HRM141 - Strama with TQM

1. Which level of corporate strategy is concerned with the overall direction and scope of the entire organization?

• Corporate-level

• Business-level

• Functional-level

What type of decision typically falls under corporate-level strategy?

• Pricing strategy for a specific product

• Deciding whether to enter a new market

• Recruiting and training employees

When a company operates in multiple businesses, the corporate-level strategy focuses on:

• Maximizing profits in each individual business

• Achieving synergy and resource allocation across all businesses

• Competing directly with rivals in each industry

Which level of strategy is concerned with how a specific business unit competes within its industry?

• Corporate-level

• Business-level

• Functional-level

Examples of business-level strategies include:

• Cost leadership

• Product differentiation

• Both of the above

A company pursuing a growth strategy aims to:

• Maintain its current market share

• Expand its operations and revenue

• Reduce costs and improve efficiency

Which type of growth strategy involves acquiring other companies?

• Mergers and acquisitions

• Organic growth

• Joint ventures

A company with a vertical integration strategy aims to

• Diversify into new markets

• Control more of its supply chain

• Partner with competitors

Which strategic type focuses on offering a wide range of products or services to a broad customer base?

• Diversification

• Specialization

• Cost leadership

A company pursuing a concentration strategy focuses on:

• Entering multiple unrelated markets

• Strengthening its position in a specific market or product line

• Becoming a low-cost producer