1. Tomorrow will be: a. a good day for planning your next visit to Las Vegas b. a good day for a dozen In-and-Out Double-Double hamburgers, with an order of curly fries c. a good day for lounging on the beach in Northern California's Fall sunshine d. a good day for scoring tickets to Cirque du Soleil's new production, Amaluna, in San Francisco e. another great day for business Strategy! 2. In Porter's Five Forces model, a. the power of suppliers includes influential decisions made by government and regulatory agendes. b. the power of buyers includes retailers, wholesalers, and distributors. c. the power of substitutes includes all products manufactured at low cost. d. the power of new entrants includes influential decisions made by first-time customers. e. "a" and "b" are correct 3. A relied or emergent strategy a. lacks careful thought and planning, and should be avoided. b. results from modifications to intended strategy based upon implementation experience. C. appears chaotic to stakeholders, but faith in leaders will help make it successful d, results from tactics shaping strategy." e, "b" and "d" are correct. 4. In using the Business Model Canvas (BMC) to evaluate a business strategy, it's best to begin your analyses with a. revenue streams and cost structures b. key resources and key activities C. value propositions and customer segments d. customer relationships and key partnerships e. ...doesn't matterBegin anywhere. 5. From the case about Chipotle we learn that: a. following contaminations in its food supply, Chipotle has reorganized under a diferent brand name - Big Burrito to avoid bankrupt b. Chipotle's business model calls for using locally sourced and organic ingredients while trying to keep prices competitive. c. Chipotle's market potential is global, but Chipotle today operates only in the western US. d. The Chipotle brand is an unprecedented success due to ongoing support by its parent company, McDonald's. e. Chipotle's value proposition, "less for more," is not advertised well to consumers. 6. TOWS analysis can help us a. link a company's current strengths to future opportunities b. improve forecasting and decision-making c. measure Time and Opportunity for Work Strategies in decision-making d. perform SWOT analysis in reverse order e. "a" and "b" are correct 7. To grow its business, Starbucks in 1996 opened its first coffeehouse outside the US in Tokyo, Japan. Here Starbucks offered the cont drinks it made popular originally in the US. This strategy is known as a. product development b. market penetration c. market development d. foreign exchange e. diversification 8. In applying design thinking, ideate most likely would include a. implementing a new competitive pricing strategy for the client. b. Interviewing the dient's current managers and key customers. C. brainstorming to suggest improved service features. declan for testing by the client d. prototyping a new product design for testing by the client. e. "c" and "d" are correct