Quiz: IB-Lec-2


IB-Lec-2Online version IB-Lec-2 by joseph hanany 1 ________ is the framework that managers apply to determine the competitive moves and business approaches that run the company. a Competition b Growth c Strategy d Vision 2 Rather than an inspirational statement, a(n) ________ statement is meant to motivate people to act and specify the objectives that the firm needs to attain. a mission b vision c expectation d strategy 3 A ________ is a special outlook, skill, capability, or technology that runs through the firm's operations, weaving together all value activities into an integrated value chain. a core competency b value proposition c mission statement d learning curve 4 Using a concentrated configuration, an MNE performs value activities in different countries. a TRUE b FALSE 5 Phillip is an international business manager with Corbin Manufacturing. Which of the following serves as an external influence on the business decisions that Phillip makes? a production plant locations b host country monetary policy c supply chain linkages d product design standards 6 The framework that managers use to make decisions that maximize their companies' value creation performance is referred to as a strategy. a TRUE b FALSE 7 A(n) ________ outlines a firm's ultimate goal and its guiding values in broad terms. a mission b strategy c vision d imperative 8 Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm performance is also influenced by the presence of bright, motivated managers and their keen sense of innovative products or processes. a TRUE b FALSE 9 Which force in Toyota's immediate environment would most likely have the greatest impact on its strategy? a interest rate trends b technological developments c shifts in U.S. political attitudes d actions taken by Honda and Mercedes Benz 10 The industry organization (IO) paradigm reports that, on average, the BEST predictor of firm strategy is the ________. a company's stockpile of assets, skills, and capabilities b aggressiveness of a company's marketing objectives c link between a company's products and processes d structure of the industry in which it competes

1

________ is the framework that managers apply to determine the competitive moves and business approaches that run the company.

a

Competition

b

Growth

c

Strategy

d

Vision

2

Rather than an inspirational statement, a(n) ________ statement is meant to motivate people to act and specify the objectives that the firm needs to attain.

a

mission

b

vision

c

expectation

d

strategy

3

A ________ is a special outlook, skill, capability, or technology that runs through the firm's operations, weaving together all value activities into an integrated value chain.

a

core competency

b

value proposition

c

mission statement

d

learning curve

4

Using a concentrated configuration, an MNE performs value activities in different countries.

a

TRUE

b

FALSE

5

Phillip is an international business manager with Corbin Manufacturing. Which of the following serves as an external influence on the business decisions that Phillip makes?

a

production plant locations

b

host country monetary policy

c

supply chain linkages

d

product design standards

6

The framework that managers use to make decisions that maximize their companies' value creation performance is referred to as a strategy.

a

TRUE

b

FALSE

7

A(n) ________ outlines a firm's ultimate goal and its guiding values in broad terms.

a

mission

b

strategy

c

vision

d

imperative

8

Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm performance is also influenced by the presence of bright, motivated managers and their keen sense of innovative products or processes.

a

TRUE

b

FALSE

9

Which force in Toyota's immediate environment would most likely have the greatest impact on its strategy?

a

interest rate trends

b

technological developments

c

shifts in U.S. political attitudes

d

actions taken by Honda and Mercedes Benz

10

The industry organization (IO) paradigm reports that, on average, the BEST predictor of firm strategy is the ________.

a

company's stockpile of assets, skills, and capabilities

b

aggressiveness of a company's marketing objectives

c

link between a company's products and processes

d

structure of the industry in which it competes

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

IB-Lec-2

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IB-Lec-2Online version

by joseph hanany

________ is the framework that managers apply to determine the competitive moves and business approaches that run the company.

Rather than an inspirational statement, a(n) ________ statement is meant to motivate people to act and specify the objectives that the firm needs to attain.

A ________ is a special outlook, skill, capability, or technology that runs through the firm's operations, weaving together all value activities into an integrated value chain.

Using a concentrated configuration, an MNE performs value activities in different countries.

Phillip is an international business manager with Corbin Manufacturing. Which of the following serves as an external influence on the business decisions that Phillip makes?

The framework that managers use to make decisions that maximize their companies' value creation performance is referred to as a strategy.

A(n) ________ outlines a firm's ultimate goal and its guiding values in broad terms.

Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm performance is also influenced by the presence of bright, motivated managers and their keen sense of innovative products or processes.

Which force in Toyota's immediate environment would most likely have the greatest impact on its strategy?

The industry organization (IO) paradigm reports that, on average, the BEST predictor of firm strategy is the ________.

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