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Exam 2: Developing Successful Organizational and Marketing Strategies

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Question 121

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Figure 2-2 -In Figure 2-2,Box A represents the "why" element of visionary organization.This is referred to as the

A) organizational foundation.
B) organizational tactics.
C) organizational mission.
D) organizational direction.
E) organizational strategies.

F) C) and E)
G) A) and C)

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Question 122

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According to the textbook,the terms firm,company,and organization

A) refer to for-profits,nonprofits,and government agencies,respectively.
B) refer to nonprofits,government agencies,and for-profits,respectively.
C) refer to government agencies,for-profits,and nonprofits,respectively.
D) refer to for-profits,government agencies,and nonprofits,respectively.
E) can be used interchangeably to cover both profit and nonprofit organizations.

F) B) and C)
G) B) and D)

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Question 123

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At the functional level,the marketing department

If Ben & Jerry's sold a line of new "Get the Dough Out of Politics" T-shirts targeted to college students in the United States,it would be using a ________ strategy.

Figure 2-7 -Consider Figure 2-7 above.A Florida-based flashlight company has been extremely successful due in part to the number of hurricanes in Florida that result in power outages.The firm is thinking of expanding its product offerings to include other emergency supplies such as generators and survival kits (consisting of food bars,a water filtration system,first aid supplies,etc. ) .Before going ahead with this decision,several factors had to be considered: (1) The firm has a great reputation with its flashlights and does not want to ruin it.(2) Its physical plant could be refitted relatively easily to make small generators,but it would be rather costly.(3) It would have to rely on another firm to manufacture and package the survival kits.(4) Although there are nine named hurricanes forecasted for the upcoming year,no one really can predict what will happen.The projected number of hurricanes would fall in which quadrant(s) of the SWOT analysis grid?

Figure 2-11 -Based on the information in Figure 2-11 above,the planning gap between 2005 and 2013,as represented by the wedge DBC

Figure 2-2 -In Figure 2-2,B represents the "what" element of visionary organization.This is referred to as the

The specialists within an organization who actually create value are usually a member of the

The difference between the projection of the path to reach a new goal and the projection of the path of the results of a plan already in place is referred to as the

Which of the following statements regarding Ben & Jerry's is most accurate?

Many local and national chain bookstores,such as Borders and Bookstar,have closed over the past few years.This is due in part to competition from e-book readers such as Amazon's Kindle and Apple's iPad,which permit the online purchase and download of digital books.Moreover,subscribers to newspapers and magazines have cancelled their print subscriptions in favor of online news.These trends have caused the StarTribune newspaper to offer online content for $1.99 per week and Newsweek to suspend its print edition in favor of an online only weekly edition.These companies had to change their ________,an action triggered by the technological and social changes in their marketing environments.

Eileen Fisher is a leader in sustainable fashion.For two weekends in the summer of 2016,shoppers could visit a pop-up shop in Brooklyn,NY to purchase upcycled fashion pieces created from damaged items donated to the company's Green Initiative.Use of a pop-up shop to sell these items is one of Eileen Fisher's

Which statement best describes the most significant difference between a for-profit organization or a business firm and a nonprofit organization?

An organization's ________ are the fundamental,passionate,and enduring principles that guide its conduct over time.

Explain what a Gantt chart is and how it is used.

Statements of an accomplishment of a task to be achieved,often by a specific time are referred to as

In a BCG growth-share matrix,a relative market share of 10 × at the left end of the scale on its horizontal axis means that the SBU has 10 times the share of its largest competitor,whereas a relative market share of 0.1 × at the right end of the scale on its horizontal axis means that

Figure 2-1 -In Figure 2-1 above,D represents the ________ of an organization that is comprised of individual departments.

Figure 2-5 -The image depicted in Figure 2-5 above represents what strategic analysis technique?

An action item list refers to an aid to implement a marketing plan that consists of four columns,including which of these?