Strategic Management Online MCQ Practice Set

Question: A business mission statement is an explicit form of words that captures the broad aims of the company. True or false?

• A. True
• B. False

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Question: A company will be successful only when the strategy___is sound &___is excellent

• A. Implementation, Formulation
• B. Formulation, Implementation
• C. Both (a) & (b)
• D. None of these

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Exam Question

A new international market is a

• 1. Threat
• 2. Weakness
• 3. Opportunity
• 4. Strength

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Exam Question

Acquiring or merging with small competitive industry into your industry is called as

• 1. Horizontal Integration
• 2. vertical integration
• 3. concentric integration
• 4. none of the above

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Yes! You can do Online MCQ practice of Strategic Management question set and give online exam quiz test for Strategic Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Exam Question

Action plan includes

• 1. objectives
• 2. initiatives
• 3. Evaluation of progress
• 4. All of the above

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Yes! You can do Online MCQ practice of Strategic Management question set and give online exam quiz test for Strategic Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Question: After company identifies primary competitors, it must look out for

• A. Strategies
• B. Objectives
• C. Strengths and weaknesses
• D. All of the above

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Question: All of these, except___, are part of Porter’s competitive forces in industry analysis

• A. potential entry of new competitors
• B. bargaining power of suppliers
• C. development of substitute products
• D. bargaining power of union

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Question: An effective information system collects, codes, stores, synthesizes, and___information in such a manner that it answers important operating and strategic questions

• A. Prints
• B. Distributes
• C. Presents
• D. Filters

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Exam Question

An essential requirement for strategic managers should have a knowledge of

• 1. External environment
• 2. Internal environment
• 3. Both a & b
• 4. None of the above

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Yes! You can do Online MCQ practice of Strategic Management question set and give online exam quiz test for Strategic Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Exam Question

An important characteristic of Joint Ventures are

• 1. Minimizes risk and investment.
• 2. Able to circumvent trade barriers
• 3. Overcomes ownership restrictions and cultural distance
• 4. (d)All of the above

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Strategic Management question set and give online exam quiz test for Strategic Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Exam Question

An organisation needs to clearly define

• 1. Mission
• 2. Vision
• 3. Goals
• 4. All of the above

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Strategic Management question set and give online exam quiz test for Strategic Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Question: Another name for GE 9 cell model is

• A. Three colour matrix
• B. Stop light matrix
• C. Strategic Portfolio Matrix
• D. Colour light matrix

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Question: ___are required recourses for implementation of strategy

• A. Procedure
• B. Project
• C. Policies
• D. Control

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Question: ___are simply a set of activities that transforms a set of inputs into a outputs for another person

• A. Business Process
• B. Strategic Controls
• C. Analytical Programs
• D. Market Policies

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Question: ___are the desired end results of the redesign process which the management and organization attempts to realize

• A. Objectives
• B. Mission
• C. Goals
• D. Vision

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Question: BCG in BCG matrix stands for

• A. Boston Calmette Group
• B. British Consulting Group
• C. Boston Corporate Group
• D. Boston Consulting Group

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Question: Blue ocean strategy is based on

• A. Formulation principles
• B. Execution principles
• C. Both a & b
• D. None of the above

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Question: Blue-ocean thinking focus on

• A. Creating services and products for which they are no direct peers
• B. Creating services and products in a competitive market
• C. Following the leaders
• D. None of the above

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Question: Business policy tends to emphasize on which aspect of strategic management Is selling at a discount

• A. System Analytical
• B. Portfolio Analytical
• C. Credit Analytical
• D. Rational Analytical

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Exam Question

Competitive Advantage from a Global Strategy depends on

• 1. (a)Efficiency
• 2. (b)Risk
• 3. (c)Learning
• 4. (d)All of the above

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Strategic Management question set and give online exam quiz test for Strategic Management, so you can check your knowledge. You can get MCQ Study and Exam link from home page.