Strategic Analysis
Exam Bank
Course Introduction
Strategic Analysis is a course designed to equip students with the skills and frameworks necessary to evaluate the internal and external environments of organizations. Through case studies, theoretical models, and practical applications, students learn to analyze industry competition, assess organizational strengths and weaknesses, and identify opportunities and threats in the market. The course emphasizes the development of strategic thinking and decision-making abilities, preparing students to formulate, implement, and adjust strategies that drive organizational success in a dynamic business landscape.
Recommended Textbook
Strategic Management and Competitive Advantage Concepts and Cases 5th Edition by Jay B.
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Chapter 1: What Is Strategy and the Strategic Management Process
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Sample Questions
Q1) The correlation between economic and accounting measures of competitive advantage is generally low.
A)True
B)False Answer: False
Q2) The greater the extent to which a firm's assumptions and hypotheses accurately describe how the competition in the industry is likely to evolve, and how that evolution can be exploited to earn a profit, the more likely it is that a firm will gain a competitive advantage from implementing its strategies.
A)True
B)False Answer: True
Q3) Liquidity ratios are ratios that focus on the firm's ability to meet its short-term financial obligations.
A)True
B)False Answer: True
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Chapter 2: Evaluating a Firms External Environment
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Sample Questions
Q1) ________ costs exist when customers make investments in order to use a firm's particular products or services.
A) First-mover-switching
B) Technological leadership-switching
C) Customer-switching
D) Process-switching
Answer: C
Q2) ________ make a wide variety of raw materials, labor and other critical assets available to firms.
A) Buyers
B) Rivals
C) Suppliers
D) Substitutes
Answer: C
Q3) Mature industries are characterized by
A) an increase in total industry demand.
B) faster increases in production capacity.
C) a slowdown in the introduction of new products or services.
D) a decrease in the amount of international competition.
Answer: C
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Chapter 3: Evaluating a Firms Internal Capabilities
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Sample Questions
Q1) Computer hardware and software technology, robots used in manufacturing and automated warehouses are examples of which type of resources?
A) financial resources
B) physical resources
C) human resources
D) organizational resources
Answer: B
Q2) When tacit cooperation has the effect of reducing supply and increasing prices, it is known as
A) monopolistic competition.
B) explicit collusion.
C) competitive parity.
D) tacit collusion.
Answer: D
Q3) The value chain model developed by McKinsey and Company divides value-creating activities into two large categories: primary activities and secondary activities.
A)True
B)False
Answer: False
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Chapter 4: Cost Leadership
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Sample Questions
Q1) Cost advantages based on learning-curve economies are
A) rare, but they usually are not costly to duplicate.
B) costly to duplicate, but they usually are not rare.
C) both rare and usually costly to duplicate.
D) not rare and usually are not costly to duplicate.
Q2) The best example of a firm following a cost-leadership business strategy is
A) Mercedes Benz.
B) Macy's.
C) Ryanair.
D) Rolls Royce.
Q3) ________ levels of production are associated with ________ levels of employee specialization.
A) High, high
B) High, low
C) Low, high
D) Low, moderate
Q4) A cost-leadership competitive strategy can reduce both the threat of substitutes and the threat of suppliers that a firm may face.
A)True
B)False
Page 6
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Chapter 5: Product Differentiation
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Sample Questions
Q1) McDonald's is an excellent example of a firm that simultaneously employs both a product-differentiation and a cost-leadership strategy since their product differentiation based on cleanliness, consistency and fun in its fast food outlets allowed the company to become the market share leader in the industry and to reduce its costs.
A)True
B)False
Q2) Is it possible for a firm to implement a cost-leadership and product-differentiation strategy simultaneously?
Q3) Recent research shows that firms can simultaneously implement cost-leadership and product-differentiation strategies if they learn how to manage the ________ inherent in these two strategies.
A) consistencies
B) similarities
C) contradictions
D) superfluousness
Q4) Timing-based product differentiation relies solely on being a first mover.
A)True
B)False
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Chapter 6: Vertical Integration
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Sample Questions
Q1) Once a firm has vertically integrated it has committed its organizational structure, its management controls, and its compensation policies to a particular vertically integrated way of doing business and it has enhanced its flexibility.
A)True
B)False
Q2) Which organizational structure is used to implement a vertical integration strategy?
A) matrix
B) functional
C) multidivisional
D) product-divisional
Q3) To the extent that other firms may have competitive advantages in business activities that a firm is considering to enter through vertical integration, vertically integrating into these activities could put the firm at a
A) competitive advantage.
B) temporary dynamic disadvantage.
C) sustainable competitive advantage.
D) competitive disadvantage.
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Chapter 7: Corporate Diversification
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Sample Questions
Q1) In order for corporate diversification to be economically valuable there must either be some valuable economy of scope among the multiple businesses in which a firm is operating or it must be less costly for managers in a firm to realize these economies of scope than for an outside equity holder on his or her own.
A)True
B)False
Q2) When a firm operates in multiple industries simultaneously, it is said to be implementing a
A) product diversification strategy.
B) product-differentiation strategy.
C) geographic market diversification strategy.
D) geographic market differentiation strategy.
Q3) A dominant-business firm is pursuing a related diversification strategy and has between 70 and 95 percent of firm revenues from a single business.
A)True
B)False
Q4) Identify two potential substitutes for corporate diversification and discuss how each can provide benefits similar to corporate diversification.
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Chapter 8: Organizing to Implement Corporate
Diversification
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Sample Questions
Q1) The divisions of an M-form organization are True
A) profit-and-loss centers.
B) functional units.
C) matrix teams.
D) organic structures.
Q2) Transfer pricing should equal
A) selling price.
B) opportunity cost.
C) total cost.
D) marginal cost.
Q3) Which of the following statements regarding institutional investors is accurate?
A) Institutional investors tend to be more interested in maximizing the short-term value of their portfolios than in the long-term performance of firms in those portfolios.
B) High levels of institutional ownership are negatively related to the level of R&D in a firm.
C) High levels of institutional ownership have a strong, positive relationship with the level of R&D in a firm.
D) High levels of institutional ownership lead firms to sell strategically unrelated businesses.
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Chapter 9: Strategic Alliances
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Sample Questions
Q1) Sometimes the value of cheating in a joint venture is sufficiently large that a firm cheats even though doing so hurts the joint venture and forecloses future opportunities.
A)True
B)False
Q2) eBay's agreement with MBNA is most accurately characterized as a(n)
A) supply agreement.
B) licensing agreement.
C) equity alliance.
D) joint venture.
Q3) Discuss when firms go it alone and identify three conditions under which alliances will be preferred to going it alone and when going it alone is not an attractive substitute for an alliance.
Q4) A learning race exists in a strategic alliance when both parties seek to learn from each other.
A)True
B)False
Q5) Define a strategic alliance and identify and differentiate between three broad categories of strategic alliances.
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Chapter 10: Mergers and Acquisitions
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Sample Questions
Q1) In all acquisitions bidding, firms will be willing to pay a price for a target up to the value that the firm adds to the bidder once it is acquired.
A)True
B)False
Q2) ________ firms typically raise money from numerous smaller investors, which they then invest in a portfolio of entrepreneurial firms.
A) Business angel
B) Venture capital
C) Closely held
D) Private equity
Q3) To be economically valuable, links between bidding and target firms must meet the same criteria as diversification strategies.
A)True
B)False
Q4) According to the Federal Trade Commission, a firm engages in a horizontal merger when it acquires former suppliers or customers.
A)True
B)False
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Chapter 11: International Strategies
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Sample Questions
Q1) Learning from international operations is automatic.
A)True
B)False
Q2) Differences in tastes can be a major challenge for firms looking to sell their products or services outside the domestic market.
A)True
B)False
Q3) In 2012, more than 50 percent of General Motor's automobile sales came from outside the United States.
A)True
B)False
Q4) Government upheaval and the attendant risks to international firms are facts of life in some countries.
A)True
B)False
Q5) Gaining access to new customers is, perhaps, the most traditional reason why firms begin international operations.
A)True
B)False
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