Question

Question Completion Status: B. C In this section, you will have both true/false and matching questions. The questions will be on with the best answer. N. Formulating a strategy is the first step in are planning process. Jamye is attempting to create a group of decisions that correlate Mission Staten with achieving a goal, appropriate a plan of action, and how resources should be used for this goal; she is creating a True It Kela and her board team are attempting to decide the organizations Business Strategi mission, strategy, and structure. This is called a... Business Plan Tyrell is attempting to figure out a statement that declares his A businesses purpose and ddistinguishes that purpose from Time Horizon comcompetitors. He is looking to create Strategy Richard is attempting to enter a new industry to create a competitive advantage in a new industry. He is attempting... Corporate Strategy Sarah is creating a strategy with her board to possibly buy one of their suppliers so they can control the supply chain She is attempting Vertical Integration Symone is trying to figure out the exact period of time she is able to Related Diversification carry out her plan. She is looking at her Strategie Aliance Ramone is making decisons with his board of directors regarding how they will compete. They are creating a L Corporate Level Plan Seing customized products interent countries to expand your reach is called a global strategy An alliance whore two or more companies come sogether to create a D. E 0 0 0 0 0 G H False K N Falso 90 « A 3 $ 4 % 5 ON & 7 8 9

Answer 1

1. Formulating a strategy is the first step in the planning process.- False (N)

2. If Jamye is attempting to create a group of decisions that correlate with achieving a goal, appropriate a plan of action, and resources should be used for this goal, she is creating- Corporate strategy (G)

3. If Kela, and her board team are attempting to decide the organization’s mission, strategy, and structure. This is called- Business strategy (C )

4. Tyrell is attempting to figure out a statement that declares his business’s purpose and distinguishing that purpose from competitors. He is looking to create a- Mission statement (A)

5. Richard is attempting to enter a new industry to create a competitive advantage in a new industry. He is attempting- Related diversification (J)

6. Sarah is creating a strategy with her board to possible buy one of their suppliers so they can control the supply chain. She is attempting- Vertical integration (I)

7. Symone is trying to figure out the exact period of time. She is able to carry out her plan. She is looking at her.- Time horizon (E)

8. Ramone is making decision with his board of directors regarding how they will compete. They are creating a- Strategy (F)

9. Selling customized products in different countries to expand your reach is called a global strategy. – True (B)

10. An alliance where two or more companies come together to create a new business with shared ownership is called a Joint Venture. – True (M)

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