Business is like open systems which continuously interacts with environment i$.$e$.$ Business enterprises exist in and are surrounded by an environment called as the business or organisational environment.Question $11$Answera.Trueb.FalseStability strategy is a $...............$ strategyQuestion $12$Answera.business levelb.strategic levelc.functional leveld.corporate levelStrategic management is mainly the responsibility ofQuestion $13$Answera.Middle managementb.Top managementc.All of the aboved.Lower managementThe following are the reasons for environmental Analysis except:Question $14$Answera.facilitate and foster strategic thinking in organization by bringing fresh view points and ideas in context of business operations.b$.$provide an understanding of current and potential changes taking place, besides long term future prospective.c$.$provide an understanding of previous changes that took place many years ago.d$.$provides inputs in form of information which is useful for strategic decision making.Relationship between society and business enterprises takes place in a changing environment.Question $15$Answera.Trueb.FalseBCG in BCG matrix stands forQuestion $16$Answera.Boston Calmette Groupb.Boston Consulting Groupc.Boston Corporate Groupd.British Consulting GroupA firms competitors include not only the other firms which market the same or similar product but also all those who compete for the income of the consumers.Question $17$Answera.Trueb.FalseStrategy is developed by the visionary chief executive in $....................$ mode of strategic managementQuestion $18$Answera.strategic modeb.entrepreneurial modec.planning moded.adaptive modeWhich of the following is not a characteristic of strategic management that makes it different from other types of management?Question $19$Answera.It concerns the present direction of the organization.b$.$It has an external focus.c$.$It is interdisciplinary.d$.$It has an internal focus.A broad mission limits the scope of the corporations activitiesQuestion $20$Answera.Trueb.False