BUS 433 (Ashford) – New Business Strategy
Week 1,2,3,4 All Quizzes
BUS 433 Week 1 Quiz
1. Question: According to Porter, the diamond framework affects the competitiveness of ________ and ___________ as well as firms.
competitors, complementors
nations, regions
customers, suppliers
suppliers, competitors
2. Question: In new ventures, financial projections and risk analysis are part of a ___________.
strategic plan
corporate plan
business plan
loan plan
3. Question: Conventional wisdom argues that domestic competition is wasteful. It leads to __________ and prevents companies from achieving economies of scale . . .
duplication of effort
higher prices
fierce domestic competition
downgrading of the sources of competitive advantage
4. Question: In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained.
Trend analysis
Alternative scenarios
Delphi
Time series
5. Question: Comparative growth rates of nations in the major industrial nations after World War II was ___________.
normal
exceptional
negative
remained the same
6. Question: A firm that is considering doing business abroad must have a rationale and logic for how it can compensate for and overcome the liabilities and disadvantages that arise from its _______________.
strategies
vision
mission
foreignness
7. Question: The evolution of ___________ is a critical element in the formulation of a companys strategy.
resources
business strategy
corporate strategy
industry structures
8. Question: In the __________ stage of industry evolution, there is a shakeout among the competition.
embryonic
growth
maturity
decline
9. Question: _____ ensures _______s broad application.
invention, innovation
innovation, invention
innovation, exploitation
invention, exploitation
10. Question: The technology-push model of innovation starts with ___________.
discoveries in basic science and engineering
business venture
exploiting new technologies
development
BUS Week 2 Quiz
1.Question : The strategist should examine the ______ and ______ of an industry.
development, evolution
development, attractiveness
structure, development
structure, attractiveness
2. Question : ____________ sees the organization as a combination of resources, capabilities, and competencies.
IO economics
The RBV
The stakeholder view
The industrial economics view
3. Question : In a matrix structure, employees have _______ reporting arrangements.
multiple
single
dual
triple
4. Question : _________ theory explains how to scrutinize, investigate, and break down an organizations strengths and weaknesses.
Stakeholder
IO
Management
Macroenvironmental
5. Question : The most sensible choice if ones company cannot be the dominant player in its industry is to _____________.
scale economies
differentiate product
exit
increase capital
6. Question : __________ constrain the prices of industrys products.
New entrants
Existing rivals
Complementors
Substitutes
7. Question : Scale economies relate to
per-unit costs
selling prices
bargaining power of suppliers
bargaining power of customers
8. Question : Which of the following is NOT one of Porters five industry forces?
existing rivals
new entrants
complementors
substitutes
9. Question : By value, Porter essentially meant _______.
power
logistics
strength
profit
10. Question : ___________ provide access to new markets, give customers benefits, and are difficult for competitors to imitate.
Resources
Capabilities
Competencies
Core competencies
BUS 433 – Week 3 Quiz
1. Question : Corporate strategy deals with __________.
how the firm competes
the scope of the firm
role of each function
deciding what functions to perform
2. Question : ____________ are critical elements in successful M&As.
Management strategies
Synergies
Portfolio management
Diversification
3. Question : According to the BCG matrix, the strategy for _______ is to invest in them and increase their share of the firms overall business.
cash cows
stars
question marks
dogs
4. Question : A sensitivity analysis is based on
levels of awareness
different assumptions about motivations
organizational politics
all of the above
5. Question : ___________ movers take risks in anticipation of high returns.
First
Second
Third
Late
6. Question : ________ firms diversify to a minor degree, but typically no more than 30 percent.
Related-product
Conglomerate
Dominant-product
Single-product
7. Question : The ability to achieve new resource configurations is a _______________________.
core competence
dynamic capability
distinctive competence
capability
8. Question : Superior advantage in a ______ position comes from managing critical ________ well.
differentiated, cost drivers
differentiated, value drivers
low-cost, value driverz
low-cost, cost drivers
9. Question : Quick strategic moves that remake ________ and do not elicit adequate responses from rivals are crucial for success.
corporate strategies
business strategies
business models
value chains
10. Question : ______ emphasizes the importance of considering the timing of the moves of ones competitors with the timing of ones own moves.
Vision
Game theory
Mission
Value chain
BUS 433 – Week 4 – Quiz
1. Question : According to Porter, the diamond framework affects the competitiveness of ________ and ___________ as well as firms.
competitors, complementors
nations, regions
customers, suppliers
suppliers, competitors
2. Question : In new ventures, financial projections and risk analysis are part of a ___________.
strategic plan
corporate plan
business plan
loan plan
3. Question : Conventional wisdom argues that domestic competition is wasteful. It leads to __________ and prevents companies from achieving economies of scale . . .
duplication of effort
higher prices
fierce domestic competition
downgrading of the sources of competitive advantage
4. Question : In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained.
Trend analysis
Alternative scenarios
Delphi
Time series
5. Question : Comparative growth rates of nations in the major industrial nations after World War II was ___________.
normal
exceptional
negative
remained the same
6. Question : A firm that is considering doing business abroad must have a rationale and logic for how it can compensate for and overcome the liabilities and disadvantages that arise from its _______________.
strategies
vision
mission
foreignness
7. Question : The evolution of ___________ is a critical element in the formulation of a companys strategy.
resources
business strategy
corporate strategy
industry structures
8. Question : In the __________ stage of industry evolution, there is a shakeout among the competition.
embryonic
growth
maturity
decline
9. Question : _____ ensures _______s broad application.
invention, innovation
innovation, invention
innovation, exploitation
invention, exploitation
10. Question : The technology-push model of innovation starts with ___________.
discoveries in basic science and engineering
business venture
exploiting new technologies
development