Multiple Choice Questions 21. (p. 271) The process of determining an organization’s basic mission : 1240104

Multiple Choice Questions
21. (p. 271) The process of determining an organization’s basic mission : 1240104.


Multiple Choice Questions

21. (p. 271) The process of determining an organization’s basic mission and long-term objectives and then implementing a plan of action for attaining these goals is: 

A. Strategic management

B. Tactical management

C. Contingency management

D. Functional management

22. (p. 272) Ford Motor’s strategic plan in Thailand is based on: 

A. Offering the right price and product

B. Offering the right combination of price and financing to a carefully identified market segment

C. Offering the right combination of price and financing to all market segments

D. Offering the right financing only

23. (p. 272) Honda and General Motors have both built plants in Thailand to take advantage of 

A. Demand and low delivery costs

B. Strategic pricing

C. New technologies and low wages

D. Tax incentives and demand

24. (p. 273) According to the text, strategic planning helps MNCs to do all of the following except: 

A. Coordinate and monitor its far-flung operations

B. Deal with political risks

C. Determine performance

D. Get higher profitability

25. (p. 273) A worldwide strategy based on cost leadership, differentiation and segmentation is referred to as the: 

A. Economic imperative

B. Political imperative

C. Quality imperative

D. Administrative coordination strategy

26. (p. 273) These individuals are the key to stimulating profit growth within a company. 

A. Supervisors

B. Middle managers

C. First-line managers

D. Top managers

27. (p. 273) Companies that pursue this strategy typically sell products for which a large portion of value is added in the upstream activities of the industry’s value chain. 

A. Quality imperative

B. Political imperative

C. Economic imperative

D. Administrative coordination

28. (p. 274) MNCs using the _____ approach to strategic planning are country-responsive; their approach is designed to protect local market niches. 

A. Administrative coordination strategy

B. Economic imperative

C. Quality imperative

D. Political imperative

29. (p. 274) The products sold by MNCs pursuing this approach often have a large portion of their value added in the downstream activities of the value chain. 

A. Political imperative

B. Cost imperative

C. Quality imperative

D. Economic imperative

30. (p. 274) Typically, MNCs utilizing this approach to strategic planning use a country-centered or multi-domestic strategy. 

A. Quality imperative

B. Administrative coordination

C. Political imperative

D. Economic imperative



Multiple Choice Questions
21. (p. 271) The process of determining an organization’s basic mission : 1240104

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