QTCL (T-F)

Strategy is a set of related actions that managers take to increase their company’s performance

• T

• F

Company A,B are in the retail industry, both target niche market but company A tries to customize its offering to the needs of that niche through the addition of features and functions while company B tries to be the low-cost player in that niche, in this case, we say company A is pursuing a board differentiation strategy, company B is pursuing a board low cost strategy

• T

• F

Strategy formulation is the task of putting strategies into action, which include designing, delivering, and supporting products, improving the efficiency and effectiveness of operations; and designing a company’s organizational structure, control systems and culture

• T

• F

Answer explanation

định nghĩa của implementation strategy

Company A, B are in the retail industry, both target a board market but company A concentrates on lowering its costs so that it can lower prices and still make a profit whereas company B tries to differentiate their product in some way, such as recognizing different segments and offer different product to each one, in this case, we say company A is pursuing a board low cost strategy, company B is pursuing a board differentiation strategy

• T

• F

The choice between decentralization and centralization depends on the type of decision and the firm’s strategy. When local adaptation is important, decentralization is typically favored. When the realization of economies of scale is an important factor, there tends to be greater centralization.

• T

• F

Answer explanation

Ngược lại mới đúng

The functional structure is suitable for diversified enterprises whereas the multidivisional structure is suitable for single enterprises 

• T

• F

Functional managers are responsible for a particular business function or operation, they lack general management responsibilities and thus they do not play a strategic role

• T

• F

Strategy is about the search for competitive advantage

• T

• F

The central purpose of SWOT analysis is to identify the strategies to exploit external opportunities, counter threats, build on and protect company strengths, and eradicate weaknesses.

• T

• F

When managers decide to ignore different segments and produce a standardized product for the average consumer, we say they are pursuing a focus strategy.

• T

• F