MGT603 GDB

As a manager of the firm I shall adopt Backward Integration policy since the cost of buying tires from the market is too high. This would give the firm a competitive edge by reducing cost and improving quality.

Answer

In this situation, firm needs that strategy which minimizes the cost by avoiding extra expense.

Being a Manager, I ll adopt the Backward strategy. The backward strategy deals with suppliers and their issues. It increases the control over the suppliers, if they are too costly or unreliable. In this current case, Mr. Ali is bearing the extra cost to buy the tire from tire manufacture, which is cause of high cost of production. Backward strategy is helpful to minimize the cost and maximize the quality and profit. It is also give the competitive environment to firm.

 

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MGT603 Quiz # 6

 Alisha

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MGT603 Quiz # 6

 

Question # 10 of 10 ( Start time: 10:56:01 PM )            Total Marks: 1

Exclusive access to high grade natural resources is an example of which of the following?

Select correct option:

            Strength

            Weakness

            Opportunity

            Threat

Question # 9 of 10 ( Start time: 10:55:10 PM ) Total Marks: 1

Which of the following statement is refered to ‘Price fluctuation’?

Select correct option:

            Decrease in prices

            Increase in prices

            Fluctuation in the prices of a particular commodity

            Fluctuation in general price level

Question # 8 of 10 ( Start time: 10:53:49 PM ) Total Marks: 1

Which of the following depicts the signs of strength of a company's competitive position? 

Select correct option:

            A debt-to-asset ratio below 0.50 and higher EPS.

            A website with extensive information about the company and its product line.

            An annual R&D and advertising expenditures greater than $10 million.

            A strongly differentiated product, a strong or rising market share.

Question # 7 of 10 ( Start time: 10:53:09 PM ) Total Marks: 1

Which category of ratios measures a firm’s ability to meet maturing short-term obligations?

Select correct option:

            Profitability

            Leverage

            Liquidity

            Activity

Question # 6 of 10 ( Start time: 10:51:40 PM ) Total Marks: 1

Which of the following is the last step in the development of QSPM? 

Select correct option:

            Developing a list of the firm’s key external and internal factors

            Determining the Attractiveness Scores for each strategy

            Compute the Sum Total Attractiveness Score

            Assigning weights to each key external and internal factor

Question # 5 of 10 ( Start time: 10:50:15 PM ) Total Marks: 1

ABC company is competing in an industry where the growth rate of that industry from year to year has reached or is close to zero, ABC is operating in which industry?

Select correct option:

            Growing industry

            Emerging industry

            Mature industry

            Declining industry

Question # 4 of 10 ( Start time: 10:49:37 PM ) Total Marks: 1

Which of the following is more concerned with employee and customer well-being than shareholder well-being?

Select correct option:

            Benchmarking

            Reengineering

            E-engineering

            Restructuring

Question # 3 of 10 ( Start time: 10:49:06 PM ) Total Marks: 1

Which of the following is not a key question that can reveal internal strengths and weaknesses of the marketing department? 

Select correct option:

            Does the firm have an effective sales organization?

            Are markets segmented effectively?

            Are the firm’s products and services priced appropriately?

            Does the firm have good liquidity?

Which of the following are two negative-rated dimensions on SPACE Matrix?

Select correct option:

            FS and CA

            CA and ES

            FS and IS

            IS and ES

Question # 1 of 10 ( Start time: 10:46:37 PM ) Total Marks: 1

Which one of the following is NOT a SMART criterion?

Select correct option:

            Measurable

            Strategy

            Achievable

            Relevant

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MGT603 Quiz # 6

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MGT603 Quiz # 5

 

Question # 10 of 10 ( Start time: 10:25:40 PM )            Total Marks: 1

Which of the following is a standardized, detailed set of techniques and behaviors that manage anxieties, but seldom produce intended, technical consequences of practical results?

Select correct option:

            Folktales

            Rites

            Rituals

            Values

Question # 9 of 10 ( Start time: 10:25:11 PM ) Total Marks: 1

Which of the following is NOT a characteristic of well-constructed goals?

Select correct option:

            Address important issues

            Easy to remember

            Precise and measurable

            Challenging but realistic

Question # 8 of 10 ( Start time: 10:24:46 PM ) Total Marks: 1

A joining of two companies through one company buying more than one half of the other company's stocks is known as:

Select correct option:

            Monopolization

            A spin-off

            An acquisition

            A merger

A firm’s division with a high relative market share position in a low-growth industry can be referred to which of the following category?

Select correct option:

            Star

            Cash cow

            Question mark

            Dog

Which of the following is the first step in the controlling function of management?

Select correct option:

            Take corrective actions

            Restrict breaks employees take

            Evaluate expense reports

            Establish performance standards

Question # 5 of 10 ( Start time: 10:21:56 PM ) Total Marks: 1

Conglomerate diversification is another name for which of the following?

Select correct option:

            Related diversification

            Unrelated diversification

            Portfolio diversification

            Acquisition diversification

External forces directly affects all of the following EXCEPT:

Select correct option:

            Market segmentation strategies

            Types of products/services offered

            Management structure of organization

            Choice of businesses to acquire or sell

Of the following, which one would NOT be considered one of the components of a mission statement?

Select correct option:

            The target market for XYZ is oil and gas producers as well as producers of chemicals

            XYZ shall hire only those individuals who have with sufficient educational levels so as to be of benefit to our customers

            The customers of XYZ shall include global and local consumers of gas and oil products and domestic users of nontoxic chemicals

            The technologies utilized by XYZ shall focus upon development of alternative sources of gas and oil so as to remain competitive within the industry

Question # 2 of 10 ( Start time: 10:18:58 PM ) Total Marks: 1

Which of the following strategy generally entails large research and development expenditures? 

Select correct option:

            Market penetration

            Retrenchment

            Forward integration

            Product development

Question # 1 of 10 ( Start time: 10:17:35 PM ) Total Marks: 1

Reasons due to which some firms do “No Strategic Planning” incorporate all of the following EXCEPT: 

Select correct option:

            Wastage of time

            Fire-fighting

            Content with success

            Privileged reward structures

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