All five facets are interrelated. B) Corporate strategy is shaped by functional strategies. true : 1. a. False 18. D) External conditions are shaped by corporate mission. Question. It requires aligning alliance objectives with the overall corporate strategy. Answer Save. Answer: It is the best medium for action and image advertising. A. The new name was designed to focus attention on the company's superior performance, financial strength, and its commitment to integrity and corporate responsibility. B) They reduce the possibilities of trust and commitment. "Improving the company's cash flow" is a good example of an effective objective. B) Corporate mission is shaped by corporate strategy. a. Before an entrepreneur can build a successful strategy, they must establish a clear mission, goals, and objectives in order to have appropriate targets at which to aim their strategy. Which of the following statements is true of a niche strategy? E. corporate. Correct Answer It outlines a division’s long-term goals. D) They cannot entail long negotiations. Which of the following actions is LEAST likely to increase shareholder wealth? False 19. Which of the following statements is true? Strategy is important not only for aspiring Davids who need an offensive device to combat corporate Goliaths. 52) Which of the following is true regarding television advertising? MC Question 5 - September 2016 Specimen. C) Explicit knowledge is shared in non-equity alliance firms. A group of managers is considering pricing strategy and differentiation. Which of the following is TRUE about corporate culture? In order to reduce production costs, Seuss Inc., an automobile manufacturer, decided to buy out a glass plant and begin manufacturing the glass for the windows of cars on its own. It offers direction toward future development is TRUE about an organization’s strategic vision statement. Financial objectives and corporate strategy. Correct Answer It provides the framework within which functional managers operate. Answer: True 19. Asked 7/30/2014 6:23:44 PM. A) Corporate mission is shaped by functional strategies. Which of the following statements is true of a corporate-level strategy? 59. A. A company may require applicants to take a drug test even before a conditional job offer has been made. chapter 11 corporate performance governance and business ethics truefalse union and the general public are examples of internal stakeholders. a. true : t/f:14. C) It cannot be changed. Which of the following is true of the work of individuals in a functional structure for implementing a cost leadership strategy? Which of the following is TRUE about the Fair Credit Reporting Act? which of the following statements is true about organization strategic vision statement. At which level of strategy are the managers most likely to … Strategy development involves studying the alliance’s feasibility, objectives, and rationale; it also entails focusing on the major issues and challenges and development of resource strategies for production, technology, and people. B. vertical integration. A) Corporate strategy is shaped by functional strategies. It concentrates on future It defines the customers It identify critical processes It informs about the desired level of performance Which of the following is NOT a component of external environment analysis? Which of the following statements about the communications objectives the company would have most likely used as part of this repositioning strategy is true? A) Explicit knowledge is about knowing how to do a certain task. A corporate strategy, for example, of P&G may be acquiring the major tissue paper companies in Canada to become the unquestionable market leader. Which of the following statements is true of joint ventures? Answer: Radio can reach audiences quickly. A niche strategy requires business firms to reduce after-purchase service options. Business Strategies: Every firm needs to make plans, strategies, and policies to make business activities. c. A niche strategy involves removing extra frills from products. Previous Next. The strategic plan allows an organization to examine its resources, provides a financial plan and establishes the most appropriate action plan for increasing profits. a. a strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines b. a strategy at the business-unit or product-line level that focuses on improving a firm's competitive position c. a strategy by which managers in specific areas decide how best to achieve corporate goals Which of the following statements is TRUE? asked Sep 14, 2015 in Business by Nerdo. A. Business-level strategy B. Corporate-level strategy C. Alliance-based strategy D. Operational-level strategy. Expert Answer The answer should be They are concerned with how the organization is going to compete in a specific business or industry . b. Differentiation strategies based on distribution systems are generally unsuccessful. A firm that possesses a valuable and rare resource will not gain a competitive advantage unless it can actually put that resource to effective use. Share Tweet Share Pin Email Which of the following statements is true when marketing your business online? b. An employer must disclose that a credit check is being made and obtain written consent from the person being checked. D. C You’ll be seen by the same volume of customers whether you use search advertising or not . C) Functional strategies are shaped by corporate strategy. E) It rarely affects newcomers in an organization. A firm's corporate strategy is created annually and remains stable until the following year. Which of the following statements is NOT true regarding corporate strategies? a. D) External conditions are shaped by corporate mission. Correct Answer It is the primary responsibility of top managers. True … A) It can direct employees' efforts toward goals. s. Log in for more information. The degree of competition for critical materials will be a key factor in the importance of supply management. change : 2. Formulation, implementation and evaluation of a strategy Which of the following statement is TRUE about a Vision statement of a company? D) Equity knowledge is acquired only through actively participating in a process. Financial objectives and corporate strategy 1 / 1. A cost-focus strategy is a low-cost, narrowly focused market strategy: true : t/f:15. Corporate strategy defines the scope of a firm’s structure, while business strategy emphasizes the relationship of each business with its environment (state, regulators, etc.) C. related diversification. Updated 7/14/2018 1:22:10 AM. a. Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests b. Advertising is a period cost and a plant manager’s salary is a period cost. A. they will be allowed to make autonomous decisions B. their work will be self-managed C. it will be controlled by highly formalized rules and procedures D. there will be few formalized rules and procedures The lower purchasing is on the organization chart, the less impact the supply function will have on corporate strategy. The strategy diamond lets you summarize the characteristics of a firm’s business and corporate strategy in terms of five facets—arenas, differentiators, vehicles, staging and pacing, and economic logic. For successful business organizations, the only constant is _____. c. Corporate strategy focuses on the overall strategic plan, while business strategy focuses on implementing strategic decisions in each product market d. Which of the following is true? B. Measurement of advertising effectiveness is extremely important. E) Functional area missions are merged to become the organizational mission. Figure 10.1 "Corporate and Business Strategy" summarizes the distinction between business and corporate strategy. Notes Video Quiz Paper exam CBE. 54) Which of the following statements is true regarding radio? The corporate strategy adopted by the company is known as: A. concentration. A. True b. Which strategy is about how to compete successfully in particular markets? Which of the following statements is true of explicit knowledge? D) It is easy to change. a. 6. C) Functional strategies are shaped by corporate strategy. Which of the following statements is true of a corporate-level strategy? A You need a website to show up in search results . True b. Corporate-level strategy is concerned with ____ and how to manage these businesses. Which of the following statements is true when marketing your business online? 53) Which of the following is true regarding print ads? They are concerned with the broad and more long-term issues of the organization . a. B) Explicit knowledge is knowledge that cannot be codified. Answer: True 18. Answer: Print has archival value. Definition: Strategy Formulation is an analytical process of selection of the best suitable course of action to meet the organizational objectives and vision.It is one of the steps of the strategic management process. The corporate-level strategy is the set of strategic alternatives from which an organization chooses as it manages its operations simultaneously across several industries and several markets. C. They are concerned with the direction the organization is headed . C) They are characterized by single reporting lines. which of the following is true - corporate strategies are shaped by corporate strategy - functional area missions are merged to become the organizational mission-external conditions are shaped by corporate mission - corporate mission is shaped by functional strategies. More than one firm can compete successfully based on differentiation in an industry. Project managers who understand the role that their project plays in accomplishing the organization's strategy are able to do all of the following EXCEPT Be able to focus on problems or solutions, even if the project is a low priority strategically. A) Corporate mission is shaped by functional strategies B) Corporate strategy is shaped by functional strategies C) Functional strategies are shaped by corporate strategy. E) Corporate mission is … - It is the primary responsibility of top managers. c. Federal law forbids pharmacies from advertising prescription drug prices. - It outlines a division's long-term goals. B You’ll reach a similar client base to the one you have in the real world . Correct Answer It is used to identify an organization’s strengths and weaknesses. Which of the following is true of a differentiation strategy? asked Jun 15, 2016 in Business by Chelsea. c. A niche strategy is most suitable for firms that have achieved economies of scale. B) It is usually determined by outside forces. A) They enable the exchange of both tacit and explicit knowledge. Apply sanctions on management when appropriate c. Hire, fire, and compensate the CEO d. Develop the company's competitive strategy e. Make sure the audited financial statements present a true picture of the company's financial situation true false answer The degree of competition for critical materials will be a key factor in the importance of supply.... 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