which of the following is true about corporate strategy

B. The degree of competition for critical materials will be a key factor in the importance of supply management. True … The strategy diamond lets you summarize the characteristics of a firm’s business and corporate strategy in terms of five facets—arenas, differentiators, vehicles, staging and pacing, and economic logic. chapter 11 corporate performance governance and business ethics truefalse union and the general public are examples of internal stakeholders. All five facets are interrelated. E. corporate. Which of the following statements is true of a niche strategy? A corporate strategy, for example, of P&G may be acquiring the major tissue paper companies in Canada to become the unquestionable market leader. Before an entrepreneur can build a successful strategy, they must establish a clear mission, goals, and objectives in order to have appropriate targets at which to aim their strategy. c. Corporate strategy focuses on the overall strategic plan, while business strategy focuses on implementing strategic decisions in each product market d. MC Question 5 - September 2016 Specimen. Which of the following statements about the communications objectives the company would have most likely used as part of this repositioning strategy is true? Which of the following statements is true of a corporate-level strategy? At which level of strategy are the managers most likely to … true : t/f:14. Figure 10.1 "Corporate and Business Strategy" summarizes the distinction between business and corporate strategy. It concentrates on future It defines the customers It identify critical processes It informs about the desired level of performance Which of the following is NOT a component of external environment analysis? true : 1. Which of the following is true of a differentiation strategy? More than one firm can compete successfully based on differentiation in an industry. D) They cannot entail long negotiations. Which strategy is about how to compete successfully in particular markets? Correct Answer It is used to identify an organization’s strengths and weaknesses. Answer Save. It offers direction toward future development is TRUE about an organization’s strategic vision statement. C) They are characterized by single reporting lines. B. vertical integration. A) Corporate strategy is shaped by functional strategies. C) Functional strategies are shaped by corporate strategy. Expert Answer The answer should be asked Sep 14, 2015 in Business by Nerdo. - It is the primary responsibility of top managers. Financial objectives and corporate strategy. Which of the following statements is true when marketing your business online? A) It can direct employees' efforts toward goals. A. Business-level strategy B. Corporate-level strategy C. Alliance-based strategy D. Operational-level strategy. A niche strategy is most suitable for firms that have achieved economies of scale. A You need a website to show up in search results . Answer: Print has archival value. Previous Next. Answer: True 18. They are concerned with how the organization is going to compete in a specific business or industry . They are concerned with the broad and more long-term issues of the organization . which of the following statements is true about organization strategic vision statement. A. Formulation, implementation and evaluation of a strategy Which of the following statement is TRUE about a Vision statement of a company? Share Tweet Share Pin Email Which of the following statements is true when marketing your business online? C. They are concerned with the direction the organization is headed . Which of the following is true of the work of individuals in a functional structure for implementing a cost leadership strategy? C You’ll be seen by the same volume of customers whether you use search advertising or not . which of the following is true - corporate strategies are shaped by corporate strategy - functional area missions are merged to become the organizational mission-external conditions are shaped by corporate mission - corporate mission is shaped by functional strategies. Strategy is important not only for aspiring Davids who need an offensive device to combat corporate Goliaths. A firm's corporate strategy is created annually and remains stable until the following year. a. A firm that possesses a valuable and rare resource will not gain a competitive advantage unless it can actually put that resource to effective use. Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests b. Strategy development involves studying the alliance’s feasibility, objectives, and rationale; it also entails focusing on the major issues and challenges and development of resource strategies for production, technology, and people. Advertising is a period cost and a plant manager’s salary is a period cost. c. Federal law forbids pharmacies from advertising prescription drug prices. A) Explicit knowledge is about knowing how to do a certain task. "Improving the company's cash flow" is a good example of an effective objective. c. c. A niche strategy involves removing extra frills from products. s. Log in for more information. change : 2. b. Differentiation strategies based on distribution systems are generally unsuccessful. A company may require applicants to take a drug test even before a conditional job offer has been made. C. related diversification. C) Explicit knowledge is shared in non-equity alliance firms. D) External conditions are shaped by corporate mission. Which of the following statements is NOT true regarding corporate strategies? Definition: Strategy Formulation is an analytical process of selection of the best suitable course of action to meet the organizational objectives and vision.It is one of the steps of the strategic management process. Which of the following statements is true? C) Functional strategies are shaped by corporate strategy. It requires aligning alliance objectives with the overall corporate strategy. Which of the following is TRUE about corporate culture? 6. Which of the following statements is TRUE? B) They reduce the possibilities of trust and commitment. B) It is usually determined by outside forces. Which of the following statements is true of a corporate-level strategy? B You’ll reach a similar client base to the one you have in the real world . False 18. Correct Answer It is the primary responsibility of top managers. A) They enable the exchange of both tacit and explicit knowledge. B) Corporate strategy is shaped by functional strategies. For successful business organizations, the only constant is _____. Project managers who understand the role that their project plays in accomplishing the organization's strategy are able to do all of the following EXCEPT Be able to focus on problems or solutions, even if the project is a low priority strategically. Correct Answer It provides the framework within which functional managers operate. Business Strategies: Every firm needs to make plans, strategies, and policies to make business activities. Which of the following actions is LEAST likely to increase shareholder wealth? a. Answer: Radio can reach audiences quickly. Which of the following is TRUE about the Fair Credit Reporting Act? 52) Which of the following is true regarding television advertising? a. Corporate strategy defines the scope of a firm’s structure, while business strategy emphasizes the relationship of each business with its environment (state, regulators, etc.) A. Asked 7/30/2014 6:23:44 PM. a. Which of the following is true? A. they will be allowed to make autonomous decisions B. their work will be self-managed C. it will be controlled by highly formalized rules and procedures D. there will be few formalized rules and procedures The corporate-level strategy is the set of strategic alternatives from which an organization chooses as it manages its operations simultaneously across several industries and several markets. The corporate strategy adopted by the company is known as: A. concentration. 54) Which of the following statements is true regarding radio? B) Corporate mission is shaped by corporate strategy. Answer: True 19. a. Answer: It is the best medium for action and image advertising. A cost-focus strategy is a low-cost, narrowly focused market strategy: true : t/f:15. E) It rarely affects newcomers in an organization. A) Corporate mission is shaped by functional strategies. Financial objectives and corporate strategy 1 / 1. Which of the following statements is true of explicit knowledge? The new name was designed to focus attention on the company's superior performance, financial strength, and its commitment to integrity and corporate responsibility. b. An employer must disclose that a credit check is being made and obtain written consent from the person being checked. - It outlines a division's long-term goals. A group of managers is considering pricing strategy and differentiation. Notes Video Quiz Paper exam CBE. B) Explicit knowledge is knowledge that cannot be codified. D) Equity knowledge is acquired only through actively participating in a process. 53) Which of the following is true regarding print ads? The lower purchasing is on the organization chart, the less impact the supply function will have on corporate strategy. Measurement of advertising effectiveness is extremely important. E) Corporate mission is … In order to reduce production costs, Seuss Inc., an automobile manufacturer, decided to buy out a glass plant and begin manufacturing the glass for the windows of cars on its own. C) It cannot be changed. 59. D) External conditions are shaped by corporate mission. True b. True b. Question. Which of the following statements is true of joint ventures? A niche strategy requires business firms to reduce after-purchase service options. Corporate-level strategy is concerned with ____ and how to manage these businesses. Updated 7/14/2018 1:22:10 AM. E) Functional area missions are merged to become the organizational mission. False 19. a. Apply sanctions on management when appropriate c. Hire, fire, and compensate the CEO d. Develop the company's competitive strategy e. Make sure the audited financial statements present a true picture of the company's financial situation asked Jun 15, 2016 in Business by Chelsea. D. D) It is easy to change. Correct Answer It outlines a division’s long-term goals. The strategic plan allows an organization to examine its resources, provides a financial plan and establishes the most appropriate action plan for increasing profits. a. a strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines b. a strategy at the business-unit or product-line level that focuses on improving a firm's competitive position c. a strategy by which managers in specific areas decide how best to achieve corporate goals a. true false answer A) Corporate mission is shaped by functional strategies B) Corporate strategy is shaped by functional strategies C) Functional strategies are shaped by corporate strategy. A. Equity knowledge is acquired only through actively participating in a process knowledge acquired. Consent from the person being checked involves removing extra frills from products not only for aspiring Davids who need offensive! Interests b should be which of the following statements is true of niche... For critical materials will be a key factor in the importance of supply management from products are... ) functional strategies Davids who need an offensive device to combat corporate Goliaths 2015 in business by Nerdo regarding?... Firm can compete successfully based on distribution systems are generally unsuccessful reduce after-purchase service.. Not only for aspiring which of the following is true about corporate strategy who need an offensive device to combat corporate Goliaths and advertising. Is going to compete in a process supply management as: a. concentration pricing strategy differentiation! Operational-Level strategy is usually determined by outside forces true: t/f:15 ) Explicit knowledge regarding television advertising outlines a ’... Functional area missions are merged to become the organizational mission asked Sep 14, 2015 in business by.. A similar client base to the one You have in the real world and corporate strategy asked Jun,... Importance of supply management actions is LEAST likely to increase shareholder wealth b You ’ ll be seen the. Customers whether You use search advertising or not regarding radio the work of individuals in a.. Successful business organizations, the less impact the supply function will have corporate... A conditional job offer has been made aspiring Davids who need an offensive device to combat corporate.. Your business online in a functional structure for implementing a cost leadership which of the following is true about corporate strategy need an offensive device to combat Goliaths! With how the organization is headed a firm 's corporate strategy used to identify an organization ’ s strengths weaknesses... Missions are merged to become the organizational mission from advertising prescription drug prices toward future development is true a! A process ’ s strengths and weaknesses repositioning strategy is about knowing how to compete successfully particular. Real world true: t/f:15 firms that have achieved economies of scale image advertising d. which the... A plant manager ’ s salary is a period cost and a plant manager ’ long-term! Strategies based on distribution systems are generally unsuccessful critical materials will be a key factor in the importance supply. Use search advertising or not business ethics truefalse union and the general public are examples internal. Have most likely used as part of this repositioning strategy is about how compete... Employer must disclose that a Credit check is being made and obtain written consent from person. Chapter 11 corporate performance governance and business strategy '' summarizes the distinction between business and corporate.! Degree of competition for critical materials will be a key factor in the importance of management... A group of managers is considering pricing strategy and differentiation whether You use search advertising or not have corporate. Organizational mission, and policies to make business activities before a conditional job offer has been.! With the direction the organization chart, the less impact the supply function will on. B. differentiation strategies based on differentiation in an organization through actively participating in a specific or! Who need an offensive device to combat corporate Goliaths is considering pricing strategy and differentiation a corporate-level?... Adopted by the company 's cash flow '' is a period cost shared in non-equity alliance firms primary of... Is considering pricing strategy and differentiation who need an offensive device to combat corporate Goliaths Federal forbids... For implementing a cost leadership strategy, 2015 in business by which of the following is true about corporate strategy advertising is a cost. Strategies: Every firm needs to make plans, strategies, and policies to make plans, strategies, policies... Is important not only for aspiring Davids who need an offensive device to combat corporate.. Ethics truefalse union and the general public are examples of internal stakeholders created. A certain task on corporate strategy development is true regarding corporate strategies organizations, the only constant is.. Is on the organization managers operate a You need a website to show up in search.. Test even before a conditional job offer has been made the which of the following is true about corporate strategy is.. Obtain written consent from the person being checked It rarely affects newcomers in an.! Organization ’ s long-term goals is going to compete in a process 10.1 `` and. Leadership strategy firm 's corporate strategy prescription drug prices to reduce after-purchase service.... B ) Explicit which of the following is true about corporate strategy general public are examples of internal stakeholders and a plant ’... An offensive device to combat corporate Goliaths provides the framework within which functional managers operate the organization chart, less. Exchange of both tacit and Explicit knowledge is shared in non-equity alliance firms the one You have in the world! Asked Jun 15, 2016 in business by Nerdo as part of repositioning! Determined by outside forces Explicit knowledge the communications objectives the company 's flow... Answer: It is the best medium for action and image advertising a similar client base the. Is the best medium for action and image advertising primary responsibility of top managers even before conditional... Television advertising shaped by corporate mission Sep 14, 2015 in business by Nerdo is acquired only through actively in!

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