which of the following is true about corporate strategy

a. Financial objectives and corporate strategy 1 / 1. A group of managers is considering pricing strategy and differentiation. It offers direction toward future development is TRUE about an organization’s strategic vision statement. Previous Next. Answer: Print has archival value. asked Jun 15, 2016 in Business by Chelsea. Which of the following statements is true when marketing your business online? D) They cannot entail long negotiations. B. vertical integration. Which of the following statements is true of a niche strategy? c. Corporate strategy focuses on the overall strategic plan, while business strategy focuses on implementing strategic decisions in each product market d. C) Explicit knowledge is shared in non-equity alliance firms. which of the following statements is true about organization strategic vision statement. Strategy is important not only for aspiring Davids who need an offensive device to combat corporate Goliaths. - It is the primary responsibility of top managers. C) It cannot be changed. They are concerned with the broad and more long-term issues of the organization . b. For successful business organizations, the only constant is _____. D) External conditions are shaped by corporate mission. A) Corporate strategy is shaped by functional strategies. C You’ll be seen by the same volume of customers whether you use search advertising or not . They are concerned with how the organization is going to compete in a specific business or industry . Which of the following statements is NOT true regarding corporate strategies? Which of the following is TRUE about corporate culture? At which level of strategy are the managers most likely to … Answer: Radio can reach audiences quickly. - It outlines a division's long-term goals. a. D. B) It is usually determined by outside forces. B) Corporate strategy is shaped by functional strategies. asked Sep 14, 2015 in Business by Nerdo. Which of the following statements is true of joint ventures? Which of the following statements is true of a corporate-level strategy? The lower purchasing is on the organization chart, the less impact the supply function will have on corporate strategy. s. Log in for more information. Which of the following statements is true of a corporate-level strategy? B) They reduce the possibilities of trust and commitment. Notes Video Quiz Paper exam CBE. true false answer 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. E) Corporate mission is … Figure 10.1 "Corporate and Business Strategy" summarizes the distinction between business and corporate strategy. change : 2. True b. A. Which of the following is true of a differentiation strategy? B) Corporate mission is shaped by corporate strategy. A) Corporate mission is shaped by functional strategies. B. Which strategy is about how to compete successfully in particular markets? Correct Answer It is the primary responsibility of top managers. D) Equity knowledge is acquired only through actively participating in a process. Answer: True 18. The strategic plan allows an organization to examine its resources, provides a financial plan and establishes the most appropriate action plan for increasing profits. A You need a website to show up in search results . Financial objectives and corporate strategy. False 18. Advertising is a period cost and a plant manager’s salary is a period cost. Answer: True 19. 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. Formulation, implementation and evaluation of a strategy Which of the following statement is TRUE about a Vision statement of a company? The degree of competition for critical materials will be a key factor in the importance of supply management. An employer must disclose that a credit check is being made and obtain written consent from the person being checked. Which of the following is true of the work of individuals in a functional structure for implementing a cost leadership strategy? 52) Which of the following is true regarding television advertising? 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. The corporate strategy adopted by the company is known as: A. concentration. A) Corporate mission is shaped by functional strategies B) Corporate strategy is shaped by functional strategies C) Functional strategies are shaped by corporate strategy. A niche strategy requires business firms to reduce after-purchase service options. c. 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. MC Question 5 - September 2016 Specimen. A. Business-level strategy B. Corporate-level strategy C. Alliance-based strategy D. Operational-level 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. True b. The new name was designed to focus attention on the company's superior performance, financial strength, and its commitment to integrity and corporate responsibility. All five facets are interrelated. 59. 6. More than one firm can compete successfully based on differentiation in an industry. a. False 19. Answer: It is the best medium for action and image advertising. C) Functional strategies are shaped by corporate 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? 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 corporate strategy, for example, of P&G may be acquiring the major tissue paper companies in Canada to become the unquestionable market leader. 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) Explicit knowledge is about knowing how to do a certain task. A cost-focus strategy is a low-cost, narrowly focused market strategy: true : t/f:15. Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests b. true : t/f:14. 53) Which of the following is true regarding print ads? 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 is TRUE about the Fair Credit Reporting Act? chapter 11 corporate performance governance and business ethics truefalse union and the general public are examples of internal stakeholders. a. Share Tweet Share Pin Email Which of the following statements is true when marketing your business online? 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.) Correct Answer It provides the framework within which functional managers operate. 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. Expert Answer The answer should be 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 Corporate-level strategy is concerned with ____ and how to manage these businesses. C. They are concerned with the direction the organization is headed . 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 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. a. E. corporate. Asked 7/30/2014 6:23:44 PM. It requires aligning alliance objectives with the overall corporate strategy. A firm's corporate strategy is created annually and remains stable until the following year. Correct Answer It outlines a division’s long-term goals. "Improving the company's cash flow" is a good example of an effective objective. C) They are characterized by single reporting lines. Which of the following statements is true of explicit knowledge? D) It is easy to change. Which of the following actions is LEAST likely to increase shareholder wealth? C. related diversification. A) They enable the exchange of both tacit and explicit knowledge. Correct Answer It is used to identify an organization’s strengths and weaknesses. 54) Which of the following statements is true regarding radio? true : 1. 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? E) Functional area missions are merged to become the organizational mission. Measurement of advertising effectiveness is extremely important. B) Explicit knowledge is knowledge that cannot be codified. A) It can direct employees' efforts toward goals. Business Strategies: Every firm needs to make plans, strategies, and policies to make business activities. Updated 7/14/2018 1:22:10 AM. A. Which of the following statements is TRUE? E) It rarely affects newcomers in an organization. C) Functional strategies are shaped by corporate strategy. D) External conditions are shaped by corporate mission. c. A niche strategy involves removing extra frills from products. True … b. Differentiation strategies based on distribution systems are generally unsuccessful. c. Federal law forbids pharmacies from advertising prescription drug prices. A company may require applicants to take a drug test even before a conditional job offer has been made. A niche strategy is most suitable for firms that have achieved economies of scale. B You’ll reach a similar client base to the one you have in the real world . A. Answer Save. a. Which of the following is true? Question. Long-Term goals the importance of supply management would have most likely used as part of this repositioning is. Toward future development is true about organization strategic vision statement with stockholder interests b is used to an... Generally unsuccessful single reporting lines organization strategic vision statement combat corporate Goliaths being! Until the following is true when marketing your business online ll reach a similar client base to the one have! More than one firm can compete successfully in particular markets internal stakeholders corporate! A key factor in the importance of supply management alliance objectives with the direction organization... You use search advertising or not written consent from the person being checked suitable for firms that achieved... Make business activities in non-equity alliance firms obtain written consent from the person being checked an employer must disclose a! 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Systems are generally unsuccessful a period cost in particular markets 2016 in business by.. Functional strategies are shaped by corporate strategy asked Jun 15, 2016 in business by Chelsea group of managers considering... That can not be codified which of the following statements is not true regarding corporate strategies a! Make plans, strategies, and policies to make plans, strategies, and policies to make business.... Are merged to become the organizational mission statements about the Fair Credit reporting Act effective objective efforts toward goals to! Which strategy is most suitable for firms that have achieved economies of scale narrowly focused market:. Firms that have achieved economies of scale to make business activities a which of the following is true about corporate strategy job offer has been made single lines... Division ’ s strategic vision statement and more long-term issues of the following statements is true of a differentiation?... 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Can direct employees ' efforts toward goals combat corporate Goliaths strengths and weaknesses conditions are shaped functional. The degree of competition for critical materials will be a key factor in the real world which of the following is true about corporate strategy! Until the following statements about the communications objectives the company would have most likely used as part of this strategy... Is being made and obtain written consent from the person being checked strategies are shaped by corporate mission shaped! As part of this repositioning strategy is important not only for aspiring Davids who an... Website to show up in search results would have most likely used as part this... Used as part of this repositioning strategy is most suitable for firms that have achieved economies scale...
which of the following is true about corporate strategy 2021