1)The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives is known as strategic __________. *

planning

controlling

management

leading

2)Jack is a strategist in alfa company. He wanted to boost his sales, so he put a strategy to do so. He first started by putting policies and making annual budgets, then he developed a vision and a mission statement, and finally he compared the actual performance of his firm to the objectives set. His strategy was a complete failure due to the unreasonable logic in following the steps of strategic management. Which sequence did Jack pursue in his strategy? *

formulation, implementation, evaluation

implementation, formulation, evaluation

formulation, evaluation, implementation

evaluation, implementation, formulation

3)A(n) __________ refers to acquisition of a resource that other firm wants, or any activity performed better than competitors. *

efficient technology

competitive technology

acquisition advantage

competitive advantage

4Uber is evolving the way the world moves. By seamlessly connecting riders to drivers through our apps, we make cities more accessible opening up more possibilities for riders and more business for drivers. This is an example of a(n) __________ statement. *

enduring

strategy

vision

mission

5) Sara, the strategic manager of company delta, was facing a problem in her sales target in product X. The competitors launched a product similar to hers. To solve such an issue, she gathered her employees and told them the following: I will be honest with you, we are facing a serious problem. Unfortunately, there is no specific plan to follow, so I want you to rely on your experience and do your best in order to beat our competition. I expect your presentations to be ready by maximum tomorrow morning. Which kind of managing did Sara perform? *

Managing by crisis

Managing by subjective

Managing by extrapolation

Managing by hope

6)Coca-Cola recently signed a 10-year partnership with Green Mountain Coffee Roasters, maker of the Keurig single-serve coffeemaker, to offer for the first time a Coca-Cola drink through a K-Cup. Coca-Cola thus plans to sell Coke through the at-home beverage system Keurig K-Cup. With the partnership, Coca-Cola also acquired 10 percent of the Green Mountain company for about $1.25 billion. Coca-Cola followed the _________ integration strategy. *

forward

backward

vertical

horizontal

7)Company XYZ, specialized in consumer goods, was facing a chain of continuous problems. The company has a distinctive competency which helped it to develop in a fast way, yet it always failed to reach its objectives. It is considered as the weakest firm in its field, has low employee morale, inefficient, and low sales. Moreover, it never seizes opportunities in its industry. The best defensive strategy for company XYZ would be___________. *

divestiture

liquidation

retrenchment

acquisition

8)Pegasus Airlines were the first airline to offer an express baggage self-check-in service at their hub at Istanbul Airport, and the first to offer it on domestic Turkish routes, in order to decrease the costs on its clients. Moreover, Pegasus aims to issue flying tickets to its customers at a price relatively lower than its competitors. Pegasus is following a ________strategy. *

low-cost leadership

best-value leadership

low-cost differentiation

best-cost differentiation