Select best answer:

1. Arise when a company can take advantage of conditions in its environment to implement strategies for profit are called:

a. Salary improvement

b. Opportunities

c. Managers compensations

d. Threats

2. One of the factors that contribute to company failure:

a. The managerial innovation

b. The Icarux Paradox

c. Organizational development

d. The strategic commitments to professional development

3. Changing, Franchising and Horizontal merger are some of the components of:

a. Social responsibility industries

b. Fragmented industries

c. Global industries

d. Embryonic and growth industries

4. Patent expiration and generic competition in the pharmaceutical industry, it is called:

a. Bad business

b. Business disaster

c. Act of strategy

d. Threat

5. Internal analysis is concerned with identifying:

a. The strengths and weakness of the company

b. The strengths and possibilities of the company

c. The strengths and strategies of the company

d. The weakness and the human resources of the company

6. The process of strategy implementation include:

a. Designing, delivering, and supporting goods.

b. Eliminating the structure and control of rivals

c. Downloading the effectiveness of operations

d. Collaborating with customer organizations

7. Exploiting Economies of Scale and learning effects and adopting flexible manufacturing technologies are examples of:

a. Increase the nations' economies

b. Increase efficiency

c. Increase globalization

d. Increase stockholders' satisfactions

8. Superior quality can help a company:

a. Lower its costs, differentiate its products, and charge a premium price.

b. Lower its gains, differentiate its gains, and charge a premium price.

c. Increase its costs, differentiate its products, and charge a premium price.

d. Lower its negative strategy, differentiate its products, and charge a premium price.

9. Strategy is determined partly by market demand in:

a. Fragmented industries

b. Global industries

c. Asian industries

d. Embryonic and growth industries.

10. Dell, Southwest, Sony, Nucor Steel have been successful business operations during a period where many of its once larger competitors struggle, as the result of:

a. The US & Europe economic crisis

b. The actions of managers take to increase their company's performance.

c. The increase in Europe's consumption of goods and services.

d. The increase of China's consumption of steel.

11. To develop as successful business model, strategic managers must do one of the following:

a. Implement those business-level strategies, which also involves the use of functional-level strategies that increase responsiveness to customers.

b. Formulate European strategies that will allow a company to attract customers away from its competitors.

c. Formulate global strategies that will allow a company to attract customers in the Middle East.

d. Formulate business-level strategies that will allow a company to attract customers away from its competitors.

12. Industry analysis is vital in formulating a successful business model because it determines one of the following:

a. How existing companies will decide to change their business-level strategies to improve performance.

b. Whether or not established companies decide to leave.

c. Whether entrepreneurs can devise a business model that will allow them to decide going in bankruptcy

d. Whether entrepreneurs can devise a business model that will allow them to buy existing companies in the industry.