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When you buy music downloads online, the firm selling
them to you is engaging in which type of e-business
strategy? - Answer-B2C
A _________ in the BCG Matrix would have a high market
share in a low-growth market. - Answer-cash cow
In porter's five forces model, which of the following
conditions is most favorable from the standpoint of
industry attractiveness? - Answer-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 _________. - Answer-diversification
The alliances that link together firms in supply chain
management relationships are examples of how
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businesses try to use _______ strategies. - Answer-
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. - Answer-multidomestic
When Coke and Pepsi spend millions on ads trying to
convince customers that their products are unique, they
are pursing a ________ strategy. - Answer-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. - Answer-
cost leadership
Restructuring by downsizing operations and reducing staff
is a form of _________ strategy? - Answer-retrenchment
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According to Porter's five forces model, ________ is a
good indicator that an industry is unattractive from a
competitive standpoint. - Answer-few customers
Which is the best first question to ask when starting the
strategic management process? - Answer-What is our
mission?
The ability of a firm to consistently outperform its rivals is
called _______. - Answer-competitive advantage
General Electric is a complex conglomerate that owns
both NBC Universal and GE Healthcare, firms operating in
very different industries. The strategies pursued for each
of these units wihtin GE would best be called _________
level strategies. - Answer-business
An organization that is downsizing by cutting staff to
reduce costs can be described as pursing a ________
strategy. - Answer-retrenchment
Which is an example of a cooperative strategy? - Answer-
strategic alliance