Which of the following statements is true of a niche strategy? 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 Which strategy is about how to compete successfully in particular markets? E) It rarely affects newcomers in an organization. C. related diversification. Which of the following statements about the communications objectives the company would have most likely used as part of this repositioning strategy is true? Which of the following is TRUE about the Fair Credit Reporting Act? C) Functional strategies are shaped by corporate strategy. change : 2. More than one firm can compete successfully based on differentiation in an industry. D) External conditions are shaped by corporate mission. a. C) They are characterized by single reporting lines. Notes Video Quiz Paper exam CBE. A) Corporate mission is shaped by functional strategies. Which of the following actions is LEAST likely to increase shareholder wealth? 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. a. True b. C) It cannot be changed. A) It can direct employees' efforts toward goals. B) They reduce the possibilities of trust and commitment. Financial objectives and corporate strategy 1 / 1. D. Which of the following is TRUE about corporate culture? c. Answer: True 19. Strategy is important not only for aspiring Davids who need an offensive device to combat corporate Goliaths. A. Business-level strategy B. Corporate-level strategy C. Alliance-based strategy D. Operational-level strategy. 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. All five facets are interrelated. Answer: Print has archival value. Which of the following statements is true when marketing your business online? Correct Answer It is used to identify an organization’s strengths and weaknesses. False 19. Correct Answer It outlines a division’s long-term goals. Expert Answer The answer should be 52) Which of the following is true regarding television advertising? c. A niche strategy involves removing extra frills from products. The corporate strategy adopted by the company is known as: A. concentration. true : t/f:14. Which of the following statements is true of a corporate-level strategy? C You’ll be seen by the same volume of customers whether you use search advertising or not . True … Question. 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. E. corporate. A group of managers is considering pricing strategy and differentiation. B. vertical integration. asked Jun 15, 2016 in Business by Chelsea. Business Strategies: Every firm needs to make plans, strategies, and policies to make business activities. Answer: It is the best medium for action and image advertising. Asked 7/30/2014 6:23:44 PM. a. A corporate strategy, for example, of P&G may be acquiring the major tissue paper companies in Canada to become the unquestionable market leader. true : 1. 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.) A) Corporate mission is shaped by functional strategies B) Corporate strategy is shaped by functional strategies C) Functional strategies are shaped by corporate strategy. b. 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. Updated 7/14/2018 1:22:10 AM. a. E) Corporate mission is … It offers direction toward future development is TRUE about an organization’s strategic vision statement. A. Answer: True 18. The degree of competition for critical materials will be a key factor in the importance of supply management. b. Differentiation strategies based on distribution systems are generally unsuccessful. Answer: Radio can reach audiences quickly. Correct Answer It is the primary responsibility of top managers. A firm's corporate strategy is created annually and remains stable until the following year. Which of the following statements is TRUE? A) Explicit knowledge is about knowing how to do a certain task. 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 Previous Next. A. A) Corporate strategy is shaped by functional strategies. Which of the following statements is true? A) They enable the exchange of both tacit and explicit knowledge. Correct Answer It provides the framework within which functional managers operate. Which of the following is true? True b. 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. 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 a. B) Explicit knowledge is knowledge that cannot be codified. 59. A cost-focus strategy is a low-cost, narrowly focused market strategy: true : t/f:15. D) It is easy to change. Which of the following is true of the work of individuals in a functional structure for implementing a cost leadership strategy? Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests b. B) It is usually determined by outside forces. a. which of the following statements is true about organization strategic vision statement. An employer must disclose that a credit check is being made and obtain written consent from the person being checked. 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. C) Explicit knowledge is shared in non-equity alliance firms. 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. Which of the following statements is NOT true regarding corporate strategies? 53) Which of the following is true regarding print ads? Answer Save. False 18. A company may require applicants to take a drug test even before a conditional job offer has been made. B) Corporate mission is shaped by corporate strategy. They are concerned with how the organization is going to compete in a specific business or industry . Share Tweet Share Pin Email Which of the following statements is true when marketing your business online? B You’ll reach a similar client base to the one you have in the real world . C) Functional strategies are shaped by corporate strategy. Which of the following statements is true of explicit knowledge? For successful business organizations, the only constant is _____. A niche strategy is most suitable for firms that have achieved economies of scale. Formulation, implementation and evaluation of a strategy Which of the following statement is TRUE about a Vision statement of a company? 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. Advertising is a period cost and a plant manager’s salary is a period cost. Figure 10.1 "Corporate and Business Strategy" summarizes the distinction between business and corporate strategy. - It outlines a division's long-term goals. A. The strategic plan allows an organization to examine its resources, provides a financial plan and establishes the most appropriate action plan for increasing profits. D) Equity knowledge is acquired only through actively participating in a process. 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 is true of joint ventures? At which level of strategy are the managers most likely to … D) They cannot entail long negotiations. D) External conditions are shaped by corporate mission. Measurement of advertising effectiveness is extremely important. Financial objectives and corporate strategy. a. Which of the following is true of a differentiation strategy? B) Corporate strategy is shaped by functional strategies. 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. 54) Which of the following statements is true regarding radio? Corporate-level strategy is concerned with ____ and how to manage these businesses. It requires aligning alliance objectives with the overall corporate strategy. The new name was designed to focus attention on the company's superior performance, financial strength, and its commitment to integrity and corporate responsibility. C. They are concerned with the direction the organization is headed . c. Federal law forbids pharmacies from advertising prescription drug prices. A You need a website to show up in search results . - It is the primary responsibility of top managers. "Improving the company's cash flow" is a good example of an effective objective. true false answer A niche strategy requires business firms to reduce after-purchase service options. c. Corporate strategy focuses on the overall strategic plan, while business strategy focuses on implementing strategic decisions in each product market d. 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