The more countries that a corporation enters to do business and the larger the corporation becomes, ...

The more countries that a corporation enters to do business and the larger the corporation becomes, the more complicated organizational tension becomes.
 
  Indicate whether the statement is true or false

Question 2

Which of the following defines a tactic?
 
  A) a set of consistent values and measures required to achieve a firm's objectives
  B) a result, end, mean, aim, or goal of an action intentionally undertaken
  C) the desired result that a firm envisions, plans, and commits to achieve
  D) two or more things functioning together to produce a result not independently obtainable
  E) the visible day-to-day activities that get done to achieve desired goals in a changing market

Question 3

Which of the following would indicate that a decision is strategic rather than tactical?
 
  A) It orients the whole organization toward a single clear objective.
  B) It is a response to a change in the organization's internal environment.
  C) It does not require operational coordination across operating divisions.
  D) It can be changed or reversed quickly and does not affect many departments.
  E) It has a short-term impact on a particular department.

Question 4

Which of the following characterizes an oligopoly?
 
  A) A single company dominates the market and has dominant pricing power.
  B) The market is flooded with companies that sell essentially the same commodity-like product.
  C) Companies dominate the market and the actions of one firm affect all other firms.
  D) Changes in competitors' strategies or tactics do not influence a company.
  E) Products offered by competitors are all identical substitutes.

Question 5

Which of the following is an example of a strategy rather than a tactic?
 
  A) offering products at a discount sale price for a short period of time to stimulate demand or win market share
  B) improving a feature of an existing product to help it work better
  C) launching a new product line that is designed to meet the needs of new consumer groups
  D) spending 40,000,000 on a pull advertising campaign for a particular quarter
  E) adding two long-haul trucks to the company's logistics management system

Question 6

Which of the following differentiates monopoly from oligopoly?
 
  A) In an oligopoly, customers have few viable substitutes available; while in a monopoly, customers have many viable substitutes available.
  B) In a monopoly, companies have no influence on price; while in an oligopoly, companies have some control over price.
  C) In a monopoly, competition is based on promotion or on product differentiation; while in an oligopoly, competition can be on price or on differentiation of products.
  D) In an oligopoly, each firm sells a small percentage of the total sold in the market; while in a monopoly, each firm sells a huge percentage of the total sold in the market.
  E) In a monopoly, fewer companies dominate the market; while in an oligopoly many similar firms compete in the market.