1. White Leo Autos manufactures and markets four different cars, Leo Sport, Leo Prestige, Leo Spark, and Leo Ease. These four product variants are operated as individual business units. While the product leaders of Leo Sport, Leo Prestige, and Leo Spark have adopted a differentiation strategy to attract the niche market, the product leader of Leo Ease follows a cost-leadership strategy to suit the mass market. This decision of the product leader of Leo Ease can be ideally categorized as a _____.

corporate strategy

functional strategy

business strategy

tactical strategy

2. Carrvour Inc. is a company that manufactures steel, cement, cars, and consumer electronics under a single brand. The top management at Carrvour has decided to enter the banking and insurance industry based on its assessment of the profit potential in that industry. Which of the following strategies does this best illustrate?

Corporate strategy

Business strategy

Functional strategy

Divisional strategy

3. When do employees fail to adopt the organizational values of a firm?

When the internal stakeholders of the firm are involved in designing the values

When the top managers in the firm are merely paying lip service to the firm's stated values

When the strategic leaders in the firm propagate and exhibit the same values

When the organizational structure, such as its strategic decision making, is aligned with its values