answer these mcqs

5. When the incumbent reduces prices before the entry of a new entrant's it is call............ a. Limit Pricing C. Dumping b. Predatory pricing d. Entry blocked 6. Carefully prepared and are widely recognized by both practitioners and academicians as the first step in strategic management. a. Long-term objectives, goals b. Creeds; long-term objectives c. Vision statements; mission statements d. Short-term objectives; long-term objective PAGE 7. Telecommunication industry offers different services like telephony, internet, Television, FM & AM Radio etc. but Warid Telecom is only active in telephony services. Which type of positioning is Warid Telecom following? a. Variety based positioning C. Free Fall positioning b. Need based positioning d. Access based positioning 8. Which of the following is a question that an effective mission statement answers? a. What is our profitability? b. Is the firm technologically current? c. What is the company we want to be in the long-range future? d. What is our net worth