Corporate strategies quiz

DIVERSIFICATION IS AN EXAMPLE OF WHICH GROWTH STRATEGY?

• INTERNAL

• EXTERNAL

RETRENCHMENT STRATEGY SUPPORTS __________.

• TURNAROUND

• RESTRUCTURING

WHICH OF THESE IS AN EXPANSION STRATEGY?

• PROFIT

• INTERNATIONAL

STABILITY, GROWTH , RETRENCHMENT ARE TYPES OF WHICH STRATEGIES?

• BUSINESS

• CORPORATE

WHICH INTEGRATION OCCURS WHEN A PRODUCING FIRM STARTS UNDERTAKING THE MARKETING AND DISTRIBUTION OF THE SAME PRODUCT?

• FORWARD

• BACKWARD

Strategies are purposeful, precede the taking of actions to which they apply, and demonstrate a shared understanding of the firm’s vision and mission. This statement is true of false?

• True

• False

Business-level strategy is an integrated and coordinated set of commitments and actions the firm uses to gain a competitive advantage by exploiting core competencies in specific product markets. This statement is true or false?

• True

• False

Innovate is an example of ________ strategy

• Differentiation

• Cost Leadership

• Focused Cost Leadership

• Focused Differentiation

• Integrated Cost Leadership/ Differentiation

Which of the following defines what business or businesses the firm is in or should be in?

• Business strategy

• Corporate strategy

• Functional strategy

• National strategy

Which of the following is NOT a level of strategy?

• Corporate strategy

• Business strategy

• Tactical strategy