix would have a high market share in a low-growth
market. - ANSWERS-cash cow
In porter's five forces model, which of the following conditions is most favorable from the
standpoint of industry attractiveness? - ANSWERS-low bargaining power of suppliers
If Google's top management were to annouce that the firm was going to buy Federal
Express, this would indicate a strategy of _________. - ANSWERS-diversification
The alliances that link together firms in supply chain management relationships are
examples of how businesses try to use _______ strategies. - ANSWERS-cooperation
Amoung the global strategies that international businesses might persue the
___________ strategy is the one that most tries to tailor products to fit the local needs
and cultures in different countries. - ANSWERS-multidomestic
When Coke and Pepsi spend millions on ads trying to convince customers that their
products are unique, they are pursing a ________ strategy. - ANSWERS-differentiation
, When using Porter's model of competitive strategies, a firm that wants to compete with
its rivals in a broad market by selling a very low-priced product would need to
successfully implement a _________ strategy. - ANSWERS-cost leadership
Restructuring by downsizing operations and reducing staff is a form of _________
strategy? - ANSWERS-retrenchment
According to Porter's five forces model, ________ is a good indicator that an industry is
unattractive from a competitive standpoint. - ANSWERS-few customers
Which is an example of a cooperative strategy? - ANSWERS-strategic alliance
The main purpose of organizing as a management function is to ___________. -
ANSWERS-arrange people and resources to accomplish work
An organization chart is most useful for ________. - ANSWERS-showing designated
supervisory relationships
Rumors and resistance to change are potential disadvantages often associated with
__________. - ANSWERS-informal structures
When an organization chart shows vice presidents of marketing, finance,
manufacturing, and purchasing all reporting to the president, top management is using a
__________ structure. - ANSWERS-functional
The "two-boss" system of reporting relationships is both a potential source and one of
the key aspects of _______ structures. - ANSWERS-matrix
A manufacturing business with a functional structure has recently acquired two other
businesses with very different product lines. The president of the combined company
might consider using a ________ structure to allow a better focus on the unique needs
of each product area. - ANSWERS-divisional