\\{LICDLIUII 1.0 \\J. [JUIIIL] As firms grow larger, at some point they will need to ___________________ in order to continue to grow. O increase dividend payments to shareholders O divest themselves of profitable business units O seek out opportunities in other industries O retire their accumulating debt Question 14 (1 point) Corporate parents can create value for their organizations by providing 0 access to expensive funding O stringent guidelines for cross-selling O capital 0 stand alone accounting and legal services Question 15 (1 point) The source of a firm's competitive advantage is typically based on ______________ or O strengths, weaknesses 0 price, differentiation O product, diversity of offerings O tangible, intangible assets Question 22 (1 point) Horizontal integration is a growth strategy that results from _______________ 0 using leveraged buyouts during periods of high interest rates 0 combining strengths with weaknesses with those of a competitor O entering into joint ventures with firms in complementary industries 0 acquisitions and mergers within the same industry Question 23 (1 point) Firms pursuing a focused cost or differentiation strategy target _______________ 0 small to medium sized firms as potential customers 0 a broad range of consumers O a narrow niche of potential customers 0 profitable segments of competitor markets Question 24 (1 point) Of the six parenting strategies identified by the Boston Consulting Group, ____________________ leadership was found to be the preferred approach at many of the world's leading globally integrated companies 0 functional 0 hands on O divergent 0 hands off For e-business retailers pursuing a differentiated strategy, traditional differentiating factors are often not enough. ___________________ have been found to be other ways of differentiating products and services. 0 Price and a 1-800 number 0 Give aways and buy one get one strategies 0 Brand image and instruction manuals 0 Security and the website Question 8 (1 point) A cost leadership strategy can be more challenging for e-business because consumers can 0 pay more for better service 0 get around the security more easily 0 more easily make price comparisons O tweet poor service more easily Question 9 (1 point) One strategic option that is available to e-businesses but not to traditional businesses is ______________________ strategy 0 an imperial growth strategy 0 a combination of cost leadership and differentiation 0 high cost and low differentiation strategy 0 a focus Question 16 (1 point) The announcement by Starbucks on January 12, 2021 that it would close 300 stores in Canada is an example of a ______________________ strategy. 0 radical Q revisionist O retrenchment Q retrograde Question 17 (1 point) Strategic decision making at the corporate level focuses on two key issues: the _________________ for corporate development and the degree to which new activities are related to Q strategic importance, operational relatedness 0 future plans, past practice 0 impact on the budget, stakeholder priorities 0 satisfaction index, the core competencies of the organization Question 18 (1 point) One of the major drawbacks for e-businesses is the difficulty in _______________ Q establishing their brand 0 finding good lT help 0 maintaining their website 0 controlling costs Question 24 (1 point) Of the six parenting strategies identified by the Boston Consulting Group, ____________________ leadership was found to be the preferred approach at many of the world's leading globally integrated companies 0 functional 0 hands on Q divergent 0 hands off Question 25 (1 point) For a cost-leadership strategy to be effective, firms must achieve and 0 low per unit profit, high sales 0 moderate per unit profit, average sales 0 high efficiency, average differentiation 0 profitability, expenditure targets Diversification strategies that involve entering an industry unlike the firm's existing industry are _____________________ than entering an industry that has important similarities. 0 more likely to be successful 0 more interesting for the leadership 0 less challenging for the management 0 less likely to be successful Question 20 (1 point) In situations where the strategic importance of a new activity is very important but unrelated to current operations, the appropriate corporate response would be to 0 create a special business unit for the new activity 0 sell the unit 0 continue studying the situation 0 contract out the development Question 21 (1 point) Middle managers play an important role in __________________ business activities and in _______________ top management to support them. 0 identifying new, convincing O implementing, persuading O circumventing, colluding with O maintaining the current, engaging with Question 10 (1 point) Firms that choose to move down the value chain for their industry are engaged in 0 horizontal integration 0 profit seeking strategies 0 efficiency driven maneuvers O backward vertical integration Question 11 (1 point) An important difference between e-business and traditional business is in the of information on customer transactions that can be collected. 0 limited amount Question 12 (1 point) One of the things we know about large, complex firms is that they are _________________ . which suggests the firm could pursue ________________________. 0 usually American firms, foreign direct investment 0 resource-rich, opportunities in other areas 0 tough to manage, a matrix type organizational structure 0 quick to act, consensus decision making processes