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MGT 300 Exam 3 Practice Questions
Questions and Correct Answers/ Latest
Update / Already Graded
1. As smartphone cameras improved, consumers turned away from
traditional cameras. Polaroid lost market share and finally realized
their product was no longer desired. At that point, Polaroid would be
considered a ________ in the BCG matrix.
Dog
Cash Cow
Star
Question Mark
Ans: Dog
2. The major value-creating capabilities of the organization are known
as its ________.
resources
competitive advantages
core competencies
strengths
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Ans: core competencies
3. A ________ describes how a business will compete in its primary
market.
competitive strategy
competitive advantage
mission statement
corporate strategy
Ans: competitive strategy
4. In ________ integration, the organization gains control of its outputs
by becoming its own distributor.
concentrated
backward vertical
diversified
forward vertical
Ans: forward vertical
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5. The final step in the strategic management process allows an
organization to understand the ________.
effectiveness of the strategies used
resources and capabilities it possesses
external environment
implementation of the strategies
Ans: effectiveness of the strategies used
6. Apple is an example of a company that was ________.
distinguishing itself from its competitors
stuck in the middle
unable to develop a successful competitive strategy
pursuing a cost leadership strategy
Ans: distinguishing itself from its competitors
7. In ________ integration, the organization becomes its own supplier
so it can control its inputs.
All rights reserved © 2025/ 2026 |
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horizontal
concentrated
forward vertical
backward vertical
Ans: backward vertical
8. In the Boston Consulting Group (BCG) matrix, a business unit that
has a low anticipated growth rate but a high market share is known as
a ________.
star
cash cow
question mark
dog
Ans: cash cow
9. A(n) ________ strategy determines what businesses a company is in
or wants to be in, and what it wants to do with those businesses.
functional
All rights reserved © 2025/ 2026 |
MGT 300 Exam 3 Practice Questions
Questions and Correct Answers/ Latest
Update / Already Graded
1. As smartphone cameras improved, consumers turned away from
traditional cameras. Polaroid lost market share and finally realized
their product was no longer desired. At that point, Polaroid would be
considered a ________ in the BCG matrix.
Dog
Cash Cow
Star
Question Mark
Ans: Dog
2. The major value-creating capabilities of the organization are known
as its ________.
resources
competitive advantages
core competencies
strengths
All rights reserved © 2025/ 2026 |
, Page |2
Ans: core competencies
3. A ________ describes how a business will compete in its primary
market.
competitive strategy
competitive advantage
mission statement
corporate strategy
Ans: competitive strategy
4. In ________ integration, the organization gains control of its outputs
by becoming its own distributor.
concentrated
backward vertical
diversified
forward vertical
Ans: forward vertical
All rights reserved © 2025/ 2026 |
, Page |3
5. The final step in the strategic management process allows an
organization to understand the ________.
effectiveness of the strategies used
resources and capabilities it possesses
external environment
implementation of the strategies
Ans: effectiveness of the strategies used
6. Apple is an example of a company that was ________.
distinguishing itself from its competitors
stuck in the middle
unable to develop a successful competitive strategy
pursuing a cost leadership strategy
Ans: distinguishing itself from its competitors
7. In ________ integration, the organization becomes its own supplier
so it can control its inputs.
All rights reserved © 2025/ 2026 |
, Page |4
horizontal
concentrated
forward vertical
backward vertical
Ans: backward vertical
8. In the Boston Consulting Group (BCG) matrix, a business unit that
has a low anticipated growth rate but a high market share is known as
a ________.
star
cash cow
question mark
dog
Ans: cash cow
9. A(n) ________ strategy determines what businesses a company is in
or wants to be in, and what it wants to do with those businesses.
functional
All rights reserved © 2025/ 2026 |
