Weakness of concentration strategy

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Reference no: EM132188873

Answer correct all the following

1. Which of the following is a weakness of a concentration strategy?

A. The organization cannot develop a distinctive competence

B. Organizational resources are severely strained

C. External stakeholders are easily confused by the firm's strategic agenda

D. There is high ambiguity regarding strategic direction

E. The strategy is risky when the environment is unstable

2. According to the theory of transaction cost economics, a market is likely to fail if:

A. There are a large number of suppliers

B. All parties to the transaction have the same level of knowledge

C. The future is highly uncertain

D. The future is highly certain

E. Assets may be used to produce a variety of products or services

3. Related diversification differs from unrelated diversification in which of the following ways?

A. Related diversification is connected to the organization's dominant business; unrelated diversification is not

B. Unrelated diversification is connected to the organization's dominant business; related diversification is not

C. Single business firms use related diversification and never use unrelated diversification

D. Single business firms use unrelated diversification and never use related diversification

E. A firm that uses related diversification always uses vertical integration; a firm that uses unrelated diversification never uses vertical integration

4. When an organization can use the same physical resources for multiple purposes, it is taking advantage of:

A. Intangible relatedness

B. Tangible relatedness

C. Limited scope

D. Dominant industry relationships

E. Goodwill

5. Which types of strategies are used to implement the growth and competitive strategies of the firm?

A. Focus strategies

B. Generic strategies

C. Functional strategies

D. Corporate strategies

E. Indirect strategies

Reference no: EM132188873

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