Multiple Choice Questions

6 million pairs without the use of overtime and 7.2 million pairs with the use of overtime.
  • Which of the following does not affect the reject rates at a company's plants?
  • At the end of Year 10, going into Year 11, the company's production capability was
  • Which one of the following statements about whether a company's strategy can be considered ethical is false?
  • The customer value proposition portion of a company's business model concerns
A. any applicable import tariffs and exchange rate adjustments.
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $2 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 15%.c. tariffs of $8 per pair and shipping fees of $1 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 3-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 20%.
  • The market for branded athletic footwear is projected to grow a. between 8-11% annually worldwide during the Year 11-20 period.b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.c. 6-9% annually in all four geographic regions during the Year 11-Year 15 period and 7-8% annually in all four regions during the Year 16-Year 20 period.d. 10-12% annually in North America and Europe-Africa during the Year 11-Year 15 period and 6-8% annually in these regions during the Year 16-Year 20 period.e. 6% annually in all four geographic markets during Years 11-15, and then slow gradually to 3% annually in all markets by Year 20.
  • which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply large multi-outlet retailers private-label footwear to chain retailers in a particular geographic region? A. the number of special high-performance features the company agrees to incorporate in the private-label footwear models it suppliesB. the S/Q ratings on the private-label footwear the company offers to supplyC. the price at which the company offers to supply retailers with private-label pairsD. the company's brand reputationE. the amount and caliber of merchandising and promotional support the company offers to provide
Revenue - Operating Expenses
  • The company currently has production facilities to make athletic footwear in
  • Crafting an ethical strategy requires that managers
  • Operating Profit (also called Operating Income; EBIT)
  • Perceptual (or position) mapping is used to:
b. its credit rating.
  • Which of the following best describes the materials the company uses to make its footwear?a. Interior lining fabrics, waterproof microfibers, rubber, cotton shoelaces, and fiberglass threadb. Standard and superior materialsc. Synthetic fibers, waterproof polyesters, microfibers, rubber, high-strength threads, and metal eyeletsd. High-strength and regular-strength materialse. Normal-wear and long-wear materials
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?a. Whether the company's private-label footwear has a higher S/Q rating than the footwear of rival private-label manufacturersb. The number of models/styles comprising the company's product linec. The appeal of the celebrities signed to endorse the company's footweard. The amount of merchandising support provided to retailerse. The company's bid price
  • The interest rate a company pays on loans outstanding depends on a. its free cash flow in the prior year and whether its prior-year net profit margin exceeded 10%.b. its credit rating.c. Its accounts payable ratio, its debt-assets ratio, and its loan default percentage over the past three years.d. its current ratio, debt-equity ratio, and default risk ratio.e. its current ratio, the amount of cash on hand to make interest payments, and the average annual amount of free cash flow.
  • The company's present production capability (as of Year 10) is:a. 4 million pairs without the use of overtime and 6 million pairs with the use of overtime.b. 6 million pairs without the use of overtime and 7.2 million pairs with the use of overtime.c. 6 million pairs without the use of overtime and 6.6 million pairs with the use of overtime.d. 8 million pairs without the use of overtime and 10 million pairs with the use of overtime.e. 4 million pairs without the use of overtime and 5 million pairs with the use of overtime.
Base wages, incentive payments per non defective pair produced, and overtime pay.
  • Which of the following is not an accurate characteristic of your company's plant operations?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following statements about striving to reduce labor costs per pair produced at each of the company's plants is true?
  • Which of the following are effective ways for managers to try to boost a company's stock price?
Performance/durability (P/D) ratings
  • Which of the following best describes the materials the company uses to make its footwear?
  • Which one of the following does not affect the reject rates at a company's plants?
  • Which one of the following is NOT a factor in determining a company's unit sale and market share of branded footwear in a particular geographic region
  • Which one of the following is not one of the factors that affect the S/Q rating of a company's footwear?
c. whether plant upgrade C has been installed; a company's cumulative spending for TQM/Six Sigma quality control programs; and expenditures for new styling/features per model.
  • The market for private-label athletic footwear is projected to grow a. 10% annually in North America and Europe-Africa during the Year 11-Year 15 period and 8.5% annually in Latin America and the Asia-Pacific regions during the Year 11-Year 20 period.b. 10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.c. 6-8% annually in North America and Europe-Africa during the Year 11-Year 20 period and 10-12% annually in Latin America and the Asia-Pacific during the Year 11-Year 20 period.d. 12-14% annually in all 4 regions during the Year 11-Year 15 period and 8-10% annually in all 4 regions during the Year 16-Year 20 period.e. 12% annually in all four geographic markets during Years 11-15, and then slow gradually to 8% annually in all markets by Year 20.
  • The factors that affect a company's S/Q rating include: a. the size of annual base pay increases; reject rates; expenditures for best practices training; whether plant upgrade B has been installed.b. the number of performance features built into branded models/styles annually; the durability of its athletic shoes; how much best practices training the average production worker has had; and plant reject rates.c. whether plant upgrade C has been installed; a company's cumulative spending for TQM/Six Sigma quality control programs; and expenditures for new styling/features per model.d. how well compensated its work force is; whether shoes are produced with standard materials or superior materials; the durability and quality of the footwear, and how many models/styles are included in its product line.e. whether materials are produced in-house or outsourced; overall footwear quality; how much is spent to inspect newly-produced pairs and avoid shipping defective shoes; the size of the incentives paid to production workers.
  • The factors that affect a company's S/Q rating include:
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined bya. how favorably its wholesale price compares with the highest wholesale price being charged by any rival in any geographic region.b. how favorably its wholesale price compares with the wholesale price being charged by company having the lowest-priced footwear brand (after all mail-in rebates are factored in).c. whether its wholesale price is above or below the average price of all companies competing in that geographic region.d. how favorably its wholesale price compares to the lowest price being charged by the rival company having the largest number of models/styles in the region.e. whether its wholesale price is above or below the average price of all companies having the same S/Q rating in the region.
How favorably its wholesale price compares with the average wholesale price of all companies competing in the region
  • A footwear makers price competitiveness in selling branded footwear to retailers in a particular geographic region is determined by
  • A company's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined by
  • The company's present production capability (as of Year 10) is:a. 4 million pairs without the use of overtime and 6 million pairs with the use of overtime.b. 6 million pairs without the use of overtime and 7.2 million pairs with the use of overtime.c. 6 million pairs without the use of overtime and 6.6 million pairs with the use of overtime.d. 8 million pairs without the use of overtime and 10 million pairs with the use of overtime.e. 4 million pairs without the use of overtime and 5 million pairs with the use of overtime.
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to:
its credit rating
  • The sale of one of a firm's SBUs to a competitor, and that SBU continues to operate is a _______.
  • The interest rate a company pays on loans outstanding depends on
  • The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of
  • The company currently has production facilities to make athletic footwear in
b. North America and Asia-Pacific.
  • The company currently has production facilities to make athletic footwear ina. Taiwan, India, Brazil, and Middle East.b. North America and Asia-Pacific.c. Asia-Pacific and Latin America.d. the Middle East and China.e. North America and Latin America.
  • Which of the following best describes the materials the company uses to make its footwear?a. Interior lining fabrics, waterproof microfibers, rubber, cotton shoelaces, and fiberglass threadb. Standard and superior materialsc. Synthetic fibers, waterproof polyesters, microfibers, rubber, high-strength threads, and metal eyeletsd. High-strength and regular-strength materialse. Normal-wear and long-wear materials
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $2 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 15%.c. tariffs of $8 per pair and shipping fees of $1 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 3-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 20%.
  • The company currently has production facilities to make athletic footwear in
b. 6 million pairs without the use of overtime and 7.2 million pairs with the use of overtime.
  • the interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of aa. its balance sheet strength as measured by its current ratio, debt-equity ratio, and accounts payable rationb. how many consecutive years the company has been profitable, its interest coverage ratio, and the number of loans it has paid of in time in the past five yearsc. its credit ratingd. its default risk ratio, its working capital ratio, its prior-year ROE and EPS, and its prior year net cash flow from operationse. its credit rating and the length of the term over which repayment is scheduled to occur
  • Which of the following are components of the compensation package for production workers at your company's plants?a. Annual base salary, teamwork bonuses, fringe benefits, and stock optionsb. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime payc. Hourly wages, fringe benefits, and overtime payd. Base wages, incentive payments per non defective pair produced, and overtime paye. Annual base pay, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay
  • The company's present production capability (as of Year 10) is:a. 4 million pairs without the use of overtime and 6 million pairs with the use of overtime.b. 6 million pairs without the use of overtime and 7.2 million pairs with the use of overtime.c. 6 million pairs without the use of overtime and 6.6 million pairs with the use of overtime.d. 8 million pairs without the use of overtime and 10 million pairs with the use of overtime.e. 4 million pairs without the use of overtime and 5 million pairs with the use of overtime.
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $2 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 15%.c. tariffs of $8 per pair and shipping fees of $1 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 3-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 20%.
b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.
  • In Year 11, footwear companies can expect to sell a. an average of 4.84 million branded pairs and an average of 800,000 private-label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort.b. an average of 5.2 million branded pairs and an average of 880,000 private-label pairs.c. an average of 5.5 million branded pairs and an average of 700,000 private-label pairs, although some companies may sell more pairs than the average and other companies may sell fewer than the average due to differing levels of competitive effort.d. no less than 3.95 and no more than 4.95 million branded pairs and no less than 650,000 and no more than 950,000 private-label pairs.e. exactly 4.844 million branded pairs and 800,000 private-label pairs.
  • The market for branded athletic footwear is projected to grow a. between 8-11% annually worldwide during the Year 11-20 period.b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.c. 6-9% annually in all four geographic regions during the Year 11-Year 15 period and 7-8% annually in all four regions during the Year 16-Year 20 period.d. 10-12% annually in North America and Europe-Africa during the Year 11-Year 15 period and 6-8% annually in these regions during the Year 16-Year 20 period.e. 6% annually in all four geographic markets during Years 11-15, and then slow gradually to 3% annually in all markets by Year 20.
  • The market for branded athletic wear is projected to grow
  • The market for branded athletic footwear is projected to grow
expenditures for search engine advertising
  • Which the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
  • Which the following are factors in determining a company's credit rating?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • The three competitive factors that impact only internet sales and market share in a region include
10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.
  • The market for branded athletic footwear is projected to grow a. between 8-11% annually worldwide during the Year 11-20 period.b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.c. 6-9% annually in all four geographic regions during the Year 11-Year 15 period and 7-8% annually in all four regions during the Year 16-Year 20 period.d. 10-12% annually in North America and Europe-Africa during the Year 11-Year 15 period and 6-8% annually in these regions during the Year 16-Year 20 period.e. 6% annually in all four geographic markets during Years 11-15, and then slow gradually to 3% annually in all markets by Year 20.
  • The market for private-label athletic footwear is projected to grow:
  • the market for branded athletic footwear is projected to grow
  • The market for private-label athletic footwear is projected to grow a. 10% annually in North America and Europe-Africa during the Year 11-Year 15 period and 8.5% annually in Latin America and the Asia-Pacific regions during the Year 11-Year 20 period.b. 10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.c. 6-8% annually in North America and Europe-Africa during the Year 11-Year 20 period and 10-12% annually in Latin America and the Asia-Pacific during the Year 11-Year 20 period.d. 12-14% annually in all 4 regions during the Year 11-Year 15 period and 8-10% annually in all 4 regions during the Year 16-Year 20 period.e. 12% annually in all four geographic markets during Years 11-15, and then slow gradually to 8% annually in all markets by Year 20.
strategy relates broadly to a company's competitive moves and business approaches (which may or may not lead to profitability) while its business model relates to whether the company can execute its customer value proposition profitability
  • The difference between a company's strategy and a company's business model is that
  • The reject rates at the company's footwear plants are a function of
  • Which of the following most accurately describes your company's plant operations?
  • The factors that affect a company's S/Q rating include:
9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period
  • Which of the following does not affect the reject rates at a company's plants?
  • Which of the following is/are not among the factors that affect worker productivity?
  • which of the following are components of the compensation package for production workers at your company's plants?
  • Buyer demand for branded athletic footwear is projected to grow
c. Earnings per share, ROE, stock price, credit rating, and image rating
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following are components of the compensation package for production workers at your company's plants?a. Annual base salary, teamwork bonuses, fringe benefits, and stock optionsb. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime payc. Hourly wages, fringe benefits, and overtime payd. Base wages, incentive payments per non defective pair produced, and overtime paye. Annual base pay, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay
  • Which of the following are the 5 measures on which a company's performance is judged/scored?a. S/Q rating, revenues, EPS, ROE, and year-end cash balanceb. Quality rating, stock price, dividends, credit rating, and net profit marginc. Earnings per share, ROE, stock price, credit rating, and image ratingd. Revenues, global market share, net profits, ROE, and credit ratinge. Revenues, net profit, stock price, credit rating, and global market share
  • which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply large multi-outlet retailers private-label footwear to chain retailers in a particular geographic region? A. the number of special high-performance features the company agrees to incorporate in the private-label footwear models it suppliesB. the S/Q ratings on the private-label footwear the company offers to supplyC. the price at which the company offers to supply retailers with private-label pairsD. the company's brand reputationE. the amount and caliber of merchandising and promotional support the company offers to provide
the company's approach to satisfying buyer needs and requirements at a price they will consider a good value
  • The customer value proposition portion of a company's business model concerns
  • The factors that affect a company's S/Q rating include:
  • Which of the following is not an accurate characteristic of your company's plant operations?
  • Based on the industry-low, industry average, and industry-high values, which one of the following would correctly indicate that one or more elements of your company's costs are too high compared to those of rival companies?
any applicable import tariffs and exchange rate adjustments.
  • The company's present production capability (as of Year 10) is
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $3 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 10%.c. tariffs of $6 per pair and shipping fees of $2 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 1-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 5%.
  • The company's shipments of newly produced branded and private label footwear from its plants to its regional distribution centers are subject to
How much is spent to inspect newly-produced pairs and avoid shipping defective shoes
  • Which of the following is not one of the factors that affect the S/Q rating of a company's footwear?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following are components of the total compensation package for production workers at your company's production facilities?
  • Which of the following currencies are NOT involved in affecting the operations of your company's business
Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per non-defective pair produced.
  • Which of the following most accurately describes your company's plant operations?
  • Which of the following is not an accurate characteristic of your company's plant operations?
  • Which of the following best describes the materials the company uses to make its footwear?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
c. The percentage of newly-hired workers and the percentage use of superior materials
  • which of the following are factors in determining a company's credit rating?a. a company's current ratio, quick ratio, inventory turnover ratio, and default risk ratiob. the percentage by which prior-year cash flow from operations covers a company's prior-year payments, the company's debt-asset ratio, its dividend payout ratio, and its default risk ratioc. its ratio of annual interest payments to net profits, current ratio, working capital ratio, debt-equity ratio, and return of capital employed ratiod. its loans outstanding as a % of total revenues, default risk ratio, inventory turnover ratio, and long-term debt to equity ratioe. its total debt-total stockholders' equity ratio, current ratio, working capital ratio, and ratio of prior-year cash flow from operations to prior-year interest payments
  • Which of the following are factors in determining a company's credit rating?
  • Which of the following is/are not among the factors that affect worker productivity?a. Expenditures for best practices trainingb. Whether plant upgrade option D has been installedc. The percentage of newly-hired workers and the percentage use of superior materialsd. The size of incentive payments per non-defective paire. Base pay increases
  • Which of the following best describes the materials the company uses to make its footwear?a. Interior lining fabrics, waterproof microfibers, rubber, cotton shoelaces, and fiberglass threadb. Standard and superior materialsc. Synthetic fibers, waterproof polyesters, microfibers, rubber, high-strength threads, and metal eyeletsd. High-strength and regular-strength materialse. Normal-wear and long-wear materials
a. Its default risk ratio, debt-asset ratio, and interest coverage ratio
  • Which of the following is NOT a factor is determining a company's unit sales and market share of branded footwear in a particular geographic region? (DO NOT confuse with question 15)
  • which of the following is not one of the factors that affect the S/Q rating of a company's footwear?a. whether production improvement option C has been installedb. the percentage use of superior materialsc. a company's cumulative spending for TQM/six stigma quality control programsd. the percentage use of new and refurbished footwear-making equipmente. expenditures on new styling features per model
  • Which of the following are the 5 measures on which a company's performance is judged/scored?a. S/Q rating, revenues, EPS, ROE, and year-end cash balanceb. Quality rating, stock price, dividends, credit rating, and net profit marginc. Earnings per share, ROE, stock price, credit rating, and image ratingd. Revenues, global market share, net profits, ROE, and credit ratinge. Revenues, net profit, stock price, credit rating, and global market share
  • Which the following are factors in determining a company's credit rating?a. Its default risk ratio, debt-asset ratio, and interest coverage ratiob. Its times-interest-earned ratio, debt-equity ratio, and return on investmentc. A company's current ratio, accounts payable, operating profit margin, and the margin by which free cash flow exceeds interest paymentsd. Its loans outstanding, dividend payout ratio, debt-equity ratio, and free cash flowe. Its debt-equity ratio, current ratio, and gross profit margin
North America, Latin America, Asia-Pacific, and Europe-Africa.
  • Which of the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
  • Which the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following are components of the compensation package for production workers at your company's plants?
a. any applicable import tariffs and exchange rate adjustments.
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $3 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 10%.c. tariffs of $6 per pair and shipping fees of $2 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 1-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 5%.
  • Which the following are factors in determining a company's credit rating?a. Its default risk ratio, debt-asset ratio, and interest coverage ratiob. Its times-interest-earned ratio, debt-equity ratio, and return on investmentc. A company's current ratio, accounts payable, operating profit margin, and the margin by which free cash flow exceeds interest paymentsd. Its loans outstanding, dividend payout ratio, debt-equity ratio, and free cash flowe. Its debt-equity ratio, current ratio, and gross profit margin
  • The market for branded athletic footwear is projected to grow a. between 8-11% annually worldwide during the Year 11-20 period.b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.c. 6-9% annually in all four geographic regions during the Year 11-Year 15 period and 7-8% annually in all four regions during the Year 16-Year 20 period.d. 10-12% annually in North America and Europe-Africa during the Year 11-Year 15 period and 6-8% annually in these regions during the Year 16-Year 20 period.e. 6% annually in all four geographic markets during Years 11-15, and then slow gradually to 3% annually in all markets by Year 20.
  • A health drink company is known for launching drinks with flavors which are different from what are offered in the market. It regularly indulges in experimentation to come up with new and exotic flavored drinks. It is also able to charge prices that are higher than what other health drink companies charge. What advantage would the company enjoy because of the strategy it follows?
a. Asia-Pacific, Europe-Africa, North America, and Latin America
  • Which the following are the four geographic regions in which the company sells branded and private-label athletic footwear? a. Asia-Pacific, Europe-Africa, North America, and Latin Americab. The European Union, North America, Southeast Asia, and Latin Americac. Latin America, Europe, China, and North Americad. Argentina, Great Britain, the U.S., and Japane. North America, Asia, European Union, and Middle East
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
  • Which one of the following does not affect the reject rates at a company's plants?a. The size of the incentive payment per non-defective pair producedb. Spending for TQM/Six Sigma quality control effortsc. The number of models/styles comprising the company's product lined. The installation of plant upgrade Ce. Spending for best practices training
  • which of the following is the most important competitive factor in determining a company's ability to secure contracts to a supply private-label footwear to chain retailers in a particular geographic region?A. the amount of merchandising and promotional support the company agrees to provide to chain retailers that market its private label brandB. the appeal of the celebrities the company has signed to endorse its branded footwearC. the reputation the company has for being a supplier of high-quality private-label footwearD. the company's price offer to supply chain retailers with private-label footwearE. the amount of brand advertising support the company agrees to provide to chain retailers
d. The installation of plant upgrade C
  • Which one of the following is NOT one of the competitive factors that impact both Internet Sales and Wholesale Sales of branded footwear?
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?a. Whether the company's private-label footwear has a higher S/Q rating than the footwear of rival private-label manufacturersb. The number of models/styles comprising the company's product linec. The appeal of the celebrities signed to endorse the company's footweard. The amount of merchandising support provided to retailerse. The company's bid price
  • Which one of the following does not affect the reject rates at a company's plants?a. The size of the incentive payment per non-defective pair producedb. Spending for TQM/Six Sigma quality control effortsc. The number of models/styles comprising the company's product lined. The installation of plant upgrade Ce. Spending for best practices training
  • Which one of the following actions is most likely to result in higher production costs per branded pair at one of your company's production facilities?
North America, Latin America, Asia-Pacific, and Europe-Africa,
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
  • Which the following are factors in determining a company's credit rating?
  • Which the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
  • Which of the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
a. an average of 4.84 million branded pairs and an average of 800,000 private-label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort.
  • which of the following are factors in determining a company's credit rating?a. a company's current ratio, quick ratio, inventory turnover ratio, and default risk ratiob. the percentage by which prior-year cash flow from operations covers a company's prior-year payments, the company's debt-asset ratio, its dividend payout ratio, and its default risk ratioc. its ratio of annual interest payments to net profits, current ratio, working capital ratio, debt-equity ratio, and return of capital employed ratiod. its loans outstanding as a % of total revenues, default risk ratio, inventory turnover ratio, and long-term debt to equity ratioe. its total debt-total stockholders' equity ratio, current ratio, working capital ratio, and ratio of prior-year cash flow from operations to prior-year interest payments
  • In Year 11, footwear companies can expect to sell a. an average of 4.84 million branded pairs and an average of 800,000 private-label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort.b. an average of 5.2 million branded pairs and an average of 880,000 private-label pairs.c. an average of 5.5 million branded pairs and an average of 700,000 private-label pairs, although some companies may sell more pairs than the average and other companies may sell fewer than the average due to differing levels of competitive effort.d. no less than 3.95 and no more than 4.95 million branded pairs and no less than 650,000 and no more than 950,000 private-label pairs.e. exactly 4.844 million branded pairs and 800,000 private-label pairs.
  • The market for private-label athletic footwear is projected to grow a. 10% annually in North America and Europe-Africa during the Year 11-Year 15 period and 8.5% annually in Latin America and the Asia-Pacific regions during the Year 11-Year 20 period.b. 10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.c. 6-8% annually in North America and Europe-Africa during the Year 11-Year 20 period and 10-12% annually in Latin America and the Asia-Pacific during the Year 11-Year 20 period.d. 12-14% annually in all 4 regions during the Year 11-Year 15 period and 8-10% annually in all 4 regions during the Year 16-Year 20 period.e. 12% annually in all four geographic markets during Years 11-15, and then slow gradually to 8% annually in all markets by Year 20.
  • In Year 11, footwear companies can expect to sell
d. Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per non-defective pair produced.
  • Which of the following best describes the materials the company uses to make its footwear?a. Interior lining fabrics, waterproof microfibers, rubber, cotton shoelaces, and fiberglass threadb. Standard and superior materialsc. Synthetic fibers, waterproof polyesters, microfibers, rubber, high-strength threads, and metal eyeletsd. High-strength and regular-strength materialse. Normal-wear and long-wear materials
  • Which of the following most accurately describes your company's plant operations?
  • Which of the following most accurately describes your company's plant operations?a. Standard materials are used to make private-label shoes and are sourced from outside suppliers; superior materials are produced in-house and are used in branded footwear production.b. All private-label footwear is outsourced form contract manufacturers in Latin America and the Asia-Pacific at prices of $12.50 per pair.c. Branded footwear is produced round-the-clock (3 shifts per day) 5 days per week; private-label footwear is made using only 1 shift per day (due to higher production-run set-up times for private-label models/styles).d. Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per non-defective pair produced.e.TQM/Six Sigma quality control is used to reduce reject rates while best practices training is used to increase S/Q ratings and the number of different models that can be produced each week.
  • Which of the following are the 5 measures on which a company's performance is judged/scored?a. S/Q rating, revenues, EPS, ROE, and year-end cash balanceb. Quality rating, stock price, dividends, credit rating, and net profit marginc. Earnings per share, ROE, stock price, credit rating, and image ratingd. Revenues, global market share, net profits, ROE, and credit ratinge. Revenues, net profit, stock price, credit rating, and global market share
Whether its wholesale price is above or below the average wholesale price of all companies competing in that geographic region.
  • According to Figure 1.1, which of the following is not something to look for in identifying a company's strategy?
  • Which of the following questions helps distinguishing a winning strategy from a mediocre or losing strategy?
  • If you offer free shipping in the internet market, the shipping and handling fees that you will have to "absorb" is how much per pair of shoes?
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region in determined by:
b. 10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.
  • The market for private-label athletic footwear is projected to grow a. 10% annually in North America and Europe-Africa during the Year 11-Year 15 period and 8.5% annually in Latin America and the Asia-Pacific regions during the Year 11-Year 20 period.b. 10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.c. 6-8% annually in North America and Europe-Africa during the Year 11-Year 20 period and 10-12% annually in Latin America and the Asia-Pacific during the Year 11-Year 20 period.d. 12-14% annually in all 4 regions during the Year 11-Year 15 period and 8-10% annually in all 4 regions during the Year 16-Year 20 period.e. 12% annually in all four geographic markets during Years 11-15, and then slow gradually to 8% annually in all markets by Year 20.
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined bya. how favorably its wholesale price compares with the highest wholesale price being charged by any rival in any geographic region.b. how favorably its wholesale price compares with the wholesale price being charged by company having the lowest-priced footwear brand (after all mail-in rebates are factored in).c. whether its wholesale price is above or below the average price of all companies competing in that geographic region.d. how favorably its wholesale price compares to the lowest price being charged by the rival company having the largest number of models/styles in the region.e. whether its wholesale price is above or below the average price of all companies having the same S/Q rating in the region.
  • The market for branded athletic footwear is projected to grow
  • The market for private-label athletic footwear is projected to grow
exactly 4.844 million branded pairs and 800,000 private-label pairs.
  • Which of the following is not a distribution channel available in the game?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Good strategy and good strategy execution
  • In Year 11, footwear companies can expect to sell
9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.
  • The market for private-label athletic footwear is projected to grow:
  • The factors that affect a company's S/Q rating include:
  • Which of the following is true concerning mail-in rebates?
  • The market for branded athletic footwear is projected to grow
c. whether its wholesale price is above or below the average price of all companies competing in that geographic region.
  • Which the following are factors in determining a company's credit rating?a. Its default risk ratio, debt-asset ratio, and interest coverage ratiob. Its times-interest-earned ratio, debt-equity ratio, and return on investmentc. A company's current ratio, accounts payable, operating profit margin, and the margin by which free cash flow exceeds interest paymentsd. Its loans outstanding, dividend payout ratio, debt-equity ratio, and free cash flowe. Its debt-equity ratio, current ratio, and gross profit margin
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region in determined by:
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined bya. how favorably its wholesale price compares with the highest wholesale price being charged by any rival in any geographic region.b. how favorably its wholesale price compares with the wholesale price being charged by company having the lowest-priced footwear brand (after all mail-in rebates are factored in).c. whether its wholesale price is above or below the average price of all companies competing in that geographic region.d. how favorably its wholesale price compares to the lowest price being charged by the rival company having the largest number of models/styles in the region.e. whether its wholesale price is above or below the average price of all companies having the same S/Q rating in the region.
  • Which of the following is/are not among the factors that affect worker productivity?a. Expenditures for best practices trainingb. Whether plant upgrade option D has been installedc. The percentage of newly-hired workers and the percentage use of superior materialsd. The size of incentive payments per non-defective paire. Base pay increases
the size of incentive payments per non-defective pair, base pay increases, how favorably a company's compensation package compares with the industry-average compensation package, and expenditures for best practices training.
  • In Year 11, footwear companies can expect to sell
  • the factors that affect worker productivity include
  • Which of the following is true concerning mail-in rebates?
  • The factors that affect a company's S/Q rating by the International Footwear Federation include
c. Footwear features and footwear durability
  • Which of the following is/are not among the factors that affect worker productivity?a. Expenditures for best practices trainingb. Whether plant upgrade option D has been installedc. The percentage of newly-hired workers and the percentage use of superior materialsd. The size of incentive payments per non-defective paire. Base pay increases
  • Which one of the following is not a factor in determining a company's unit sales and market share of branded footwear in a particular geographic region?a. The number of retailers stocking the company's footwear brandb. The number of models/styles in the company's product linec. Footwear features and footwear durabilityd. S/Q ratings of the company's footweare. Expenditures for retailer support
  • Which of the following best describes the materials the company uses to make its footwear?a. Interior lining fabrics, waterproof microfibers, rubber, cotton shoelaces, and fiberglass threadb. Standard and superior materialsc. Synthetic fibers, waterproof polyesters, microfibers, rubber, high-strength threads, and metal eyeletsd. High-strength and regular-strength materialse. Normal-wear and long-wear materials
  • Which one of the following does not affect the reject rates at a company's plants?a. The size of the incentive payment per non-defective pair producedb. Spending for TQM/Six Sigma quality control effortsc. The number of models/styles comprising the company's product lined. The installation of plant upgrade Ce. Spending for best practices training
The size of the incentive payment per non-defective pair produced, spending for best practices training, spending for TQM/Six Sigma quality control efforts, the number of models/style comprising the company's product line, and installation of plant upgrade option A.
  • The factors that affect a company's S/Q rating include:
  • The market for PRIVATE label athletic footwear is projected to grow
  • What are the benefits of spending on best practice training?
  • The reject rates at the company's footwear plants are function of:
9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 5-7% annually in North America and Europe-Africa during the Year 11-Year 15 period.
  • The market for branded athletic footwear is projected to grow:
  • Buyer demand for branded athletic footwear is projected to grow
  • the factors that affect worker productivity include
  • The company's present production capability (as of Year 10) is
Asia-Pacific and North America
  • Which of the following is NOT included as in Porter's Five Forces Framework?
  • The company currently has production facilities to make athletic footwear in
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $2 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 15%.c. tariffs of $8 per pair and shipping fees of $1 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 3-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 20%.
  • Which of the following best describes the materials the company uses to make its footwear?
Core Product, Actual Product, Augmented Product
  • Good strategy combined with good strategy execution
  • What labels go with the designated areas in Kotler's model?
  • Which of the following statements about a company's strategy is true?
  • the interest rate a company pays on loans outstanding depends on
d. Base wages, incentive payments per non defective pair produced, and overtime pay
  • Which of the following are components of the compensation package for production workers at your company's plants?a. Annual base salary, teamwork bonuses, fringe benefits, and stock optionsb. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime payc. Hourly wages, fringe benefits, and overtime payd. Base wages, incentive payments per non defective pair produced, and overtime paye. Annual base pay, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay
  • Which the following are factors in determining a company's credit rating?a. Its default risk ratio, debt-asset ratio, and interest coverage ratiob. Its times-interest-earned ratio, debt-equity ratio, and return on investmentc. A company's current ratio, accounts payable, operating profit margin, and the margin by which free cash flow exceeds interest paymentsd. Its loans outstanding, dividend payout ratio, debt-equity ratio, and free cash flowe. Its debt-equity ratio, current ratio, and gross profit margin
  • which of the following is among the 13 competitive factors that affect each company's branded footwear sales volumes and market shares in each of the 4 geographic market regions?a. the number of discount-price sales promotions on athletic footwear that each company's footwear retailers have annuallyb. the length of the warranties covering defective materials or workmanship that each footwear maker elects to provide on each branded pair purchased by buyerc. the percentage of footwear-maker's models/styles that have retail prices under $100d. the size of the percentage price discount off the standard retail price that footwear companies offer people shopping for athletic footwear at their websitese. the number of retailers stocking each company's footwear brand and the number of weeks each company takes to deliver orders to retailers
  • Which of the following are components of the compensation package for production workers at your company's plants?
market development
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?
  • Which of the following best describes the materials the company uses to make its footwear?a. Interior lining fabrics, waterproof microfibers, rubber, cotton shoelaces, and fiberglass threadb. Standard and superior materialsc. Synthetic fibers, waterproof polyesters, microfibers, rubber, high-strength threads, and metal eyeletsd. High-strength and regular-strength materialse. Normal-wear and long-wear materials
  • Comfort Shoes Inc. is a firm that manufactures orthopedic shoes and sells them at retail stores in New York. Based on the popularity of the shoes, the firm decides to expand operations to other regions. In this example, Comfort Shoes Inc. uses which of the following strategies?
  • Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply private-label footwear to chain retailers in a particular geographic region?
build production facilities in Latin America and then expand its capacity as may be needed so that the production facility has the capability to supply all of the branded and private-label pairs the company intends to try to sell in Latin America
  • The factors that affect a company's S/Q rating include:
  • The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution warehouse in Latin America is to
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region in determined by:
  • Which of the following statements about the average wholesale price a company charges footwear retailers in a given geographic region is incorrect?
generic strategies
  • The company currently has production facilities to make athletic footwear in
  • the interest rate a company pays on loans outstanding depends on
  • Which generic strategy is usually associated with the discount retailers such as Wal-Mart?
  • The name given to Michael Porter's group of strategies used at the competitive (business) strategy level.
Operating Profit / Interest Expense
  • Interest Coverage Ratio (Times-Interest-Earned)
  • Gross Profit (also called Gross Income)
  • If Dell Computer were to acquire Intel, it would best be described as an example of ______.
  • "Given the business (es) we are in, how should we compete?" is the question asked at the ____ level.
E. the size of the incentive payment per non-defective pair produced, per pair spending for TQM/six stigma quality control efforts, the number of models/styles compromising the company's product line, and the installation of plant upgrade option A
  • The interest rate a company pays on loans outstanding depends on a. its free cash flow in the prior year and whether its prior-year net profit margin exceeded 10%.b. its credit rating.c. Its accounts payable ratio, its debt-assets ratio, and its loan default percentage over the past three years.d. its current ratio, debt-equity ratio, and default risk ratio.e. its current ratio, the amount of cash on hand to make interest payments, and the average annual amount of free cash flow.
  • The market for branded athletic footwear is projected to grow a. between 8-11% annually worldwide during the Year 11-20 period.b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.c. 6-9% annually in all four geographic regions during the Year 11-Year 15 period and 7-8% annually in all four regions during the Year 16-Year 20 period.d. 10-12% annually in North America and Europe-Africa during the Year 11-Year 15 period and 6-8% annually in these regions during the Year 16-Year 20 period.e. 6% annually in all four geographic markets during Years 11-15, and then slow gradually to 3% annually in all markets by Year 20.
  • The heart and soul of any strategy
  • the reject rate at the company's footwear production facilities are a function of such factors asa. per worker expenditures for best practices training, the number and size each production facility's production capacity, the number of hours of overtime pay production workers receive, and whether the production facility has installed production improvement option Db. the S/Q rating of the pairs being produced, the percentage use of superior materials, and the installation of production improvement option Cc. the size of workers annual base pay, yearend incentive bonuses, the number of hours of overtime pay, the S/Q rating of the pairs being produced, annd the number of models/styles compromising the company's product lined. spending for TQM/six sigma, quality control efforts, the number of models/styles compromising equipment, and whether production improvement option A has been installede. the size of the incentive payment per non-defective pair produced, per pair spending for TQM/six stigma quality control efforts, the number of models/styles compromising the company's product line, and the installation of plant upgrade option A
C. the price at which the company offers to supply retailers with private-label pairs
  • Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply large multi-outlet retailers private-label footwear to chain retailers in a particular geographic region?
  • which of the following most accurately describes your company's operations?a. branded production always takes place during regular time to save on labor costs, while the production of private-label footwear occurs chiefly during overtime periodsb. the company compensates production workers at the rate of $2 for each pair produced and uses TQM/six stigma quality control programs to keep reject rates under 1% of the branded pairs producedc. standard materials are used to make private-label shoes and superior materials are used to make branded footweard. TQM/six stigma quality control programs and best practices training are a means of increasing the S/Q ratings of both branded and private-label footwear produced at each production facilitye. workers are organized into 3 person footwear production and assembly teams; each team has the capability to make 5,000 pairs annually; and teams are compensated at the rate of $12 per pair produced during regular time and $18 per pair when facilities are operating at overtime
  • which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply large multi-outlet retailers private-label footwear to chain retailers in a particular geographic region? A. the number of special high-performance features the company agrees to incorporate in the private-label footwear models it suppliesB. the S/Q ratings on the private-label footwear the company offers to supplyC. the price at which the company offers to supply retailers with private-label pairsD. the company's brand reputationE. the amount and caliber of merchandising and promotional support the company offers to provide
  • Which of the following most accurately describes your company's plant operations?a. Standard materials are used to make private-label shoes and are sourced from outside suppliers; superior materials are produced in-house and are used in branded footwear production.b. All private-label footwear is outsourced form contract manufacturers in Latin America and the Asia-Pacific at prices of $12.50 per pair.c. Branded footwear is produced round-the-clock (3 shifts per day) 5 days per week; private-label footwear is made using only 1 shift per day (due to higher production-run set-up times for private-label models/styles).d. Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per non-defective pair produced.e.TQM/Six Sigma quality control is used to reduce reject rates while best practices training is used to increase S/Q ratings and the number of different models that can be produced each week.
Any applicable import tariffs and exchange rate adjustments.
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to:
  • The company's shipments of newly-produced, branded and private-label footwear from its plants to its regional distribution centers are subject to
  • The company currently has production facilities to make athletic footwear in
D. the company's price offer to supply chain retailers with private-label footwear
  • which of the following is not one of the factors that affect the S/Q rating of a company's footwear?a. whether production improvement option C has been installedb. the percentage use of superior materialsc. a company's cumulative spending for TQM/six stigma quality control programsd. the percentage use of new and refurbished footwear-making equipmente. expenditures on new styling features per model
  • which of the following is the most important competitive factor in determining a company's ability to secure contracts to a supply private-label footwear to chain retailers in a particular geographic region?A. the amount of merchandising and promotional support the company agrees to provide to chain retailers that market its private label brandB. the appeal of the celebrities the company has signed to endorse its branded footwearC. the reputation the company has for being a supplier of high-quality private-label footwearD. the company's price offer to supply chain retailers with private-label footwearE. the amount of brand advertising support the company agrees to provide to chain retailers
  • Which of the following are components of the compensation package for production workers at your company's plants?a. Annual base salary, teamwork bonuses, fringe benefits, and stock optionsb. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime payc. Hourly wages, fringe benefits, and overtime payd. Base wages, incentive payments per non defective pair produced, and overtime paye. Annual base pay, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay
  • which of the following is among the 13 competitive factors that affect each company's branded footwear sales volumes and market shares in each of the 4 geographic market regions?a. the number of discount-price sales promotions on athletic footwear that each company's footwear retailers have annuallyb. the length of the warranties covering defective materials or workmanship that each footwear maker elects to provide on each branded pair purchased by buyerc. the percentage of footwear-maker's models/styles that have retail prices under $100d. the size of the percentage price discount off the standard retail price that footwear companies offer people shopping for athletic footwear at their websitese. the number of retailers stocking each company's footwear brand and the number of weeks each company takes to deliver orders to retailers
Earnings per share, ROE, Stock price, Credit rating, and image rating
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following are effective ways for managers to try to boost a company's stock price?
  • which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
Management's choice of which of several alternative business models to employ in delivering value to customers and to shareholders
  • Which of the following is not something a company's strategy is concerned with?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following is/are not among the factors that affect worker productivity?
b. Standard and superior materials
  • Which of the following is/are not among the factors that affect worker productivity?
  • which of the following best describes the materials the company uses to make its footwear?
  • which of the following is not among the factors that affect worker productivity?a. how favorably the total annual compensation of workers compares to industry-average total compensation levels at production facilities in the same regionb. the percentage increases in annual base payc. whether production workers are producing and assembling footwear with an S/Q rating above 7.0 starsd. the number of materials workers must assemble at a given production facilitye. expenditures on best practices training
  • Which of the following best describes the materials the company uses to make its footwear?a. Interior lining fabrics, waterproof microfibers, rubber, cotton shoelaces, and fiberglass threadb. Standard and superior materialsc. Synthetic fibers, waterproof polyesters, microfibers, rubber, high-strength threads, and metal eyeletsd. High-strength and regular-strength materialse. Normal-wear and long-wear materials
U.S. dollars, Singapore dollars, euros, and Brazilian reals
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following are factors in determining a company's credit rating?
any applicable import tariffs and exchange rate adjustments
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $3 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 10%.c. tariffs of $6 per pair and shipping fees of $2 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 1-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 5%.
  • The company currently has production facilities to make athletic footwear in
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to
  • The company's shipments of newly produced branded and private label footwear from its plants to its regional distribution centers are subject to
whether its wholesale price is above or below the average price of all companies competing in that geographic region
  • Based on figure 1.1, which of the following is not something to look for in identifying a company's strategy?
  • A footwear makers price competitiveness in selling branded footwear to retailers in a particular geographic region is determined by
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region in determined by:
  • The customer value proposition portion of a company's business model concerns
e. The company's bid price
  • Which one of the following does not affect the reject rates at a company's plants?a. The size of the incentive payment per non-defective pair producedb. Spending for TQM/Six Sigma quality control effortsc. The number of models/styles comprising the company's product lined. The installation of plant upgrade Ce. Spending for best practices training
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-lable footwear in a particular geographic region?
  • Which of the following is/are not among the factors that affect worker productivity?a. Expenditures for best practices trainingb. Whether plant upgrade option D has been installedc. The percentage of newly-hired workers and the percentage use of superior materialsd. The size of incentive payments per non-defective paire. Base pay increases
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?a. Whether the company's private-label footwear has a higher S/Q rating than the footwear of rival private-label manufacturersb. The number of models/styles comprising the company's product linec. The appeal of the celebrities signed to endorse the company's footweard. The amount of merchandising support provided to retailerse. The company's bid price
When managers determine that all of the company's available production capacity will not be needed to produce branded footwear and that the total amount of idle production capacity at its production facilities will be sufficient to meet or exceed the 100,000 pair minimum delivery requirement of chain retailers in each region
  • Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply large multi-outlet retailers private-label footwear to chain retailers in a particular geographic region?
  • Which one of the following is not a factor in determining a company's unit sales and market share of branded footwear in a particular geographic region?
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to
  • Under what circumstances should a company's management team give serious consideration to making an offer to supply private-label footwear to chain retailers in a particular geographic region?
Earnings Per Share x Dividend payout ratio
  • Which of the following are the 5 measures on which a company's performance is judged/scored?a. S/Q rating, revenues, EPS, ROE, and year-end cash balanceb. Quality rating, stock price, dividends, credit rating, and net profit marginc. Earnings per share, ROE, stock price, credit rating, and image ratingd. Revenues, global market share, net profits, ROE, and credit ratinge. Revenues, net profit, stock price, credit rating, and global market share
  • The company currently has production facilities to make athletic footwear in
  • Which of the following best describes the materials the company uses to make its footwear?
  • Dividends paid per share
how favorably its wholesale price compares with the wholesale price of the company having the highest S/Q rating in any of the four geographic regions.
  • The market for BRANDED athletic footwear is projected to grow
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined by
  • A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined bya. how favorably its wholesale price compares with the highest wholesale price being charged by any rival in any geographic region.b. how favorably its wholesale price compares with the wholesale price being charged by company having the lowest-priced footwear brand (after all mail-in rebates are factored in).c. whether its wholesale price is above or below the average price of all companies competing in that geographic region.d. how favorably its wholesale price compares to the lowest price being charged by the rival company having the largest number of models/styles in the region.e. whether its wholesale price is above or below the average price of all companies having the same S/Q rating in the region.
  • the market for private-label athletic footwear is projected to grow
A private label footwear is outsourced from contract manufacturers in Latin America and the Asia-Pacific at prices equal to $8 per pair
  • Which of the following is not an accurate characteristic of your company's plant operations?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following is/are not among the factors that affect worker productivity?
  • Which of the following is not an accurate description of your company's plant operations?
base wages, incentive payments per non defective pair produced, and overtime pay
  • Which of the following is/are not among the factors that affect worker productivity?a. Expenditures for best practices trainingb. Whether plant upgrade option D has been installedc. The percentage of newly-hired workers and the percentage use of superior materialsd. The size of incentive payments per non-defective paire. Base pay increases
  • Which of the following statements about the average wholesale price a company charges footwear retailers in a given geographic region is incorrect?
  • which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
whether its wholesale price is above or below the average wholesale price of all companies competing in that geographic region.
  • Which of the following are components of the total compensation package for production workers at your company's production facilities?
  • a footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined by
  • Which one of the following statements about whether a company's strategy can be considered ethical is true?
  • Which of the following is not one of the reasons that a company's strategy evolves over time?
E. its credit rating and the length of the term over which repayment is scheduled to occur
  • the interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of aa. its balance sheet strength as measured by its current ratio, debt-equity ratio, and accounts payable rationb. how many consecutive years the company has been profitable, its interest coverage ratio, and the number of loans it has paid of in time in the past five yearsc. its credit ratingd. its default risk ratio, its working capital ratio, its prior-year ROE and EPS, and its prior year net cash flow from operationse. its credit rating and the length of the term over which repayment is scheduled to occur
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $3 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 10%.c. tariffs of $6 per pair and shipping fees of $2 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 1-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 5%.
  • which of the following is the most important competitive factor in determining a company's ability to secure contracts to a supply private-label footwear to chain retailers in a particular geographic region?A. the amount of merchandising and promotional support the company agrees to provide to chain retailers that market its private label brandB. the appeal of the celebrities the company has signed to endorse its branded footwearC. the reputation the company has for being a supplier of high-quality private-label footwearD. the company's price offer to supply chain retailers with private-label footwearE. the amount of brand advertising support the company agrees to provide to chain retailers
  • which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply large multi-outlet retailers private-label footwear to chain retailers in a particular geographic region? A. the number of special high-performance features the company agrees to incorporate in the private-label footwear models it suppliesB. the S/Q ratings on the private-label footwear the company offers to supplyC. the price at which the company offers to supply retailers with private-label pairsD. the company's brand reputationE. the amount and caliber of merchandising and promotional support the company offers to provide
Footwear features and footwear durability
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
  • Which one of the following is not one of the factors that affect the S/Q rating of a company's footwear?
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-lable footwear in a particular geographic region?
  • Which one of the following is not a factor in determining a company's unit sales and market share of branded footwear in a particular geographic region?
10% or $1,440,000
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to
  • Strategy formulation, strategy implementation, and ____ are the steps (or phases) in the strategic management process.
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $3 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 10%.c. tariffs of $6 per pair and shipping fees of $2 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 1-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 5%.
  • If a company spends $14.4 million to install refurbished footwear-making equipment with capacity to produce 1 million pairs of athletic footwear at its North American production facility, then its annual depreciation costs at that facility will rise by
Your company's operating profit margin in the Wholesale segment of the North America region is only 5% about the industry low
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?
  • Based on the industry-low, industry average, and industry-high values, which one of the following would correctly indicate that one or more elements of your company's costs are too high compared to those of rival companies?
  • Which of the following is/are not among the factors that affect worker productivity?a. Expenditures for best practices trainingb. Whether plant upgrade option D has been installedc. The percentage of newly-hired workers and the percentage use of superior materialsd. The size of incentive payments per non-defective paire. Base pay increases
  • Which of the following is not an accurate characteristic of your company's plant operations?
The merger of Glaxo with Smith-Kline Beechum
  • Which of the following is the best example of a horizontal integration strategy?
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
Well-crafted company strategies rarely need to be changed unless one or more important rival firms launch unexpected strategic initiatives that endanger the company's strategy long-term profitability
  • Which of the following questions helps distinguishing a winning strategy from a mediocre or losing strategy?
  • Which of the following statements about striving to reduce labor costs per pair produced at each of the company's plants is true?
  • Which of the following statements about a company's strategy is false?
  • Which of the following are factors in determining a company's credit rating?
The company's bid price.
  • Which of the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-lable footwear in a particular geographic region?
  • Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply private-label footwear to chain retailers in a particular geographic region?
  • Which of the following best describes the materials the company uses to make its footwear?
Annual base pay increasesHow much emphasis is placed on incentive compensationThe total annual compensationThe amount the company spends annually per worker on best practices trainingThe number of models workers must assemble at a given plantHigher supervisor salariesA smaller ratio of production workers to supervisorsThe use of new equipment9.Whether Production Improvement Option D has been installed at the plant
  • The factors that affect worker productivity include:
  • The factors that affect worker productivity include
  • the market for private-label athletic footwear is projected to grow
  • The market for branded athletic footwear is projected to grow
Shares outstanding x price per share
  • The company currently has production facilities to make athletic footwear in
  • Market Capitalization
  • Addition to retained earnings
  • Gross Profit (also called Gross Income)
standard and superior materials
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • which of the following best describes the materials the company uses to make its footwear?
  • Which of the following is not an accurate characteristic of your company's plant operations?
  • which of the following are the 5 measures on which a company's performance is judged/scored?
E. the number of retailers stocking each company's footwear brand and the number of weeks each company takes to deliver orders to retailers
  • which of the following is not among the factors that affect worker productivity?a. how favorably the total annual compensation of workers compares to industry-average total compensation levels at production facilities in the same regionb. the percentage increases in annual base payc. whether production workers are producing and assembling footwear with an S/Q rating above 7.0 starsd. the number of materials workers must assemble at a given production facilitye. expenditures on best practices training
  • which of the following is the most important competitive factor in determining a company's ability to secure contracts to a supply private-label footwear to chain retailers in a particular geographic region?A. the amount of merchandising and promotional support the company agrees to provide to chain retailers that market its private label brandB. the appeal of the celebrities the company has signed to endorse its branded footwearC. the reputation the company has for being a supplier of high-quality private-label footwearD. the company's price offer to supply chain retailers with private-label footwearE. the amount of brand advertising support the company agrees to provide to chain retailers
  • which of the following is among the 13 competitive factors that affect each company's branded footwear sales volumes and market shares in each of the 4 geographic market regions?a. the number of discount-price sales promotions on athletic footwear that each company's footwear retailers have annuallyb. the length of the warranties covering defective materials or workmanship that each footwear maker elects to provide on each branded pair purchased by buyerc. the percentage of footwear-maker's models/styles that have retail prices under $100d. the size of the percentage price discount off the standard retail price that footwear companies offer people shopping for athletic footwear at their websitese. the number of retailers stocking each company's footwear brand and the number of weeks each company takes to deliver orders to retailers
  • Which of the following are components of the compensation package for production workers at your company's plants?a. Annual base salary, teamwork bonuses, fringe benefits, and stock optionsb. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime payc. Hourly wages, fringe benefits, and overtime payd. Base wages, incentive payments per non defective pair produced, and overtime paye. Annual base pay, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay
10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period
  • The market for branded athletic footwear is projected to grow a. between 8-11% annually worldwide during the Year 11-20 period.b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.c. 6-9% annually in all four geographic regions during the Year 11-Year 15 period and 7-8% annually in all four regions during the Year 16-Year 20 period.d. 10-12% annually in North America and Europe-Africa during the Year 11-Year 15 period and 6-8% annually in these regions during the Year 16-Year 20 period.e. 6% annually in all four geographic markets during Years 11-15, and then slow gradually to 3% annually in all markets by Year 20.
  • The market for PRIVATE label athletic footwear is projected to grow
  • The market for private-label athletic footwear is projected to grow a. 10% annually in North America and Europe-Africa during the Year 11-Year 15 period and 8.5% annually in Latin America and the Asia-Pacific regions during the Year 11-Year 20 period.b. 10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.c. 6-8% annually in North America and Europe-Africa during the Year 11-Year 20 period and 10-12% annually in Latin America and the Asia-Pacific during the Year 11-Year 20 period.d. 12-14% annually in all 4 regions during the Year 11-Year 15 period and 8-10% annually in all 4 regions during the Year 16-Year 20 period.e. 12% annually in all four geographic markets during Years 11-15, and then slow gradually to 8% annually in all markets by Year 20.
  • The market for private-label athletic footwear is projected to grow
D. TQM/six stigma quality control programs and best practices training are a means of increasing the S/Q ratings of both branded and private-label footwear produced at each production facility
  • Which of the following is not one of the reasons that a company's strategy evolves over time?
  • which of the following most accurately describes your company's operations?a. branded production always takes place during regular time to save on labor costs, while the production of private-label footwear occurs chiefly during overtime periodsb. the company compensates production workers at the rate of $2 for each pair produced and uses TQM/six stigma quality control programs to keep reject rates under 1% of the branded pairs producedc. standard materials are used to make private-label shoes and superior materials are used to make branded footweard. TQM/six stigma quality control programs and best practices training are a means of increasing the S/Q ratings of both branded and private-label footwear produced at each production facilitye. workers are organized into 3 person footwear production and assembly teams; each team has the capability to make 5,000 pairs annually; and teams are compensated at the rate of $12 per pair produced during regular time and $18 per pair when facilities are operating at overtime
  • Which of the following are components of the compensation package for production workers at your company's plants?a. Annual base salary, teamwork bonuses, fringe benefits, and stock optionsb. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime payc. Hourly wages, fringe benefits, and overtime payd. Base wages, incentive payments per non defective pair produced, and overtime paye. Annual base pay, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay
  • Which of the following most accurately describes your company's plant operations?a. Standard materials are used to make private-label shoes and are sourced from outside suppliers; superior materials are produced in-house and are used in branded footwear production.b. All private-label footwear is outsourced form contract manufacturers in Latin America and the Asia-Pacific at prices of $12.50 per pair.c. Branded footwear is produced round-the-clock (3 shifts per day) 5 days per week; private-label footwear is made using only 1 shift per day (due to higher production-run set-up times for private-label models/styles).d. Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per non-defective pair produced.e.TQM/Six Sigma quality control is used to reduce reject rates while best practices training is used to increase S/Q ratings and the number of different models that can be produced each week.
SWOT analysis
  • The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a. any applicable import tariffs and exchange rate adjustments.b. shipping charges of $3 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 10%.c. tariffs of $6 per pair and shipping fees of $2 per pair.d. export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.e. 1-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 5%.
  • A company manufacturing hockey sticks makes an annual assessment of its resources in terms of raw materials, technical expertise, and technological knowhow. It assesses the type of competition that it faces in the sports goods market and also looks out for opportunities that would allow it to expand its business. This is an example of a(n):
  • The company currently has production facilities to make athletic footwear in
  • The company currently has production facilities to make athletic footwear ina. Taiwan, India, Brazil, and Middle East.b. North America and Asia-Pacific.c. Asia-Pacific and Latin America.d. the Middle East and China.e. North America and Latin America.
The company makes most all of its footwear materials and components in-house, uses 100-person assembly lines to make branded shoes at the rate of 500 pairs per day, and outsources private-label footwear from contract manufacturers in the Asia-Pacific.
  • Which of the following best describes the materials the company uses to make its footwear?
  • Which of the following is not an accurate characteristic of your company's plant operations?
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?
  • Which of the following statements about the importance of each competitive factor in determining company sales volumes and market shares in a particular geographic region is false?
B. the percentage by which prior-year cash flow from operations covers a company's prior-year payments, the company's debt-asset ratio, its dividend payout ratio, and its default risk ratio
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?a. Whether the company's private-label footwear has a higher S/Q rating than the footwear of rival private-label manufacturersb. The number of models/styles comprising the company's product linec. The appeal of the celebrities signed to endorse the company's footweard. The amount of merchandising support provided to retailerse. The company's bid price
  • Which of the following are components of the compensation package for production workers at your company's plants?a. Annual base salary, teamwork bonuses, fringe benefits, and stock optionsb. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime payc. Hourly wages, fringe benefits, and overtime payd. Base wages, incentive payments per non defective pair produced, and overtime paye. Annual base pay, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay
  • which of the following is not among the factors that affect worker productivity?a. how favorably the total annual compensation of workers compares to industry-average total compensation levels at production facilities in the same regionb. the percentage increases in annual base payc. whether production workers are producing and assembling footwear with an S/Q rating above 7.0 starsd. the number of materials workers must assemble at a given production facilitye. expenditures on best practices training
  • which of the following are factors in determining a company's credit rating?a. a company's current ratio, quick ratio, inventory turnover ratio, and default risk ratiob. the percentage by which prior-year cash flow from operations covers a company's prior-year payments, the company's debt-asset ratio, its dividend payout ratio, and its default risk ratioc. its ratio of annual interest payments to net profits, current ratio, working capital ratio, debt-equity ratio, and return of capital employed ratiod. its loans outstanding as a % of total revenues, default risk ratio, inventory turnover ratio, and long-term debt to equity ratioe. its total debt-total stockholders' equity ratio, current ratio, working capital ratio, and ratio of prior-year cash flow from operations to prior-year interest payments
North America, Latin America, Asia-Pacific, an Europe-Africa
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
  • which of the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
  • Which of the following is/are not among the factors that affect worker productivity?a. Expenditures for best practices trainingb. Whether plant upgrade option D has been installedc. The percentage of newly-hired workers and the percentage use of superior materialsd. The size of incentive payments per non-defective paire. Base pay increases
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
PEST (or PESTEL)
  • Which of the following is not among the factors that affect worker productivity?
  • Which of the following best describes the materials the company uses to make its footwear?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following models is used for analyzing the general external environment?
are the most trustworthy signs of good management
  • The market for private-label athletic footwear is projected to grow
  • Which of the following are factors in determining a company's credit rating?
  • Good strategy and good strategy execution
  • The letters in the S-C-P paradigm stand for:
Tiny cross-company differences in competitive effort on a highly influential competitive factor (like S/Q ratings, the number of models/styles offered, and selling prices) nearly always have a bigger impact on company sales/market share outcomes in a region than do large differences on less influential competitive factors.
  • Which of the following best describes the materials the company uses to make its footwear?
  • Which of the following currencies are involved in causing favorable or unfavorable exchange rate adjustments to a company's costs and revenues?
  • which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following statements about the importance of each competitive factors in determining company sales volume and market shares in a particular geographic region is false?
10-12% annually in the Asia-Pacific and Latin America regions during Years 16-20.
  • The production cost benchmarks reported on p. 6 of each issue of the Footwear Industry Report
  • At the end of Year 10, going into Year 11, the company's production capability was
  • The projected growth in buyer demand for private-label athletic footwear is
  • The market for branded athletic footwear is projected to grow
have to go beyond what strategic actions and behaviors are deemed legal and address whether all the various elements of the company's strategy can pass the test of moral scrutiny
  • The difference between a company's strategy and a company's business model is that
  • In Year 11, footwear companies can expect to sell
  • In endeavoring to craft an ethical strategy, company managers
  • The factors that affect a company's S/Q rating include:
(1) helping curb reject rates associated with defective workmanship, (2) helping improve S/Q ratings for both branded and private-label footwear, (3) curtailing materials waste and potentially lowering material costs at the plant by as much as 20% annually, and (4) increasing worker productivity
  • What are the benefits of spending on best practice training?
  • The difference between a company's business model and a company's strategy is that
  • which of the following are factors in determining a company's credit rating?
  • In crafting a strategy, management is in effect saying
striving to be more profitable than rivals and aiming for a competitive edge based on bigger profit margins
  • Which of the following is not a frequently used strategic approach to setting a company apart from rivals, delivering superior value, achieving competitive advantage, and converting buyers into loyal customers?
  • Which of the following currencies are involved in causing favorable or unfavorable exchange rate adjustments to a company's costs and revenues?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
backward vertical integration
  • If Dell Computer were to acquire Intel, it would best be described as an example of ______.
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following is NOT included as in Porter's Five Forces Framework?
  • The company currently has production facilities to make athletic footwear in
$12.50 per pair
  • Strategy formulation, strategy implementation, and ____ are the steps (or phases) in the strategic management process.
  • In the business strategy game your company is assessed on how well it meets investor expectations in five categories on a "balanced scorecard".What are these five categories?
  • If you offer free shipping in the internet market, the shipping and handling fees that you will have to "absorb" is how much per pair of shoes?
  • Which of the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
its customers vale proposition (which lays out the company's approach to satisfying buyer needs and requirements at a price they will consider a good value) and its "profit formula" (the business approach, means of generating revenues, principal resources, and operating systems that will be employed to create and deliver that intended customer value cost-efficiently and at a price that will enable attractive profits)
  • The factors that affect worker productivity include
  • Which of the following most accurately describes your company's production operations?
  • The interest rate a company pays on loans outstanding depends on
  • The two crucial elements of a company's business model are
overall low-cost provider strategy, broad differentiation strategy, focused low-cost strategy, focused differentiation strategy, best-cost provider strategy
  • According to the textbook, what are the Five Generic Competitive Strategy Options?
  • which of the following most accurately describes your company's plant operations?
  • Going into Year 11, the company's production facilities to make athletic footwear consisted of
  • At the end of Year 10, going into Year 11, the company's production capability was
Revenue - Cost of Goods Sold
  • What factors that affect worker productivity?
  • Gross Profit (also called Gross Income)
  • The interest rate a company pays on loans outstanding depending on:
  • The internet boom of the 1990s is an example of:
tiny cross-company differences in competitive effort on a highly influential competitive factor (like S/Q ratings, the number of models/styles offered, and selling prices) nearly always have a bigger impact on company sales/market share outcomes in a region than do large differences on less influential competitive factors
  • Which of the following statements about the importance of each competitive factor in determining company sales volumes and market shares in a particular geographic region is false?
  • Which of the following is not an accurate characteristic of your company's plant operations?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following most accurately describes your company's production operations?
There are 13 rebate options ranging from $3/pair to $15/pairb. Customer response to rebates is a function of the size of the rebate and the amount that your offer is above/below industry averagec. the customer acceptance rate of rebate offers range from 15% to 90%d. All of the above are true concerning mail-in rebatesd.
  • Which of the following is true concerning mail-in rebates?
  • Which of the following is not one of the reasons that a company's strategy evolves over time?
  • Which of the following is a result of Best Practices worker training in the simulation?
  • Which of the following most accurately describes your company's plant operations?
Increasing expenditures for enhanced styling/features
  • Which one of the following does not affect the reject rates?
  • Which one of the following helps increase the S/Q rating of branded pairs produced at a particular production location?
  • Which one of the following is not a factor in determining a company's unit sales and market share of branded footwear in a particular geographic region?
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
Repurchase shares of common stock and aggressively pursue efforts to achieve annual increases in earnings per share that meet or neat investor expectations
  • Which of the following best describes the materials the company uses to make its footwear?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following are effective ways for managers to try to boost a company's stock price?
Shumpterian Shock
  • The factors that affect worker productivity include
  • The factors that affect a company's S/Q rating include:
  • The interest rate a company pays on loans outstanding depending on:
  • The internet boom of the 1990s is an example of:
an average of 4.84 million branded pairs and an average of 800,000 private label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort.
  • In year 11, footwear companies can expect to sell
  • Which of the following are effective ways for managers to try to boost a company's stock price?
  • The factors that affect worker productivity include
  • The factors that affect a company's S/Q rating include:
Managerial preferences for keeping the life-cycle of any given strategy short
  • Which of the following currencies are involved in causing favorable or unfavorable exchange rate adjustments to a company's costs and revenues?
  • Which one of the following is NOT one of the factors that affects the S/Q rating of a company's footwear?
  • Which one of the following does not account for why a company's strategy evolves over time, as show in Figure 1.2 and explained in the accompanying text discussion?
  • Which of the following are components of the compensation package for production workers at your company's plants?
The s/q rating of pairs being produced and the use of plant upgrade option B
  • Which of the following questions helps distinguish a winning strategy from a mediocre or losing strategy?
  • Which of the following are components of the total compensation package for production workers at your company's production facilities?
  • Which one of the following is not one of the factors that affect the S/Q rating of a company's footwear?
  • Which one of the following does not affect the reject rates at a company's plants?
Internet and WholesaleThe S/Q Rating.Number of Models/StylesBrand Advertising.Appeal of Celebrities EndorsingThe Company's Brand.Wholesale1) Average Wholesale Price for Branded Footwear Sold to Retailers2) The Numbers of Retail Outlets Carrying the Company's Brand3)The Number of Weeks It Takes to Deliver Orders to Retailers.4) Support Offered to Retailers in Merchandising and Promoting the Company's Brand5) Mail-in RebatesInternet1) AverageRetail Price Charged at Each Company's Regional Websites2) Search Engine Advertising3) Free Shipping on Online Purchases
  • Which of the following statements about the importance of each competitive factors in determining company sales volume and market shares in a particular geographic region is false?
  • What are the factors in determining a company's unit sales and market share of branded footwear in a particular geographic region?
  • Which of the following best describes the materials that company uses to make its footwear?
  • Which of the following most accurately describes your company's plant operations?
product development
  • The formation of HP/Compaq and Daimler/Chrysler are examples of which grand strategy?
  • Sony's launches of PlayStation 2, then PS3, then PS4, is an example of which concentration (intensive) strategy?
  • Which of the following is NOT included as in Porter's Five Forces Framework?
  • which of the following best describes the materials the company uses to make its footwear?
exit barrier
  • Porter's "Five Forces" framework includes: Bargaining Power of Customers, Bargaining Power of Suppliers, Threat from New Entrants, Threat from substitutes, and Rivalry of Existing Competitors. As discussed in class, which force might be included as a sixth force?
  • The company currently has production facilities to make athletic footwear in
  • A company uses outside suppliers to provide services that it could perform itself. (e.g. a firm might contract a professional cleaning company to come in on a regular basis to clean offices.)
  • If a company builds a new manufacturing plant dedicated to producing shoes for a region, and later decides to get out of that region but can't find a buyer for the plant, the manufacturing plant might be viewed as a (an) _____.
increasing the S/Q rating of branded pairs from 4.5 stars to 5.5 stars
  • Which one of the following does not affect the reject rates at a company's plants?a. The size of the incentive payment per non-defective pair producedb. Spending for TQM/Six Sigma quality control effortsc. The number of models/styles comprising the company's product lined. The installation of plant upgrade Ce. Spending for best practices training
  • Which one of the following actions is most likely to result in higher production costs per branded pair at one of your company's production facilities?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • which of the following are components of the compensation package for production workers at your company's plants?
strategy evaluation
  • The three competitive factors that impact only Internet Sales and market share in a region include
  • If Dell Computer were to acquire Intel, it would best be described as an example of ______.
  • Which the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
  • Strategy formulation, strategy implementation, and ____ are the steps (or phases) in the strategic management process.
helps the company achieve a sustainable competitive advantage, results in better company performance, and fits the company's internal and external situation
  • the factors that affect worker productivity include
  • The market for branded athletic footwear is projected to grow
  • A winning strategy is one that
  • Crafting an ethical strategy requires that managers
in managing production worker compensation and expenditures for best practice training, the overriding objective of company managers should be to achieve the lowest feasible labor costs per pair produced at each production facility
  • Which of the following statements about striving to reduce labor costs per pair produced at each of the company's plants is true?
  • Which of the following most accurately describes your company's plant operations?
  • Which of the following are effective ways for managers to try to boost a company's stock price?
  • Which of the following is not an accurate characteristic of your company's plant operations?
differentiation strategy
  • The company currently has production facilities to make athletic footwear in
  • A generic strategy aimed at emphasizing the uniqueness or superiority of products and services is_?
  • At the end of Year 10, going into Year 11, the company's production capability was
  • A sign in a store window reads, "going out of business—everything must go" is probably an example of which grand strategy?
"among all the many different business approaches and ways of competing we could have chosen, we have decided to employ this particular combination of competitive and operating approaches in moving the company in the intended direction, strengthening its market position and competitiveness, and meeting or beating our performance objectives"
  • Changing circumstances and ongoing managerial efforts to improve the strategy
  • in Year 11, footwear companies can expect to sell
  • In crafting a strategy, management is in effect saying
  • In choosing among strategy alternatives, company managers
the S/Q ratings of the footwear being produced and whether the percentage use of superior materials exceeds 60%
  • Which one of the following does not affect the reject rates at a company's plants?
  • Which of the following is/are not among the factors that affect worker productivity?
  • Which of the following is not an accurate description of your company's plant operations?
  • which of the following are components of the compensation package for production workers at your company's plants?
Threat from complementors
  • Porter's "Five Forces" framework includes: Bargaining Power of Customers, Bargaining Power of Suppliers, Threat from New Entrants, Threat from substitutes, and Rivalry of Existing Competitors. As discussed in class, which force might be included as a sixth force?
  • The interest rate a company pays on loans outstanding depends on a. its free cash flow in the prior year and whether its prior-year net profit margin exceeded 10%.b. its credit rating.c. Its accounts payable ratio, its debt-assets ratio, and its loan default percentage over the past three years.d. its current ratio, debt-equity ratio, and default risk ratio.e. its current ratio, the amount of cash on hand to make interest payments, and the average annual amount of free cash flow.
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?a. Whether the company's private-label footwear has a higher S/Q rating than the footwear of rival private-label manufacturersb. The number of models/styles comprising the company's product linec. The appeal of the celebrities signed to endorse the company's footweard. The amount of merchandising support provided to retailerse. The company's bid price
Maverick competitors, Clone competitors, Off-radar competitors, Parallel competitors
  • Which of the following are factors in determining a company's credit rating?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • What are the names given to the quadrants in the positioning map shown below?
  • Which of the following is a result of Best Practices worker training in the simulation?
conglomerate diversification
  • If Microsoft bought a chain of food retailers such as Piggly-Wiggly, it would be an example of a __.
  • The company currently has production facilities to make athletic footwear in
  • Which of the following best describes the materials the company uses to make its footwear?
  • Which generic strategy is usually associated with the discount retailers such as Wal-Mart?
as managers abandon obsolete or ineffective strategy elements, settle upon a set of proactive strategy elements, and then- as new circumstances unfold--make adaptive strategic adjustments, which gives rise to reactive strategy elements
  • The market for private-label athletic footwear is projected to grow
  • A company's strategy evolves from one version to the next
  • The factors that affect worker productivity include:
  • The company's present production capability (as of Year 10) is:
a company is almost certain to earn significantly higher profits when it enjoys a competitive advantage as opposed to when it competes with no advantage or is hamstrung by completive disadvantage
  • Which of the following most accurately describes your company's production operations?
  • According to Figure 1.1, which of the following is not something to look for in identifying a company's strategy?
  • A company's strategy and its quest for competitive advantage are tightly connected because
  • The company currently has production facilities to make athletic footwear in
The biggest possible competitive advantage a company can achieve in a given region's Internet Segment is to offer free shipping and thereby capture the biggest number of pairs sold and biggest market share of any company in that region's Internet Segment.
  • Which of the following most accurately describes your company's plant operations?
  • Which of the following are components of the total compensation package for production workers at your company's production facilities?
  • Which of the following statements about the impact of a company's competitive efforts in a region on its regional market share and number of branded pairs sole is false?
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?
How much is spent to inspect newly produced pairs and avoid shipping defective shoes
  • Which one of the following is not one of the factors that affect the S/Q rating of a company's footwear?
  • Which one of the following is not a factor in determining a company's unit sales and market share of branded footwear in a particular geographic region?
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following are components of the compensation package for production workers at your company's plants?
managers need to come up with some distinctive "aha" quality that goes beyond merely attracting buyer attention but that, more importantly, delivers what buyers perceive as superior value and converts them into loyal customers
  • In crafting a company's strategy
  • In Year 11, footwear companies can expect to sell
  • Which of the following most accurately describes your company's plant operations?
  • The market for branded athletic footwear is projected to grow
blue ocean strategy
  • Creating a new, untapped market rather than competing with rivals in an existing market is a (an) _____.
  • The interest rate a company pays on loans outstanding depends on
  • The formation of HP/Compaq and Daimler/Chrysler are examples of which grand strategy?
  • Operating Profit (also called Operating Income; EBIT)
the size of the incentive payment per non-defective pair produced, expenditures for best practices training per worker, spending for TQM/Six Sigma quality control efforts, and the percentage use of new equipment versus refurbished equipment
  • Which of the following is not an accurate characteristic of your company's plant operations?
  • The reject rates at the company's footwear plants are function of:
  • The factors that affect the reject rates at the company's footwear production facilities include
  • the factors that affect worker productivity include
its credit rating and the length of time over repayment is scheduled to occur (1-year, 5-year, or 10-years)
  • Which one of the following does not affect the reject rates at a company's plants?
  • At the end of Year 10, going into Year 11, the company's production capability was
  • The factors that affect the reject rates at the company's footwear production facilities include
  • The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of
a company's current and cumulative spending for TQM/Six Sigma quality control programs; whether production improvement option C has been installed (this option entails investing in special production equipment that boosts the S/Q rating of all pairs produced by 1.0 star) and expenditures for new styling features per model
  • The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of
  • The factors that affect a company's S/Q rating by the International Footwear Federation include
  • The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution warehouse in Latin America is to
  • Which one of the following statements about whether a company's strategy can be considered ethical is false?
the company's bed price
  • which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?
  • Which of the following best describes the materials the company uses to make its footwear?
  • Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region?a. Whether the company's private-label footwear has a higher S/Q rating than the footwear of rival private-label manufacturersb. The number of models/styles comprising the company's product linec. The appeal of the celebrities signed to endorse the company's footweard. The amount of merchandising support provided to retailerse. The company's bid price
  • Which of the following is the best example of a horizontal integration strategy?
the size of the incentive payment per non-defective pair produced, spending for best practices training, spending for TWQ/Six Sigma quality control, the number of models/styles comprising the company's product line, and the installation of plant upgrade option A.
  • Which of the following most accurately describes your company's plant operations?
  • The interest rate a company pays on loans outstanding depends on
  • the reject rates at the company's footwear plants are a function of
  • Which of the following is true concerning mail-in rebates?
its debt-asst ratio, default risk ratio, and interest coverage ratio
  • Which of the following most accurately describes your company's plant operations?
  • which of the following are factors in determining a company's credit rating?
  • Which of the following are components of the compensation package for production workers at your company's plants?
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?
d. U.S. dollars, Singapore dollars, euros, and Brazilian reals
  • Which the following are the four geographic regions in which the company sells branded and private-label athletic footwear? a. Asia-Pacific, Europe-Africa, North America, and Latin Americab. The European Union, North America, Southeast Asia, and Latin Americac. Latin America, Europe, China, and North Americad. Argentina, Great Britain, the U.S., and Japane. North America, Asia, European Union, and Middle East
  • Which of the following are factors in determining a company's credit rating?
  • Which of the following is/are not among the factors that affect worker productivity?a. Expenditures for best practices trainingb. Whether plant upgrade option D has been installedc. The percentage of newly-hired workers and the percentage use of superior materialsd. The size of incentive payments per non-defective paire. Base pay increases
  • Which of the following currencies are involved in affecting the operations of your company's athletic footwear business?a. Singapore dollars, South African rand, Chilean pesos, and Turkish lirab. U.S. dollars, Indian rupees, Swiss francs, Argentine pesos, and eurosc. Japanese yen, Mexican pesos, Indian rupees, Canadian dollars, euros, and the Australian dollard. U.S. dollars, Singapore dollars, euros, and Brazilian realse. Brazilian reals, Canadian dollars, Japanese yen, Chinese renminbi, and New Zealand dollars
The need on the part of company managers to make regular strategy adjustments so as to avoid the risk that rivals might soon find ways to weaken or defeat its present strategy improvements of their own
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • Which of the following statements about the impact of a company's competitive efforts in a region on its regional market share and number of branded pairs sole is false?
  • Which of the following best describes the materials that company uses to make its footwear?
  • Which of the following is not one of the reasons that a company's strategy evolves over time?
forward vertical integration
  • Which of the following are the 5 measures on which a company's performance is judged/scored?
  • The company currently has production facilities to make athletic footwear in
  • When a shoe manufacturer opens a company-owned retail store, it is an example of
  • The formation of HP/Compaq and Daimler/Chrysler are examples of which grand strategy?
Earnings per shareReturn on EquityStock priceCredit RatingImage Rating
  • at the end of Year 10, going into Year 11, the company's production capability was
  • In the business strategy game your company is assessed on how well it meets investor expectations in five categories on a "balanced scorecard".What are these five categories?
  • What is the most important factors in determining a company's unit sales and market share of private-label footwear in a particular geographic region?
  • Net Profit (also called Net Income; Earnings)
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