Professional Documents
Culture Documents
Chapter 02: Company and Marketing Strategy: Partnering to Build Customer Relationships
1.0.1. ABC Fortunes has just developed a formal statement of its purpose. This firm has put together
a mission statement.
a True
b False
Difficulty: 1
QuestionID: 02-1-01
Page-Reference: 43
Skill: Recall
Answer: a. True
1.0.2. The purpose of strategic planning is to find ways in which your company can best use its
strengths to take advantage of attractive opportunities in the environment.
a True
b False
Difficulty: 2
QuestionID: 02-1-02
Page-Reference: 43
Skill: Recall
Answer: a. True
1.0.3. A firm's mission should always be stated as making more sales or profits.
a True
b False
Difficulty: 2
QuestionID: 02-1-03
Page-Reference: 43
Skill: Recall
Answer: b. False
a True
b False
Difficulty: 2
QuestionID: 02-1-04
Page-Reference: 44
Skill: Recall
Answer: b. False
Difficulty: 2
QuestionID: 02-1-05
Page-Reference: 44
Skill: Recall
Answer: a. True
1.0.6. At Nike, "we sell athletic shoes and apparel" is a market-oriented business definition.
a True
b False
Difficulty: 3
QuestionID: 02-1-06
Page-Reference: 44
Skill: Applied
Answer: b. False
1.0.7. At Nike, "We bring inspiration and innovation to every athlete in the world" is a product-
oriented business definition.
a True
b False
Difficulty: 3
QuestionID: 02-1-07
Page-Reference: 44
Skill: Applied
Answer: b. False
1.0.8. A strategic business unit (SBU) is a company division or product line, never a single product
or brand.
a True
b False
Difficulty: 2
QuestionID: 02-1-08
Page-Reference: 47
Skill: Recall
Answer: b. False
1.0.9. The major activity in strategic planning is strategic business unit planning, whereby
management evaluates the products and businesses making up the company.
a True
b False
Answer: b. False
1.0.10. A company can divest a strategic business unit (SBU) by selling it or phasing it out and using
the resources elsewhere.
a True
b False
Difficulty: 1
QuestionID: 02-1-10
Page-Reference: 48
Skill: Recall
Answer: a. True
1.0.11. In the BCG matrix, "dogs" are low-growth businesses and products that do not generate
enough cash to maintain themselves.
a True
b False
Difficulty: 3
QuestionID: 02-1-11
Page-Reference: 47
Skill: Recall
Answer: b. False
1.0.12. Question marks in the BCG matrix require a lot of cash to hold their share, let alone increase
it.
a True
b False
Difficulty: 3
QuestionID: 02-1-12
Page-Reference: 47
Skill: Recall
Answer: a. True
1.0.13. When a firm finds products or businesses that no longer fit its overall strategy, it must
carefully milk, harvest, or better develop them.
a True
b False
Difficulty: 2
QuestionID: 02-1-13
Page-Reference: 48
Skill: Recall
Answer: b. False
Up rose the Lady Alice from her brief and broken prayer,
And she brought a silken standard down the narrow turret stair.
Oh, many were the tears those radiant eyes had shed,
As she worked the bright word “Glory” in the gay and glancing thread;
And mournful was the smile that o’er those beauteous features ran,
As she said, “It is your lady’s gift, unfurl it in the van.”
“It shall flutter, noble wench, where the best and boldest ride,
Through the steel-clad files of Skippon and the black dragoons of Pride;
The recreant soul of Fairfax will feel a sicklier qualm,
And the rebel lips of Oliver give out a louder psalm,
When they see my lady’s gew-gaw flaunt bravely on their wing,
And hear her loyal soldiers shout, For God and for the King!”—
’Tis noon; the ranks are broken along the royal line;
They fly, the braggarts of the court, the bullies of the Rhine:
Stout Langley’s cheer is heard no more, and Astley’s helm is down,
And Rupert sheathes his rapier with a curse and with a frown;
And cold Newcastle mutters, as he follows in the flight,
“The German boar had better far have supped in York to-night.”
“I bring thee back the standard from as rude and rough a fray,
As e’er was proof of soldier’s thews, or theme for minstrel’s lay,
Bid Hubert fetch the silver bowl, and liquor quantum suff:
I’ll make a shift to drain it, ere I part with boot and buff;
Though Guy through many a gaping wound is breathing out his life,
And I come to thee a landless man, my fond and faithful wife!
“Sweet, we will fill our money-bags, and freight a ship for France,
And mourn in merry Paris for this poor realm’s mischance;
Or, if the worse betide me, why, better axe or rope,
Than life with Lenthal for a king, and Peters for a pope!
Alas, alas, my gallant Guy! out on the crop-eared boor,
That sent me with my standard on foot from Marston Moor!”
THE COVENANTER’S LAMENT FOR BOTHWELL
BRIDGE.
(1830.)