1. When there is little fit between a strategic alternative under study and the corporate culture, which of the following would NOT be one of the considerations taken into account? A. Take a chance on bypassing the culture by implementing the strategic alternative B. Manage around the culture C. Try to change the culture to fit the strategy D. Change the strategy to fit the culture E. Ignore the corporate culture Answer: __________ 2. Michael E. Porter advises that a division with strong marketing abilities, product engineering, creative flair, strong capability in basic research, and a corporate reputation for quality or technological leadership should use a __________ strategy to enhance its prospects for success. A. focus B. differentiation C. overall cost leadership D. vertical growth Answer: __________ 3. An organization skilled at creating, acquiring, and transferring knowledge and modifying its behavior to reflect new knowledge and insights is a: A. learning organization. B. strategically managed corporation. C. contingency management entity. D. logical incrementalism company. Answer: __________ 4. What strategic planning process does research suggest to be the best for multidivisional corporations operating in a relatively stable environment? A. Top-down strategic planning B. Bottom-up strategic planning C. Concurrent strategic planning D. Functional area strategic planning Answer: __________ 5. A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a: A. value chain. B. continuum of sustainability. C. strategic capability. D. fully integrated activity set. E. strategic group. Answer: __________ 6. Price reductions, promotion cutbacks, and competitor dropouts characterize the __________ stage of the business life cycle. A. introduction B. growth C. maturity D. decline E. closing Answer: __________ 7. Exxon, BP, and Amoco are popular brands of gasoline. These large companies produce essentially the same product and sell it at essentially the same price. As such, these companies are part of the following industry structure type: __________________. A. pure monopoly B. pure competition C. pure oligopoly D. monopolistic competition E. differentiated oligopoly Answer: __________ 8. When one unit of a company sells a product to another unit, the price charged is the __________ price. A. delivered B. transfer C. uniform D. transaction Answer: __________ 9. A stock trading company that had its offices in the World Trade Center in 2001 could have used a(n) __________ to make different assumptions about market events, such as future bull markets, bear markets, day trader legislation, dot-com companies driving the market, etc. There is little chance that it would have assumed a deadly terrorist attack. A. SWOT analysis B. societal audit C. industry forecast D. scenario analysis E. competitive analysis Answer: _