BAM 221 Midterms Exam

What is the main focus of corporate-level strategy?

• Maximizing the efficiency of functional departments

• Establishing the overall direction of the organization

• Managing competitive positions of individual business units

• Responding reactively to environmental changes

Which of the following is an example of a retrenchment strategy?

• Expanding product lines

• Entering new industries

• Cutting operational expenses

• Improving existing products

Which type of strategy focuses on enhancing competitive positions in specific industries?

• Business-level strategy

• Corporate-level strategy

• Functional-level strategy

• None of the above

Which business unit is NOT under Jollibee Foods Corporation?

• Greenwhich

• Chowking

• Burger King

• McDonald's

Functional-level strategy refers to strategies applied at which level of an organization?

• Corporate headquarters

• Specific departments like marketing or operations

• Competitive positioning of business units

• Product development strategy

7-Eleven's expertise in selecting profitable locations is an example of which level of strategy?

• Corporate-level strategy

• Business-level strategy

• Functional-level strategy

• Strategic type

Which strategic type prioritizes efficiency and cost-effective methods?

• Defenders

• Prospectors

• Analyzers

• Reactors

Which strategic type heavily focuses on innovation and has a high appetite for risk?

• Defenders

• Prospectors

• Analyzers

• Reactors

Which strategic type aims to strike a balance between efficiency and innovation?

• Defenders

• Prospectors

• Analyzers

• Reactors

Firms that lack structure, consistency, and efficiency fall under which strategic type?

• Defenders

• Prospectors

• Analyzers

• Reactors