RSM100 Final Exam Study Questions

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University of Toronto St. George
Rotman Commerce
Michael Szlachta

RSM100 Final Exam Practice Questions 1. What are the 4 purposes of goal setting? 2. What are the hierarchy of plans? 3. Match a. Corporate-level strategies 1) Identify the ways a business will compete in its chosen line of productsservices. b. Functional strategies 2) Identify the basic courses of action each department in the firm will pursue c. Business-level strategies 3) Indentifies the various businesses that a company will be in, and how these businesses will relate to each 4. Identify each as either corporate-level or business-level. a. ___________ horizontal integration b. ___________ differentiation strategy c. ___________ focus strategy d. ___________ product development e. ___________ cost leadership f. ___________ vertical integration g. ___________ concentration strategy h. ___________ investment reduction i. ___________ diversification j. ___________ geographic expansion k. ___________ market penetration 5. Disneys correction with launching its second ship, taking into consideration of the schedule and environment under which it may change its strategy is an example of: a. Crisis management b. Environmental analysis c. SWOT analysis
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