All five facets are interrelated. A) Explicit knowledge is about knowing how to do a certain task. a. a. Which of the following actions is LEAST likely to increase shareholder wealth? b. C) They are characterized by single reporting lines. Correct Answer It is the primary responsibility of top managers. C. They are concerned with the direction the organization is headed . C. related diversification. Which of the following is true of the work of individuals in a functional structure for implementing a cost leadership strategy? A group of managers is considering pricing strategy and differentiation. B) They reduce the possibilities of trust and commitment. 6. A. Business-level strategy B. Corporate-level strategy C. Alliance-based strategy D. Operational-level strategy. Expert Answer The answer should be C) Functional strategies are shaped by corporate strategy. Previous Next. 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. A) They enable the exchange of both tacit and explicit knowledge. The degree of competition for critical materials will be a key factor in the importance of supply management. 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. A niche strategy is most suitable for firms that have achieved economies of scale. Notes Video Quiz Paper exam CBE. Which of the following is true of a differentiation strategy? asked Sep 14, 2015 in Business by Nerdo. The strategic plan allows an organization to examine its resources, provides a financial plan and establishes the most appropriate action plan for increasing profits. "Improving the company's cash flow" is a good example of an effective objective. Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests b. True b. At which level of strategy are the managers most likely to … Asked 7/30/2014 6:23:44 PM. Share Tweet Share Pin Email Which of the following statements is true when marketing your business online? The corporate strategy adopted by the company is known as: A. concentration. Which of the following is TRUE about corporate culture? C) It cannot be changed. E) Corporate mission is … A company may require applicants to take a drug test even before a conditional job offer has been made. true : 1. Corporate-level strategy is concerned with ____ and how to manage these businesses. Financial objectives and corporate strategy. s. Log in for more information. Answer: Radio can reach audiences quickly. Updated 7/14/2018 1:22:10 AM. B) Corporate strategy is shaped by functional strategies. A cost-focus strategy is a low-cost, narrowly focused market strategy: true : t/f:15. a. 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. 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 is true? chapter 11 corporate performance governance and business ethics truefalse union and the general public are examples of internal stakeholders. D) External conditions are shaped by corporate mission. Which of the following statements is true? D) They cannot entail long negotiations. A) Corporate mission is shaped by functional strategies B) Corporate strategy is shaped by functional strategies C) Functional strategies are shaped by corporate strategy. 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. Which of the following statements is true of a corporate-level strategy? a. For successful business organizations, the only constant is _____. 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. A niche strategy involves removing extra frills from products. B) Explicit knowledge is knowledge that cannot be codified. Answer Save. a. B) Corporate mission is shaped by corporate strategy. True b. It requires aligning alliance objectives with the overall corporate strategy. 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 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. a. 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. A) Corporate mission is shaped by functional strategies. 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 Which of the following statements is TRUE? Advertising is a period cost and a plant manager’s salary is a period cost. Which of the following statements is true of a corporate-level strategy? Financial objectives and corporate strategy 1 / 1. C) Explicit knowledge is shared in non-equity alliance firms. A) It can direct employees' efforts toward goals. B. vertical integration. Measurement of advertising effectiveness is extremely important. An employer must disclose that a credit check is being made and obtain written consent from the person being checked. Business Strategies: Every firm needs to make plans, strategies, and policies to make business activities. c. Federal law forbids pharmacies from advertising prescription drug prices. They are concerned with how the organization is going to compete in a specific business or industry . Which of the following statements is true of explicit knowledge? Which of the following is TRUE about the Fair Credit Reporting Act? 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. 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? 52) Which of the following is true regarding television advertising? Which of the following statements is true when marketing your business online? Which of the following statements is true of joint ventures? B. D) External conditions are shaped by corporate mission. Correct Answer It is used to identify an organization’s strengths and weaknesses. asked Jun 15, 2016 in Business by Chelsea. Figure 10.1 "Corporate and Business Strategy" summarizes the distinction between business and corporate strategy. E. corporate. D) Equity knowledge is acquired only through actively participating in a process. E) Functional area missions are merged to become the organizational mission. A. Formulation, implementation and evaluation of a strategy Which of the following statement is TRUE about a Vision statement of a company? A. 54) Which of the following statements is true regarding radio? Answer: True 18. 53) Which of the following is true regarding print ads? D. A corporate strategy, for example, of P&G may be acquiring the major tissue paper companies in Canada to become the unquestionable market leader. C You’ll be seen by the same volume of customers whether you use search advertising or not . Which strategy is about how to compete successfully in particular markets? B) It is usually determined by outside forces. Correct Answer It outlines a division’s long-term goals. D) It is easy to change. - It outlines a division's long-term goals. They are concerned with the broad and more long-term issues of the organization . 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. Which of the following statements is true of a niche strategy? Which of the following statements about the communications objectives the company would have most likely used as part of this repositioning strategy is true? B You’ll reach a similar client base to the one you have in the real world . A You need a website to show up in search results . Answer: It is the best medium for action and image advertising. Which of the following statements is NOT true regarding corporate strategies? true : t/f:14. A niche strategy requires business firms to reduce after-purchase service options. Correct Answer It provides the framework within which functional managers operate. Strategy is important not only for aspiring Davids who need an offensive device to combat corporate Goliaths. The lower purchasing is on the organization chart, the less impact the supply function will have on corporate strategy. 59. MC Question 5 - September 2016 Specimen. False 19. The new name was designed to focus attention on the company's superior performance, financial strength, and its commitment to integrity and corporate responsibility. - It is the primary responsibility of top managers. true false answer change : 2. It offers direction toward future development is TRUE about an organization’s strategic vision statement. c. Corporate strategy focuses on the overall strategic plan, while business strategy focuses on implementing strategic decisions in each product market d. Answer: True 19. 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 True … E) It rarely affects newcomers in an organization. c. False 18. Question. More than one firm can compete successfully based on differentiation in an industry. A firm's corporate strategy is created annually and remains stable until the following year. A) Corporate strategy is shaped by functional strategies. C) Functional strategies are shaped by corporate strategy. b. Differentiation strategies based on distribution systems are generally unsuccessful. which of the following statements is true about organization strategic vision statement. More long-term issues of the following statements is true regarding corporate strategies these businesses removing extra frills from products long-term. 2016 in business by Chelsea c. 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