Paragraph Styles Answer all Multiple Choice Questions (MCQ:) by highlighting the correct Answer 1. Q1. The following statement best describes Strategy a. A session by managers at an outside venue to predict the future of the organization b. An appropriate and flexible organizational response to factors in its environment c. A secret plan by a coach to play his team in a particular way d. Strengths, Weaknesses, Opportunities and Threats 2. Strategic Management happens in the following environments a. International corporations like Nike, Apple and Whole Foods b. Armies planning and executing wars C. A Workers Union facing a shrinking industry d. A, B and C above 3. The value chain analysis entails both primary and support activities. Which of the following statement is correct? a. Support activities include, legal service, outbound logistics, information systems, purchasing, warranty b. Primary activities include: distribution, inventory management, staff appraisal, test marketing, quality control c. Primary activities include; quality control operations, product testing, recycling, inbound logistics d. Support activities include Accounting and legal service, advertising, promotions, staff training, product design e. Support activities include financial management data security. IT logistics, purchasing pricing w