1. When developing a strategy, every organization should take into account:

   	1.	Where their competitors were ten years ago
   	2.	What kind of market they will be operating in five years from now
   	3.	They do not need a strategy to beat the competition
   	4.	None of the above

QUESTION 2

1. The following is a characteristic of a strategy development process:

   		A strategy is just a nice-to-have because companies can still succeed without it.
   		A strategy must have a purpose
   		A strategy should be seen as a number of serial actions in a number of departments

QUESTION 3

1. Which of the following statements does not describe Competitive Advantage?

   	1.	It is just a myth in corporate life
   	2.	It provides the same product or service either at a lower price or with additional value
   	3.	It creates greater profits
   	4.	It is only temporary

QUESTION 4

1. Strategy is:

   	1.	Created by lower level managers
   	2.	A software designed to help companies achieve their goals
   	3.	None of the above
   	4.	A presentation of a company's products or services

QUESTION 5

1. Which of the following describe S.M.A.R.T. goal setting?

   	1.	It is one of Porter's five forces
   	2.	It is a software
   	3.	It brings structure and trackability into your goals and objectives

QUESTION 6

1. Which of the following statements is not true about a business process modeling :

   	1.	It can help an organization achieve its goals
   	2.	it ensures that the process is fully and clearly understood
   	3.	It creates a detailed flowchart of a work process
   	4.	It is only concerned about external activities

2 points

QUESTION 7

1. Which of the following statements is true?

   	1.	The Energy industry is an industry with a high entry barrier because there is so much competition
   	2.	Ideally, an organization wants to be in a market in which there are few substitutes for its products or services
   	3.	The Value Chain Analysis is used to evaluate a project position
   	4.	Loyalty programs have nothing to do with MIS