Chapter 3 Quiz
Quiz
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Business
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University
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Semiha Ekici-Şimşek
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
The overall approach for how an organization will match internal strengths and weaknesses with external opportunities and threats is a(n) _______.
vision statement
business model
strategic plan
mission statement
2.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
What is used to identify a business's intended course, usually in broad terms?
Strategic goal
Strategy execution plan
Business model
Vision statement
3.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
What type of strategic planning would most likely take place at the departmental level?
Functional
Corporate
Vertical integration
Diversification
4.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
What type of strategy is being used when a company grows by entering new territorial markets?
Consolidation
Geographic expansion
Vertical integration
Functional
5.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
__________ is the competitive strategy of offering a product or service that is unique in its industry along dimensions that are widely valued by buyers.
Low-cost leadership
Focus
Vertical integration
Differentiation
6.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
What is the goal of effective human resource strategies?
To identify areas of differentiation to attract applicants to the organization
To gain competitive advantage in the recruitment and retention of employees
To ensure employees have the competencies needed to achieve organizational goals
To shape functional strategies based on employee competencies
7.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Managers use a _______, which includes desktop graphs and charts, to see a picture of how a company is doing on all metrics from the HR scorecard process.
benchmarking system
digital dashboard
workforce planning process
strategy map
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