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Management
Strategic Management
Quiz 9
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Q.1
Which of the following statements is not true reg corporate strategies?
They are concerned with the broad and more long-term issues of the organization
They are concerned with how the organization is going to compete in a specific business or industry
are concerned with the direction the organization is headed
They are concerned with the business(es) that the organization is in and the businesses they want to be in
Q.2
Two reasons for mergers and acquisitions are
to increase managerial staff and to minimize economies of scale
to reduce tax obligations and increase managerial staff
to create seasonal trends in sales and to make better use of a new sales force
to provide improved capacity utilization and to gain new technology
Q.3
Retrenchment is:
When a company experiences declining profits and makes cutbacks to improve efficiency
When a company adopts a new strategic position for a product or service
The sale of the complete business, either as a single going concern or piecemeal to different buyers or sometimes by auctioning the assets
ely to take place when an organization lacks a key success factor for a particular market
Q.4
Which type of trend can be exemplified by the increasing numbers of two income households in a society?
Solid
Economic
Cultural
Technological
Q.5
The primary benefit brought from restructuring is:
employee involvement
cost reduction
increased morale
increased number and organizational hierarchy
Q.6
All of the following are key opportunities and threats in external environment because of political, government and legal forces except:
Tax rate
Social security program
Cross boarder relationship
Patent law
Q.7
the following are considered grand strategies, except for:
A retrenchment strategy
Strategic business units
A growth strategy
Related diversification
Q.8
Abdullah group of industries is involved in the sale of its marginal business. It is most likely to say that Abdullah group is implementing which one of the following strategies?
Retrenchment
Liquidation
Acquisition
Join venture
Q.9
What is the starting point of strategic intent?
Objectives
Goals
Mission
Vision
Q.10
Corporate level strategy deals with:
objectives of specific functions
objective of Single strategic Business Unit
objectives of the corporate
objectives of specific operations
Q.11
What are the guides to decision making?
Rules
Procedures
Goals
Policies
Q.12
In strategic thinking, how long is the long term, approximately?
1 month to 1 year
2 to 3 years
3 to 5 years
More than 5 years
Q.13
Strategy is developed by the visionary chief executive in ___________ mode of strategic management
planning mode
adaptive mode
strategic mode
entrepreneurial mode
Q.14
Stability strategy is a ____________ strategy
corporate level
business level
functional level
strategic level
Q.15
Technological advancements can create which of the following advantage besides many other existing powerful advantages for the businesses?
Economic
Social
Environmental
Competitive
Q.16
Which strategies aim at improving internal weakness by taking advantage of external opportunities?
SO
WO
SW
ST
Q.17
Internal audit is done:
Before external audit
After external audit
Parallel to external audit
Vertical to external audit
Q.18
Bargaining power of customers is high if:
Differentiation of competitors product is low
Switching costs are low for substitute products
The buyer has little information about the market
The buyer requires a high quality product for own production
Q.19
From the following activity which does not comes under the primary activities of value Chain analysis:
Operations
Technology development
Marketing and sales
Services
Q.20
Which of the following can be identified as a best statement that represents a firms big picture statements, describing a desired end state, general in scope and not restrictive?
Corporate philosophy statement
Company creed
Vision statement
Mission statement
Q.21
One of the top level manager of a large manufacturing plant uses to spend her day trying to ensure that the material waste is not more than 10% , she spends her day performing the management process of:
Planning
Organizing
Leading
Controlling
Q.22
Buying another company by one company means:
Joint venture
Acquisition
Amalgamation
Merger
Q.23
Low cost, Differentiation and Focus are examples of
Corporate strategies
Operational strategies
Business strategies
Functional strategies
Q.24
What are the means by which long term objectives will be achieved?
Strategies
Policies
Strength
Opportunities
Q.25
Marketing strategy is a ___________ type of strategy
business level
Growth strategy
corporate strategy
functional strategy
Q.26
the sketch of the BCG matrix, what is the label of the horizontal axis?
Industry growth rate
Market share
Market growth rate
Business strength
Q.27
The word tactics is most likely to be associated with
Business strategy
Corporate strategy
Operational strategy
All of the abvoe
Q.28
A possible and desirable future state of an organization is called:
Mission
Vision
Strategy implementation
Strategy formulation
Q.29
What does Question mark symbolize in BCG matrix?
Remain Diversified
Invest
Stable
Liquidate
Q.30
The magnitude and changes that may affect an organization is survival owing to all of the following except:
Merger-mania
Demographics
E-commerce
Dubious firms
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