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Quiz: Final
Due Aug 12 at 11:59pm Points 100 Questions 50
Time Limit 90 Minutes
Instructions
Attempt History
Attempt Time Score
LATEST Attempt 1 66 minutes 82 out of 100
 Correct answers are hidden.
Score for this quiz: 82 out of 100
Submitted Aug 5 at 12:51am
This attempt took 66 minutes.
The quiz:
Covers the Textbook material from Module 5: Week 5 – Module 7: Week 7.
Contains 50 true/false and �ll-in-the-blank questions.
Is limited to 90 minutes.
Allows 1 attempt.
Is worth 100 points.
Submit this assignment by 11:59 p.m. (ET) on Friday of Module 8: Week 8.
2 / 2 ptsQuestion 1
Strategic  objectives must contribute to the ability of business
to ful�ll its mission.
  True
  False
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2 / 2 ptsQuestion 2
Goals must focus on the process.
  True
  False
0 / 2 ptsQuestion 3IncorrectIncorrect
Dreams and metacognition should  be  used  for  following  up 
the  strategies  to  be  developed  and  the  functional  plans to
be prepared under these strategies.
  True
  False
2 / 2 ptsQuestion 4
When the long-term strategy of a business is based on growth
through the acquisition of one or more similar businesses
operating at the same stage of the production market chain, its 
grand  strategy  is  called  ______________ integration.
horizontal
2 / 2 ptsQuestion 5
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Answer 1:
Asset reduction may include the sale of land,
buildings, and  equipment  not  essential  to  the  basic  activity 
of  their  business.
Asset
2 / 2 ptsQuestion 6
Answer 1:
A  divestiture strategy  involves  the  sale   of  a 
business  or  a  major  business  component.
sale
0 / 2 ptsQuestion 7IncorrectIncorrect
Low-cost producers typically sell a differentiated product and
place considerable emphasis on cost advantages from all
sources.
  True
  False
2 / 2 ptsQuestion 8
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Answer 1:
The purpose of retrenchment is to reverse current
negative trends, and the strategy is often referred to as a
turnaround strategy.
retrenchment
0 / 2 ptsQuestion 9IncorrectIncorrect
______________ development involves substantial  modi�cation
of  existing  products  or  creation  of  new  but  related items
that can be marketed to current customers through established
channels.
production development strategy
2 / 2 ptsQuestion 10
Grand strategies provide basic direction  for  strategic  actions.
  True
  False
2 / 2 ptsQuestion 11
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Answer 1:
Reason  for  backward  integration  is  the  desire  to  increase 
the  dependability  of  supply   or  quality  of  raw 
materials  or  production  inputs.
supply
2 / 2 ptsQuestion 12
Answer 1:
In  backward   vertical  integration,  the  business 
acquired operators at an earlier stage of the production/sales
process.
backward
0 / 2 ptsQuestion 13IncorrectIncorrect
Strategic methods are the conceptual results that the business
aims at achieving within a certain timeframe.
  True
  False
2 / 2 ptsQuestion...