Business & Management Terms: Synergy, Diversification, Partnerships, Entrepreneurship, Quizzes of Hospitality and Tourism

Download Business & Management Terms: Synergy, Diversification, Partnerships, Entrepreneurship and more Quizzes Hospitality and Tourism in PDF only on Docsity! TERM 1 All of the following are potential sources of synergy from related diversification except DEFINITION 1 Financial PortfolioAre a source of synergy:1. Marketing2. R&D/ Technology3. Operations4. Management Experiences TERM 2 The term Chapter XI refers to DEFINITION 2 a legal filing necessary from an IPO to occur TERM 3 The benefits of an acquisition includes all of the following except DEFINITION 3 Preventing industry consolidationBenefits of an acquisition:1. A quick means to enter a new market2. Acquiring knowledge3. Broadening marketings geographically4. Filling in needs in the corporate portfolio TERM 4 Due Diligence Involves DEFINITION 4 A complete examination of a merger or acquisition TERM 5 The Whitbread Company, the featured story in Chapter 6, reorganized the company in recent years in order to strategize away from DEFINITION 5 unrelated diversification TERM 6 Oligopolies are industries that are DEFINITION 6 Dominated by a few major rivals TERM 7 Strategies of managing effective partnerships include all of the following except DEFINITION 7 Create a plan to neutralize the competition TERM 8 When hotel developers enter China, the knowledge they need most concern DEFINITION 8 Government Issues such as understanding government behavior TERM 9 Strategies of managing effective partnerships include all of the following except? DEFINITION 9 Create a plan to neutralize the competition TERM 10 Potential advantages of inter-organizational relationships include all but which of the following DEFINITION 10 Share the culturesInter-organizational1. Gain access to a particular resource2. Enter a foreign Market3.Share the risks and cost4. Economies of scale TERM 21 The term associated with the legal form of a business where partners contribute money and share in the rewards of the business and one partner is designated the managing partner is DEFINITION 21 limited partnership TERM 22 A business plan for a start-up venture includes all but which of the following DEFINITION 22 Franchising plans TERM 23 Conditions for entrepreneurial failures include all but which of the following? DEFINITION 23 Lack of radical innovationInclude:1. Poor management skills2. Lack of adequate capitalization3. Service delivery problems4. External market conditions TERM 24 The featured story in Chapter 9 focused the immigrant entrepreneurs who successfully built businesses in the United States. Which segment of hospitality was the major focus of the Story? DEFINITION 24 Hotel Chains TERM 25 The primary reasons to make foreign investments include all of the following except DEFINITION 25 Structural Inertia TERM 26 Global Strategies DEFINITION 26 Produce one product design and market its similarly throughout the world. TERM 27 A "family centered" economy is practiced in DEFINITION 27 Italy and France TERM 28 Characteristics, based on recent trends, we might expect in the business environment in the twenty-first century include all of the following except DEFINITION 28 relatedness between various industries TERM 29 Market Entry tactics from global business include all but which of the following? DEFINITION 29 Risk Reduction AgreementsInclude:1. Global and domestic social turbulence2. Rapidly advancing technologies3. Increased sensitivity to ethical issues4. Greater emphasis on security and crisis management TERM 30 Market entry tactics from global business include all but which of the following? DEFINITION 30 Risk Reduction agreements TERM 31 Fill in the blank word from the quote by Howard Schultz, Starbucks CEO, in the featured story in Chapter 10 about The Coffee Wars. "As long as we can differentiate ourselves from others, we will continues to be the..." DEFINITION 31 Leader TERM 32 A disadvantage of vertical integration is that it may reduce strategic flexibility DEFINITION 32 True TERM 33 Synergy occurs when the whole is less than the sum of its parts? DEFINITION 33 FalseSynergy:The concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. TERM 34 Functional- Strategy Audits are used as an implementation tool for new strategies DEFINITION 34 True TERM 35 A tactic for partnering with external stakeholders might include activist groups? DEFINITION 35 True