21. Vertical Integration follows the

1 three level model 2. Supply Chain 3. functional level model.

4. is based financial ratios

5. Write checks on retained earnings and invest in Assets

22. Procter and Gambles many name brand advertized products have a strategy of

1. Low profit 2. Differentiation 3 shake out

4. Diagonal SBU Bifurcation 5. product integration

23. Often a focus strategy will be known to only:

1. Quality Management 2. A few customers with special needs

3. Financial Control officers

4. Porters Model 5. Trusted employees

24. The model of generic strategies:

1. has the prospector group 2. Has substitutes

3. is part of Scientific Management

4. has the category of differentiation 5. has planning

The CEO calls in his V.P. of manufacturing to discuss the details for a new machine installation. They examine

reports from the V.P. of Finance showing how a new production plant will give them lowest costs in the industry.

The CEO focuses intensely on the problem and develops a time line for the construction of the new facility and the

ordering of new specialized equipment. ( use for questions 256-28)

25. In the Generic model of strategy this firm is

1. A supplier 2. Rumelt 3. focus

4. Cost 5. Divergent

26. Specialized machinery needed for this company would be a

1. New entrant 2. Substitute 3.barrier to exit

4. TQM 5.competitor

27. The organizational chart of this firm would be

1. simple 2. Functional 3. Divisional

4. Matrix 5. Combination

28. Decision making at this firm appears to be

1. centralized 2. Decentralized 3. projected

4. Profit center 5. Combination

29. Stability is a (an)

1. Mistake 2. Grand Strategy 3.Illusion

4. MBO 5. SWOT

30. The Porters model of Competitive forces includes the ideas of

1.security and surprise 2. Staff responsibility 3. Retrenchment

4. maturity 5. Profitable industries being protected from entry