________ statement is a statement of what specific organizational units do and what they hope to accomplish.

Select one:

a. vision

b. technology

c. mission

d. strategy

Question 6

To achieve 20% return on investment yearly is an example of

Select one:

a. Vision

b. Mission

c. Purpose

d. Objectives

Question 7

An unfavourable condition which creates risk for and causes damage to the organization is:

Select one:

a. Strength

b. Opportunities

c. Weakness

d. Threat

Question 8

The following are forms of stability strategies except.

Select one:

a. Profit strategies

b. No change strategies

c. Pause-proceed with caution

d. Concentric

Question 9

Business strategy focuses on

Select one:

a. providing adequate shareholders' return on investment.

b. ensuring that the company maintains the existing market share that it has historically enjoyed.

c. preventing the competition from gaining a competitive edge by undermining their marketing plan.

d. improving the competitive position of a corporation's products or services within the industry or market segment served.

Question 10

Which of the following is not required for effective strategy implementation?

Select one:

a. Creating strategy-supportive culture

b. Exerting internal leadership

c. Budgets development

d. None of the above

Question 11

Which of the following is the most cited reason for poor strategy implementation?

Select one:

a. Lack of understanding

b. Ineffective leadership

c. Lack of ownership

d. Lack of resources

Question 12

Market penetration and product development are examples of intensive .. strategies

Select one:

a. Diversification

b. Stability

c. Growth

d. Retrenchment

Question 13

Backward integration occurs when a firm takes control of the activities typically performed by its

Select one:

a. Suppliers

b. Competitors

c. Producers

d. Agents

Question 14

............. is aimed at the broad mass market and involves the creation of a product or service that is perceived throughout its industry as unique

Select one:

a. Niche

b. Differentiation

c. Cost Focus

d. Overall Low cost

Question 15

A strategy is a(n)

Select one:

a. action plan to achieve the mission

b. set of opportunities in the marketplace

c. broad statement of purpose

d. simulation used to test various product line options action plan to achieve the mission

Question 16

A situation where organizations adds new or unrelated product line and penetrate new markets is called....................... Diversification

Select one:

a. Conglomerate

b. Vertical

c. Concentric

d. Forward

Question 17

Which of the following appropriately depicts Vertical Integration?

Select one:

a. Both backward or forward integration

b. Developing into activities which are complementary to present activities

c. Forward integration

d. Backward integration

Question 18

The primary focus of strategy formulation is_______

Select one:

a. Organisational goals

b. Identifying the most intense competitors

c. Choosing the most appropriate course of action

d. Developing capabilities

Question 19

Which of the following is not part of the micro environment?

Select one:

a. Demographics

b. Customers

c. Public

d. Suppliers

Question 20

Porters contribution to business level strategy framework includes all except one of these

Select one:

a. Low Differentiation

b. Cost Leadership

c. Cost Focus

d. Differentiation

Question 21

Which of the following changes does not result in strategy changes?

Select one:

a. A change in the product life cycle

b. Change in companys financial situation

c. A change in the job scheduling techniques

d. A company adoption of new technology

Question 22

An organization that adds new but related products to its product portfolio is adopting a . strategy

Select one:

a. Product development

b. Market Development

c. Concentric diversification

d. Conglomerate diversification

Question 23

Differentiation type of strategy could be achieved in any of the following except

Select one:

a. Brand Image

b. Dealers network

c. Features

d. Resource Management

Question 24

..is a key concept in the strategic management process.

Select one:

a. Mission

b. Strategies

c. Environment

d. Objectives

Question 25

. ...................... is a decision to do nothing new in worsening situation but instead to act as though the companys problems are only temporary.

Select one:

a. Profit strategy

b. No change

c. Proceed with caution strategy

d. Stability

Question 26

The Porter five forces model includes all of the following factors except

Select one:

a. bargaining power of suppliers.

b. bargaining power of buyers.

c. threat of a decrease in research and development.

d. threat of new entrants.

e. threat of substitute products.

Question 27

Which of the following makes strategy implementation a challenging task?

Select one:

a. A wide array of managerial activities to be attended to

b. The many ways to proceed

c. The need for perseverance

d. All of the above

Question 28

Corporate strategy can best be described as the responsibility of

Select one:

a. Chairmen/Vice Chairmen

b. The board and top management

c. Presidents/Vice Presidents

d. CEOs

Question 29

Which of the following is not one of the five competitive forces?

Select one:

a. Competition forms substitute products

b. The threat of potential entry

c. The strength of industry forces

d. The bargaining power of buyers

e. None of the answer choices is correct.

Question 30

The demographic factors in external environment analysis include the following except______

Select one:

a. Ethnicity

b. Income Distribution

c. Age distribution

d. Industry Analysis