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Multiple Choice Quiz
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1
Business strategy deals with _____
A)how the firm competes
B)the scope of the firm
C)role of each function
D)deciding what businesses to enter
2
Corporate strategy deal with ______
A)how the firm competes
B)the scope of the firm
C)role of each function
D)deciding what functions to perform
3
______ focuses on determining how broad or narrow the field of the firm’s business operations should be.
A)Mission
B)Vision
C)Business strategy
D)Corporate strategy
4
______ firms diversify to a minor degree, but typically no more than 30 percent.
A)Related-product
B)Conglomerate
C)Dominant-product
D)Single-product
5
The theory behind ______ is that the businesses return more to shareholders by being together than they would if they were separate.
A)corporate strategy
B)business strategy
C)dominant-product strategy
D)conglomerates
6
Sharing of tangible resources such as distribution systems is an example of
A)economies of scale
B)economies of scope
C)core capabilities
D)core rigidities
7
Ultimately, the success of a merger and acquisition (M&A) depends on how effectively the newly merged and acquired companies are
A)priced
B)strategized
C)managed
D)formed
8
According to the BCG matrix, the strategy for _____ is to invest in them and increase their share of the firm’s overall business.
A)cash cows
B)stars
C)question marks
D)dogs





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