2. It is often useful to complete a ------ analysis before completing a ------- analysis.
Correct : C. PEST, SWOT
3. --------- factors include population growth, age, demographics and attitudes towards
health.
Correct : C. Social
4. Which of the following is/are coming under ‘Porter’s Five Forces?
Correct : D. All of these
5. Which of the following is/are not coming under ‘Porter’s Five Forces?
Correct : C. Bargaining power of employees
6. ‘Four Corner Analysis model’ is developed by
Correct : D. Michael Porter
7. Which of the following is/are component/s of ‘Four Corner Analysis’?
Correct : D. All of these
8. Which of the following is/are not component/s of ‘Four Corner Analysis’?
Correct : D. None of these
9. -------------is a favourable position a business holds in the market which results in more
customers and profits.
Correct : A. Competitive Advantage
10. Which of the following is not a basic determinant of Competitive advantage?
Correct : D. None of the above.
11. Horizontal integration is concerned with;
Correct : A. Production
12. It refers to formal and informal rules, regulations and procedures that
complement the company structure
Correct : B. Systems
13. Micro environment is the ………. environment of a company.
Correct : D. Internal
14. Techniques used in environmental appraisal are
Correct : D. All of the above
15. It enables the strategists to take corrective action at the right time
Correct : D. Premise control
16. Changes in company ………. also necessitates changes in the systems in various
degrees
Correct : B. system
17. The actual performance deviates positively over the budgeted performance. This is
an indication of ………... performance.
Correct : A. superior
18. Criteria for making an evaluation is (are)
Correct : D. All of the above
19. They have time-based utility
Correct : C. both ‘A’ and ‘B’
20. Formal systems are adopted to bring & amalgamation of
decentralized units into product groups.
Correct : B. Co-ordination
21. Change in company’s ………. gives rise to problems necessitating a new ……… to be made
Correct : B. strategy, structure
22. Systems are formal and informal rules and regulations that complement the company ………..
Correct : B. structure
23. The reasons for acquisition are
Correct : D. All of the above
24. Market research is conducted by
Correct : D. All of the above
25. Vertical integration is concerned with
Correct : A. supply chain
26. ETOP stands for .
Correct : B. environmental threat & opportunity profile
27. The control process requires the following types of information
Correct : D. All of the above
28. It is designed to monitor a broad range of events inside and outside the company
that are likely to threaten a firm’s strategy
Correct : A. Strategic surveillance
29. Harvest strategy is used for
Correct : D. both ‘A’ and ‘B’
30. Attack strategies are
Correct : D. all of the above
31. Three C’s affecting today’s companies are
Correct : A. Customer, Competition, Change
32. For strategic learning, the balanced scorecard supplies
Correct : C. Four elements
33. In strategic learning, an element defines the articulation of the company's
Correct : C. Shared vision
34. Business strategy can be thought of a set of hypotheses about the relationship of
Correct : B. Cause and effect
35. Scorecard facilitates the strategy review essential for
Correct : A. Strategic learning
36. A business strategy should be viewed as a set of
Correct : C. Hypothesis
37. A sustained or sustainable competitive advantage requires that:
Correct : C. other companies not be able to duplicate the strategy.
38. The strategic management process is:
Correct : D. a dynamic process involving the full set of commitments, decisions, and actions related to the firm.
39. Which of the following is NOT an assumption of the Industrial Organization, or I/O,
model?
Correct : D. Firms in given industries, or given industry segments, are assumed to control similar strategically relevant resources.
40. Which of the following is NOT an assumption of the resource-based model?
Correct : B. All firms possess the same strategically relevant resources.
41. In contrast to the industrial organization model, in a resource-based model, which of the
following factors would be considered a key to organizational success?
Correct : D. loyal employees.
42. The resource-based model of the firm argues that:
Correct : D. resources that are valuable, rare, costly to imitate, and non-substitutable form the basis of a firm's core competencies.
43. Strategic mission:
Correct : A. is a statement of a firm's unique purpose and scope of operations.
44. The environment is composed of elements in the broader society that can influence an industry and the firms within it.
Correct : A. general
45. The environmental segments that comprise the general environment typically will NOT
include:
Correct : C. substitute products or services.
46. The economic environment refers to:
Correct : A. the nature and direction of the economy in which a firm competes or may compete.
47. An industry is defined as:
Correct : D. a group of firms producing products that are close substitutes.
48. An integrated and coordinated set of commitments and actions designed to exploit
core competencies and gain a competitive advantage in a specific product market is a definition of:
Correct : A. business strategy.
49. Business-level strategies are concerned specifically with:
Correct : A. creating differences between the firm's position and its rivals.
50. A cost leadership strategy provides goods or services with features that are:
Correct : A. acceptable to customers.
51. A firm successfully implementing a differentiation strategy would expect:
Correct : B. to charge premium prices.
52. A differentiation strategy provides products that customers perceive as having:
Correct : D. features that are non-standardized for which they are willing to pay a premium.
53. When implementing a focus strategy, the firm seeks:
Correct : D. to serve the specialized needs of a market segment.
54. ----------- is a participative, systematic approach to planning and implementing a constant
organizational improvement process.
Correct : C. SCM
55. SCM Stands for ----------
Correct : B. Supply Chain Management
56. VMOST Analysis tool is developed by:
Correct : B. Rakesh Sondhi
57. VMOST stands for-------
Correct : B. Vision, Mission, Objective, Strategy, Tactics
58. A ------------ is defined as an organization that has developed the capacity to
continuously learn, adapt, and change.
Correct : C. Learning organisation
59. Vertical integration strategies
Correct : A. Extend a company's competitive scope within the same industry by expanding its operations across more parts of the industry value chain
60. The two best reasons for investing company resources in vertical integration (either forward or backward) are to
Correct : D. Strengthen the company's competitive position and/or boost its profitability
61. For backward vertical integration into the business of suppliers to be a viable and profitable strategy, a company
Correct : B. Must be able to achieve the same scale economies as outside suppliers and match or beat suppliers' production efficiency with no drop-off in quality
62. The strategic impetus for forward vertical integration is to
Correct : A. Gain better access to end users and better market visibility
63. A good example of vertical integration is
Correct : C. A crude oil refiner purchasing a firm engaged in drilling and exploring for oil
64. A strategic alliance:
Correct : C. Is a formal agreement between two or more companies in which there is strategically relevant collaboration of some sort, joint contribution of resources, shared risk, shared control and mutual dependence
65. Which of these is/are a basic activity of strategy evaluation?
Correct : D. All of the above
66. Which of these is the cornerstone of effective strategy evaluation?
Correct : A. Adequate and timely feedback
67. The purpose of strategy evaluation is to
Correct : B. alert management to problems or potential problems.
68. Strategy evaluation is becoming with the passage of time.
Correct : A. increasingly difficult
69. The overall strategy which is comprehensive in nature and provides the basis for
strategic direction is known as----
Correct : B. Grand strategy
70. Which of the following is/are stability strategies?
Correct : D. All of these
71. Which of the following is not Growth/Expansion strategies?
Correct : A. Caution strategy
72. Which of the following is retrenchment strategy?
Correct : D. All of these
73. 'Diversification strategy' is used to gain market share in
Correct : B. new products for new markets
74. Défense strategies in which the leader stretches over new market territories using market
diversification is classified as
Correct : A. mobile defence
75. Strategies such as diversification, penetration and market development are the part of
Correct : B. intensive growth
76. Strategies such as diversification, penetration and market development are part of
Correct : B. intensive growth
77. For intensive growth, the company first considers whether it could gain more
market share with its current products in their current market, using a
Correct : A. Market-penetration strategy
78. Select right order of intensive growth strategies:
Correct : B. Market-penetration strategy, market development strategy, product development strategy
79. Market development strategy focuses on
Correct : A. Current products and new markets
80. Product development strategy for achieving intensive growth focuses on:
Correct : C. New products and current markets
81. Acquiring one or more suppliers for integrative growth is
Correct : C. Backward integration
82. Acquisition of competitors for integrative growth is
Correct : A. Horizontal integration
83. In , the company would seek new products that have marketing or
technological synergies with existing product lines appealing to a new group of customers.
Correct : A. Concentric diversification
84. In , the company can develop new products that are technologically unrelated
to its current product line and still can appeal to its current customers.
Correct : B. Horizontal diversification
85. In , the company may seek new opportunities that have no relation with its
current technology, products, or markets.
Correct : C. Conglomerate diversification
86. Gary Hamel believes that
Correct : B. Imaginative ideas on strategy exist in many places within a company
87. Redefining how company gets paid or create innovative new revenue streams is
of Business innovation.
Correct : A. Value capture dimension
88. Michael Porter has proposed generic strategies that provide a good starting
point for strategic thinking.
Correct : A. 3
89. A target market definition tends to focus on selling a product or service to a
Correct : A. Current market
90. A strategic market definition tends to focus on selling a product or service to a
Correct : B. Potential market
91. General Electric has classified its businesses into strategic business units.
Correct : C. 49
92. SBU (strategic business unit) is a unit that is usually responsible for its own
budgeting, new product decisions, hiring decisions, and price setting.
Correct : A. Semi-autonomous
93. The purpose of identifying company's strategic business unit is:
Correct : C. Both a & b
94. The BCG's Growth Share matrix uses and of market growth as
criteria to make investment decisions.
Correct : B. Relative market share and annual rate
95. Opportunities to achieve further growth within current businesses are:
Correct : A. Intensive Opportunities
96. Opportunities to build or acquire businesses that are related to current businesses:
Correct : B. Integrative Opportunities
97. The useful framework for detecting new is called a "product-market expansion grid"
Correct : A. Intensive opportunities
98. Under ----------- approach of implementation strategies are moving from bottom to upward.
Correct : D. Crescive approach
99. The most complex structure of Strategic organisation is: