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WorksheetsMgt 206: Quiz #1
Total questions: 25
Worksheet time: 25mins
The determination of the long run goals and objectives of an enterprise, the adoption of courses of action and the allocation of resources necessary for carrying out these goals
strategy
mission
vision
constraints
It is a level of strategy applied for the corporate head office
business strategy
functional strategy
corporate strategy
It is a level of strategy applied to segments/divisions/units.
business strategy
functional strategy
corporate strategy
It is concerned with how the firm competes within a particular industry or market... to win a business unit must adopt a strategy that establishes a competitive advantage over its rivals.
business strategy
functional strategy
corporate strategy
It is concerned with the detailed deployment of resources at the operational level
business strategy
functional strategy
corporate strategy
It is a Profit Strategy Approach wherein the firm is a coalition of interest groups—it seeks to balance their different objectives
customer approach
stakeholder approach
shareholder approach
management approach
It is a Profit Strategy Approach wherein the firm exists to maximize the wealth of its owners (= max. present value of profits over the life of the firm)
customer approach
stakeholder approach
shareholder approach
management approach
For the purposes of strategy analysis we assume that the primary goal of the firm is profit maximization.
true
false
Boards of directors legally obliged to pursue their personal interest.
true
false
To replace assets, firm must earn return on capital > cost of capital.
true
false
Strategy analysis is concerned with identifying and accessing the sources of profit available to the firm
true
false
It is a performance value metrics that uses Return on Capital, Growth (of revenues & operating
profits), Economic profit (EVA).
Shareholder value
Intrinsic value
Financial indicators
Value Drivers
It is a performance value metrics that uses Market value added (MVA).
Shareholder value
Intrinsic value
Financial indicators
Value Drivers
It is a performance value metrics that uses Scale economies
Innovation and Branding.
Shareholder value
Intrinsic value
Financial indicators
Value Drivers
It is a performance value metrics that uses Discounted Value.
Shareholder value
Intrinsic value
Financial indicators
Value Drivers
Attaining above normal profits comes from?
Avoiding competitors
Being a better competitor
All choices are correct
Competitive advantage comes from?
Avoiding competitors
Being a better competitor
All choices are correct
Differentiation Advantage comes from?
Avoiding competitors
Being a better competitor
All choices are correct
A competitive advantage wherein similar product is being offered but a lower cost.
Cost Advantage
Differentiation Advantage
Price Advantage
A competitive advantage wherein the price of the product being offered is high but the said product is unique.
Cost Advantage
Differentiation Advantage
Price Advantage
It is a curve showing that as the business age, the cost lowers but the qty of output produced increases.
Growth Curve
Experience Curve
Constant Curve
Demand Curve
Business strategy is not important for the success of a business.
True
False
Shareholder is the only stakeholder of a company.
True
False
The primary stakeholder of a corporation is the government.
True
False
The over-all strategy of a company is being set by the BODs.
True
False
