SOLVED

1The relevant environment for strategic analysis is the organization’s a.competitive sphere b.political jurisdiction c.boundaries d.industry or market segment 2Key questions that help define an organization’s relevant environment include a.managerial preferences and stakeholder interests b.market forces of supply and demand c.goals and objectives of the organization d.mission and organizational capabilities 3Organization’s that are outperforming their industry have aligned a.operations with efficiency b.strategy with environment c.managerial preferences with mission d.strategy with competitors 4Strategic goals establish a.managerial preferences b.performance expectations c.operation efficiency targets d.organizational boundaries 5Product market focus is important for evaluating a.demographic forces b.economic conditions c.consumer demand d.government regulation 6An organization’s value proposition is based on a.managerial preferences and organizational capabilities b.competitive pressures and organizational response c.customer appeal and competitive differentiation d.consumer demand and technological solutions 7If a firm’s value proposition is based on price then a.consumer price sensitivity is of interest b.cost cutting is a priority c.long term supply agreements are common d.operational efficiency is a key goal 8Elements of the profit model used to evaluate strategic proposals include a.projected revenues, estimated costs, and time line for implementation b.sales target, projected revenues, and potential profits c.investment, projected revenues, and estimated costs d.gross margin, net earnings, and debt/equity ratio 9Variable costs are tied to a.exchange rate fluctuations b.the price of raw materials c.supplier margins d.changes in volume 10If an organization’s fixed costs are relatively high, then the strategic focus is on a.minimizing variable costs b.maximizing through-put c.reducing fixed costs d.increasing leverage