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Exam 5: Strategies in Action

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Question 31

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Most companies favor related diversification strategies in order to exploit common use of a well-known brand name.

A) True
B) False

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Question 32

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Divestiture would be an appropriate strategy when a need exists to introduce a new technology quickly.

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Question 33

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First mover advantage refers to the benefits a firm may achieve by entering a new market or developing a new product or service prior to rival firms.

Which strategy would be effective when the stockholders of a firm can minimize their losses by selling the organization's assets.

Adding new, unrelated products or services is called

Cooperative arrangements and joint ventures between competitors are becoming increasingly popular.

A growing trend is for franchisers to buy out their part of the business from their franchisees.

Which strategy should an organization use if it competes in a no-growth or a slow-growth industry.

Morgan Stanley's building of a casino in Atlantic City is a good example of related diversification.

When companies take over functional operations of other firms, such as human resources, information systems, payroll, accounting, or customer service, this is called

Name at least six reasons for performing mergers or acquisitions.

Financial objectives involve all of the following except:

If a firm's present suppliers are expensive and unreliable in meeting the firm's needs for parts, components and/or raw materials, the firm should pursue a horizontal integration strategy.

Chapter 11 bankruptcy filings fell to a 10-year low in 2006.

Which strategy generally entails large research and development expenditures?

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

Market development includes introducing present products into new geographic areas.

Although expanding, Ford has greater sales inside the U.S. than abroad.

Selling all of a company's assets in parts for their tangible worth is called

Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins and improved cash flow.