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Corporate Strategy Fundamentals Test
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Corporate Strategy Fundamentals Test
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25 Questions

1. Can a business strategy be interchangeable with a corporate strategy?
2. What is an example of horizontal integration?
3. What are the three varieties of Vertical Integration?
4. Which of the following is a economic value trait?
5. Vertical integration provides what benefit to a firm?
6. What is the term used to describe a broad vision that outlines where a company wants to go?
7. True or False? Benchmarking is comparing a firm's business metrics to the industry's bests.
8. With the inherent risk involved
9. Which of the following costs of inventory production is associated with storing products until they are to used or sold?
10. What role does corporate governance framework play in corporate strategy?
11. What is the main difference between corporate and business strategy?
12. What are two methods of implementing growth strategies?
13. How should a corporation structure itself in order to maximize its abilities to execute a strategy?
14. What is inventory turnover?
15. Which of the following is true regarding the impact of diversification on an organization's performance?
16. Of the following
17. Which of the following positioning strategies requires an organization to produce a specialized product or service that is targeted towards a small segment of customers?
18. Which of the following best describes the stakeholder approach to social responsibility?
19. Performance benchmarking let's a firm:
20. Developed by Kurt Lewin
21. A firm replacing suppliers is vertically integrating ________________.
22. What type of strategy attempts to answer the question: 'How should we compete against a particular organization?'
23. Which of the following best categorizes individuals or groups who have an interest in the actions of an organizations?
24. Which of the following is a Visit Cost of benchmarking?
25. What is a characteristic of a firm that is ideal for diversification?

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