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Question
The risks associated with pursuing a cost leadership strategy include all of the following except:A. Preoccupation with costs may lead a firm not to detect required product changes
B. The firm's products are likely to become targets for imitators
C. Efforts to cut costs could lead to unsafe products
D. Cost cutting could lead to products of very poor quality
E. Large investments could cause reluctance to change
Answer
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Related questions
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What is a strategic control system? What is the difference between feedforward and feedback controls?
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B. Means that some management decisions must be approved by a court
C. Is intended for companies that have lots of liquid assets but are locked into an unfair labor contract
D. Is most successful if an organization has very high debt levels
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Which of the following provides an opportunity for an organization to work out a plan for solving its financial problems under the supervision of a federal court?
A. Prepackaged reorganization strategy
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A. Chapter XI reorganization
B. Leveraged buyouts
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National cultures can be classified on their levels of Confucian dynamics. This means:
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B. The degree to which society draws strong distinctions between gender roles
C. The degree to which members of society accept uneven power distribution
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No strategy or organizational design works indefinitely.
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A strategic control system helps top managers evaluate organizational progress.
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Which structure combines the essential elements of the functional and divisional structures?
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B. Divisional
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Which functional area is largely responsible for spanning the boundary of the organization to interact with customers?
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What are the characteristics of a well-developed functional strategy?
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What is the resource-based view of the firm? What categories of resources does a firm possess?
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Enactment is the process of:
A. Responding to the environment
B. Evaluating the environment
C. Influencing the environment
D. Retreating from the environment
E. Ignoring the environment
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Corporate-level decisions are typically made by:
A. Low-level employees
B. The CEO and/or board of directors
C. Functional managers
D. Department heads
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Q:
Corporate strategy formulation deals primarily with:
A. How firms compete in the business areas they have selected
B. High-level financial analysis
C. The details of functional area strategies
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E. All of the above
Q:
Strategy formulation involves which of the following?
A. Corporate-level, business-level, and division-level strategy formulation
B. Functional-level, employee-level, and customer-level strategy formulation
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A. Employees
B. Stockholders
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Mergers are more likely to be successful if:
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B. They are friendly
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Synergy among businesses is created instantly if they are related to each other.
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Which of the following is an advantage of pursuing cost leadership?
A. Sales always increase with increasing amounts of output
B. Loss of sales does not reduce scale benefits
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Q:
For a differentiation strategy to be considered successful:A.The organization that is pursuing the differentiation must be highly innovativeB.Customers must be willing to pay more for the uniqueness of a product or service than the firm paid to create that uniquenessC.Loss of sales cannot reduce the benefits from economies of scaleD. The organization must invest heavily in differentiating its productsE. The organization that is pursuing differentiation must charge approximately the same price as its competitors but make a higher profit