YTM 8-10

Open Ended

Imagine a successful company that makes and sells only one popular product (like high-quality athletic shoes). What are some of the main reasons this company might decide to start selling completely different products, like launching a line of energy drinks or opening fitness gyms?

Multiple Choice

Which of the following best describes diversification at the corporate level?

• Expanding a company’s business operations into a new industry to produce new kinds of valuable goods or services.

• Focusing only on existing products and markets.

• Reducing the number of products a company offers.

• Merging with a competitor in the same industry.

Multiple Choice

Which of the following best describes 'related diversification' in business strategy?

• Entering a new business to create a competitive advantage in existing divisions.

• Entering a new industry unrelated to current businesses.

• Buying a company in a different country.

• Focusing only on one product line.

Multiple Choice

Which of the following is NOT one of the Five Forces described in the slides?

• The threat of substitute products.

• The power of large suppliers.

• The potential for technological innovation.

• The level of rivalry among organizations.

Multiple Select

Select all the outcomes that Michael Porter’s business-level strategy aims to achieve.

• Reduces rivalry

• Increases the power of buyers

• Prevents new competitors from entering the industry

• Lowers the threat of substitutes

Multiple Choice

According to Table 8.2, which strategies serve 'few' market segments?

• Low-cost and Differentiation

• Focused low-cost and Focused differentiation

• Low-cost and Focused low-cost

• Differentiation and Focused differentiation

Multiple Choice

Which of the following best describes a low-cost strategy at the business level?

• Driving the organization’s total costs down below the total costs of rivals.

• Distinguishing an organization’s products from competitors on product design.

• Serving only one segment of the market and being the lowest-cost organization.

• Focusing on after-sales service to differentiate products.

Multiple Choice

Which of the following is NOT a key decision managers make when designing an organization's structure?

• How to group tasks into individual jobs

• How to group jobs into functions and divisions

• How to allocate authority and coordinate functions and divisions

• How to set employee salaries

Multiple Select

Which of the following are factors that affect the design of organizational structure?

• Organizational environment

• Technology

• Human resources

• Product pricing

Multiple Choice

In the example of a University Senior Lecturer, which of the following is considered a duty?

• Talking

• Delivering lectures

• Observation

• Performing the entrusted task and duties successfully

Multiple Choice

Which of the following best describes a functional structure in an organization?

• An organizational structure composed of all the departments required to produce goods or services.

• A structure where each product line has its own division.

• A structure focused on geographic regions.

• A structure based on customer segments.

Multiple Choice

Functional structure encourages learning from others doing similar jobs and makes it easy for managers to monitor and evaluate workers. What is one potential drawback of this structure?

• Difficult for departments to communicate with others.

• Employees may become too specialized.

• Managers may lose control over divisions.

• Departments may compete for resources.

Multiple Choice

Which of the following is a potential drawback of product departmentalization?

• It limits innovation

• It can lead to duplication of resources

• It reduces managerial accountability

• It prevents employees from specializing in product knowledge

Multiple Choice

Coca-Cola manages its business through units such as North America, Europe, Africa, and Asia-Pacific, each with its own management and marketing teams. This is an example of:

• Functional departmentalization

• Product departmentalization

• Customer departmentalization

• Geographic departmentalization

Multiple Choice

A large bank has divisions for retail banking, small business banking, and corporate banking. Each division offers specialized services and support for that customer group. This bank is using:

• Product departmentalization

• Functional departmentalization

• Market departmentalization

• Matrix departmentalization

Multiple Choice

Matrix departmentalization is best described as a structure that:

• Groups employees based only on their technical expertise

• Focuses on serving specific customer groups across multiple regions

• Combines two forms of departmentalization

• Eliminates the need for functional departments altogether

Multiple Choice

One major disadvantage of matrix departmentalization is that it can:

• Make it difficult for employees to specialize in specific areas

• Create confusion and conflict due to dual lines of authority

• Eliminate cross-functional communication entirely

• Lead to excessive centralization of decision-making

Poll

Overall, the pace and content of the class are working well for me.

• Strongly agree

• Agree

• Neutral

• Strongly Disagree

• Disagree

Poll

The professor explains concepts clearly and is effective in teaching the material.

• Strongly agree

• Agree

• Neutral

• Strongly Disagree

• Disagree

Poll

The simulation used in class was a valuable and effective learning tool.

• Strongly agree

• Agree

• Neutral

• Strongly Disagree

• Disagree

Poll

2 of the teamwork Fridays are a productive alternative use of class time and should be kept as they are.

• Strongly agree

• Agree

• Neutral

• Strongly Disagree

• Disagree

Open Ended

What is one thing that is working well in this class and you hope continues?

Open Ended

What are specific things that are not working well and should be changed?