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59 Cards in this Set
- Front
- Back
1. A business activity to where marketing products and services beyond domestic market. |
INTERNATIONALIZATION |
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2. Is a process of adding new business to the firms that is district from each present operations. |
Consolidation |
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3. The withdraw of products and services in certain markets and to make a beneficial turn around |
Retrenchment Strategy |
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4. Refers to corporations plan to generate revenues through operations |
Business model |
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5. Business activities to solve problem or a need of the customer. If an activity solved the problem or a need of the customer |
Value proposition |
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6. Business action support delivering goods ordered online |
Value Chain |
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7. A ______ is a business organization or a person who sells his/her franchise |
Franchisor |
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8. An _______ is not a type of business model |
Allocator |
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9. A ______ best describe the fundamental purpose for the existence of any business. |
Mission |
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10. Identifies the goal of the organization why it exist |
Vision Statement |
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11. Is the action stage of strategic Management |
Strategy Implementation |
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12. Is the capability of a business organization to create new and different problems because success is no guarantee |
Adapting to change |
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13. Is the Corporate Chief learning officer |
Strategist or strategies |
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14. Is the most important thing to remember when making a strategic planning |
A living evolving process |
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15. A mission statement contain the business organization |
Operational plan |
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16. ______has the responsibility for working the organization goals |
Every member of the organization |
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17. Is the firms action of restricting growth at the certain level |
Pause strategy |
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18. Is the definition of co's objectives |
Mission statement |
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19. Is the firm strategy to generate cash for the stockholders |
Profit strategy |
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20. ____ is when corporation has a smooth sailing environment no trubulent nor hostile experience |
Stable growth strategy |
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21. Is a corporate strategic actions where there are mixing of expansion, stability or retrenchment activity. |
Combination strategy |
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22. Is corporate strategy of identifying direction of development by taking away both current products and markets at the some time. |
Diversification |
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23. Is a type of corporate strategy of possible co-existing cooperation with its competition. |
Cooperative Expansion |
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24. Is a combination of activities of the firm, based on the value chain |
Integration |
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25. Is the firms movement its product into a new geographical areas by increasing its sale force
The firm can move its present product into new geographical areas. This is done by increasing its sales force, appointing new channel partners, sales agents, or manufacturing representatives and by franchising its operation. |
Market penetration |
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26. A mission statement of life contains the organization |
Identity and purpose |
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27. An organization needs to have a mission statement to _______ |
Ensure viability |
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28. Is the action stage of strategic management |
Strategy Implementation |
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29. ______ is the primary focus of strategic management |
The total organization |
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30. ________ is usually conceived at a single time where managers sit down and work out a comprehensive strategic plan for the next 3-5 years. |
Organization's strategy |
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31. If the organization supply chain can be viewed from a system perspective at start with the acquisition of resources, resurgent plan transport into product or services simple put the sequence represented by ______ |
Sourcing input, process output |
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32. This things inbound logistics, operation of outbound logistics marketing and sales |
Support activities |
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33. When you have company plan to generate revenue |
Business model |
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34. The ultimate test of value of corporate level strategy is _____ |
Business in the portfolio increases the firms financial inter logging income.
OR
Business in the portfolio increase the firm's financial returns. |
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35. Usefully a company is classified as singolous business firm or sole proprietorship with the revenue generated by the dominant business which is greater then ? |
99 % |
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36. What kind of business do stand out? |
Differentiate a product or service |
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37. What kind of business do to add value to the product |
To improve the product quality Immediately |
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38. Why is it important for business close to similar shop ? |
To catch the possible customer to move from store to store |
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39. What do you mean goodwill? |
Helpful friendly service |
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40. What is the product range ? |
Having a wide range of product |
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41. How could a business improved it's product quality ? |
To meet and satisfy the customer needs. |
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42. What is the example of good customer service? |
Offering your help and service to a customer |
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43. Where would be the best place to start hair dressing business |
Housing state (subd.) Or close to a housing state |
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44. What will be lowering price create? |
You will lower your profit or creat lower profit |
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45. What do you mean competitive environment |
Where there are businesses similar in the area |
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46. An organization strategy is usually conceive at a single time when managers sit down and work out comprehensive strategic plan for the next 3-5years |
Intermediate and longterm planning |
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47. When the action support grocery delivery which include online servicing ordering and delivered for the next day or same day |
Value chain |
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48. Corporate strategy implies that the firm will expand by adding new product lines, reduce company size to increase market share, compete distinct industries and all activities |
Diversification |
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49. This means combining activities related to the present activity of the company and it was widest of the scope for company as market penetration will served is called ______ |
Integration strategies |
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50. The definition of company objectives |
Vision statement |
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ENUMERATION LIST THE 5 POPULAR FRANCHISE COMPANIES IN THE PHILIPPINES |
1. Mang inasal 2. Alfamart 3. Jollibee 4. 7/11 5. Mini stop |
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Enumeration
What are the following components of Business model |
1. Value proposition 2. Market segment 3. Value chain structure 4. Position and value network / position in value network 5. Competitive strategy 6. Revenue generation and margins |
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51. Who in an organization has responsibility for working towards the vision/mission goals ? |
Everyone who works for the organization |
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52. What is a comparative environment |
A dynamic external system in which a business competes and functions |
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53. What can a business do to add value to a product ? |
Improve quality |
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54. How could a business improve its product quality ? |
Use better raw materials |
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55. It means combining activities related to the present of a company. It widens the scope for a company as far as market penetration is concerned. |
Integration strategies |
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56. Which of the following best describe the person is willing to buy franchise of others. |
Franchisee |
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57. Is not element of supply chain management |
PRODUCTION |