An Iowa ethanol production company has been suffering from a combination of lower demand for gasoline (into which its product is mixed) and higher corn prices (which is the largest input cost). It has responded by selling off land, buildings, and some of its reserve product inventory. This is a variation of which of these grand strategies?
A. Right-size
B. Growth
C. Stability
D. Defensive
E. Reorganization
Answer: D
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Intermediate Accounting Chapter 6
- Bossidy and Charan believe that to excel at execution, a leader should
- Which of the following is not a behavior of a leader who executes?
- Which of the following is not a question that Bossidy and Charan believe a strong strategic plan must address?
- According to Bossidy and Charan, which business process is most important for effective execution?
- According to Bossidy and Charan, effective ______ requires managers to build a foundation for it within three core process: people, strategy, and operations.
- A recent survey found that the top concern among CEOs worldwide is
- Apple's iPad has a very high percentage of the market for tablet computers, and this is also a quickly growing market. Thus, using the BCG matrix, the iPad would be classified as a
- Daniel is assessing his company's portfolio of products. One of them is the best-selling brand of mayonnaise, although this is now a slow-growing market. If Daniel uses the BCG matrix, he would classify this product as a
- Which of the following strategy tools suggests that an organization will do better in fast-growing markets in which it has a high market share rather than in slow-growing markets in which it has a low market share?
- _____ refers to the idea that the economic value of separate, related businesses under one ownership and management is greater together than the businesses are worth separately.
- Which of the following is most likely to use a diversification strategy?
- Time Warner runs different divisions specializing in television, music, and publishing. Time Warner is using a(n) ______ strategy.
- The benefit of the single-product strategy for a company is
- Which of the following carmakers pursues a focused-differentiation strategy?
- An organization that offers unique, superior products or services to a narrow market is pursuing a strategy of
- An organization that keeps costs and prices low in targeting a narrow market is pursuing a strategy of
- Timex Group USA makes inexpensive but reliable watches sold throughout the United States and is an example of an organization pursuing a _________ strategy.
- An example of a firm that pursues a differentiation strategy is
- An organization that is offering unique, superior products or services to a wide market is pursuing a strategy of
- An organization is developing a low-cost line of environmentally friendly cleaning products that it intends to distribute internationally. Here, the organization is following a ______ strategy.
- Porter's competitive strategies include
- Oil companies must be aware of other firms' development of ethanol products since this is an example of which one force in Porter's model for industry analysis?
- Which of the following is not one of the forces that affects industry competition, according to Porter's model for industry analysis?
- Creation of alternative hypothetical but equally likely future conditions is called
- A time-series forecast, which is used to predict long-term trends, cyclic patterns, and seasonal variations, is one type of
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