Business Policy Test

It is a perspective of organizations that provides a useful framework for examining the relationship between an organization and its environment.

An organization interacts with its environment by taking contributions from it, processing them, then yielding back results into it. The organization therefore can be considered ______________

The forces that directly influence conditions of organizations but are not part of its internal make-up is cumulatively called as _________________________

An environment where an organization operates that is composed of important elements affecting people and processes such as the organization’s mission and vision statements, core values, core competencies, policies, leadership, culture, climate, structure, and resources.

An organization needs to survive in the midst of cutthroat competition and radical technological developments. Often, it comes up with a plan of attack referred to as a map to chart, a path to traverse, a plan to be executed, or an approach. What is this plan?

The short-term strategies often associated with various operational departments of an organization like the human resources, finance, marketing and production.

The statements considered as set of rules to guide the decisions and actions of the business organization are

In every business firm, there are essentials in the attainment of optimum productivity, which are considered the tool for the actualization of organizational plans and implementation of strategies. These are

In a firm where the structure has changed, and its operations is regrouped according to the relatedness of products and services they offer to their clients, each group of operation having a Research and Development, and an Engineering sections of its own, this new set-up is known as __________________.

If a firm operates nationwide and wants to saturate the entire nation, by separate jurisdictions for marketing focus according to specific grouping of cities and provinces, the type of organizational structure is

A firm that manufactures textiles used for women garments, for denim wear, for bed sheets, and for curtains has reorganized. The management wants to bring and sell their products to newer markets and chose an international strategy for marketing. Which structure is most appropriate?

When a firm improves that which it already possesses, acquires or attains in consonance with its strategic objectives, it is involved in

If consists of the knowledge, attitudes and skills expected of an individual to carry out tasks and duties within the firm.

If the business unit’s relative market share position against industry growth rate were plotted using a BCG matrix, and it is found to be in the third quadrant, what conclusion can you draw about the business unit’s performance?

Which strategy choice is common to business firms’ performances plotted in the first three quadrants of a BCG Matrix?