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MGT 526 Wk 2 - Practice: Managerial Planning and Strategy

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MGT 526 Wk 2 - Practice: Managerial Planning and Strategy

To maintain profits while offering the best industry pricing to customers, a furniture company decides to order materials in larger quantities to realize larger discounts on materials. The company is employing a _______ strategy.

Multiple Choice

  •      focused differentiation
  •      low-cost
  •      high-cost
  •      unifying
  •      hypercompetition

 

 

When situations occur repeatedly, organizations can develop _______ plans to outline policies, rules, and standard operating procedures (SOPs) on how to handle those situations.

Multiple Choice

  •      single-use
  •      functional
  •      rolling
  •      standing
  •      scenario

 

The intermediate- and short-term plans created within a work group typically address the _______ goals and strategies of an organization.

Multiple Choice

  •      functional
  •      business
  •      divisional
  •      corporate
  •      global

 

A _______ plan is generally reviewed and amended in conjunction with a company’s annual financial budget cycles to take into account changing conditions in the external business environment.

Multiple Choice

  •      standing
  •      short-term
  •      rolling
  •      contingency
  •      single-use

 

In a small developing country, the percentage of the population switching to cellular technology in recent years has been rapidly increasing. A multinational telecommunication services company decides to take advantage of this change by installing network infrastructure and establishing a sales presence in that country. This is an example of a _______ strategy.

Multiple Choice

  •      divisional-level
  •      departmental-level
  •      functional-level
  •      corporate-level
  •      business-level

 

Eastern Region Vice President Goodall works with her team of sales managers to develop a _______ plan, which defines the strategies, goals, and structure associated with achieving the company's objectives in the Eastern region of the United States.

Multiple Choice

  •      business-level
  •      corporate-level
  •      functional-level
  •      departmental-level
  •      global-level

 

 

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