Description : The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy
Last Answer : mission
Description : The fundamental purpose for the existence of any organization is described by its a. policies b. mission c. procedures d. Strategy
Description : Two reasons for mergers and acquisitions are a. to increase managerial staff and to minimize economies of scale. b. to reduce tax obligations and increase managerial staff. c. to create seasonal trends ... of a new sales force. d. to provide improved capacity utilization and to gain new technology
Last Answer : to provide improved capacity utilization and to gain new technology
Description : Which of the following trends is gaining momentum? (a) Using less departmentalization (b) Geographical departmentalization (c) Using only one type of departmentalization (d) Using more customer departmentalization
Last Answer : (d) Using more customer departmentalization
Description : Current trends in operations management include all of the following except (a) Just-in-time performance ; (b) rapid product development ; (c) mass customization (d) mass production
Last Answer : (d) mass production
Description : A marketing manager for a small computer manufacturer is analyzing the potential effects of political, legal, social, and economic forces on the firm's operations. The marketing manager is examining the ... situation 2. marketing environment 3. trends 4. economic conditions 5. none of these
Last Answer : marketing environment
Description : A marketing manager for a small computer manufacturer is analysing the potential effects of political, legal, social, and economic forces on the firm's operations. The marketing manager is ... firm's strategy. A)operating situation B)marketing environment C)trends D)economic conditions
Last Answer : B)marketing environment
Description : What does the acronym ISDR stand for? a) International Significant Disaster Resources b) International Sustainable Development Report c) International Strategy for Disaster Reduction d) Intergovernmental Strategy for Developing Recreation
Last Answer : c) International Strategy for Disaster Reduction
Description : Which of the following is a disaster mitigation strategy? a. Constructing cyclone shelters b. Giving loans from banks c. Providing cheap electricity d. Providing school uniforms to children
Last Answer : a. Constructing cyclone shelters
Description : Low geographical concentration with High co-ordination suggests which International Strategy? A. Complex Export B. Multi-Domestic C. Simple Export D. Global Strategy
Last Answer : Global Strategy
Description : Low geographical dispersion with Low co-ordination suggests which International Strategy? A. Multi-Domestic B. Global Strategy C. Simple Export D. None of the above
Last Answer : Simple Export
Description : High geographical concentration with High co-ordination suggests which International Strategy? A. Global Strategy B. Complex Export C. Simple Export D. None of the above
Last Answer : Complex Export
Description : High geographical dispersion but Low co-ordination suggests which International Strategy? A. Simple Export B. Global Strategy C. Multi-Domestic D. None of the above
Last Answer : Multi-Domestic
Description : Which of the following are elements of International Strategy framework? A. Market Selection B. Geographic Advantages C. Mode of Entry D. All of the above
Last Answer : All of the above
Description : Which of the following are elements of International Strategy framework? A. Climatic Conditions B. Country specific migrants C. Lingual Advancements D. Factor Conditions
Last Answer : Factor Conditions
Description : Which of the following are elements of International Strategy framework? A. Trade policies B. Lingual Advancements C. Economic Stability D. Climatic conditions
Last Answer : Trade policies
Description : Which of the following are elements of International Strategy framework? A. Lingual Advancements B. Climatic conditions C. Favourable logistics D. None of these options
Last Answer : Favourable logistics
Description : ________________ is a set of competitive moves to achieve organizational objectives? A. Competitive Analysis B. Strategy C. Management D. None of the above
Last Answer : Strategy
Description : Competitive view of strategy looks at_____________ ? A. Industry Analysis B. Competencies C. VRIO D. All the above
Last Answer : Industry Analysis
Description : Matrices like BCG Growth Share & GE Mckinsey Business Portfolio are use to evaluate___________________? A. Business Level Strategy B. Product Level Strategy C. Corporate Level Strategy D. Functional Level Strategy
Last Answer : Corporate Level Strategy
Description : Blue Ocean Strategy is about_________________?10 A. Value Innovation B. Value Cost Trade-off C. Value Protection D. All the above
Last Answer : Value Innovation
Description : Eliminate, Reduce, Raise, Create (ERRC) Grid is a tool used in which of the following? A. Benchmarking B. Blue Ocean Strategy C. Business Process Re-engineering D. Balanced Scorecard
Last Answer : Blue Ocean Strategy
Description : Which of the following are not so easy for management to influence and change during strategy implementation? A. Style of Leadership B. Strategy C. Systems D. Structure
Last Answer : Style of Leadership
Description : Which of the following are easier for management to influence and change during strategy implementation? A. Staffing B. Style of Leadership C. Structure D. Skills
Last Answer : Structure
Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external ... competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness
Last Answer : Through establishing their uniqueness
Description : This following is not a strategy for creating a sustainable competitive advantage; A. Operational efficiency B. Lock-In C. Leap-frog D. All of these are valid options
Last Answer : Leap-frog
Description : In this defensive strategy, the firm agrees to a complete distribution of firm assets to creditors A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options
Last Answer : Bankruptcy:
Description : In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options
Last Answer : Liquidation strategy:
Description : This defensive strategy involves the sale of a part of a firm or a major component of a firm; A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options
Last Answer : Divestiture strategy:
Description : In this growth strategy, the company may seek new opportunities that have no relation with its current technology, products, or markets. A. Concentric diversification B. Horizontal diversification C. Conglomerate diversification D. None of these options
Last Answer : Conglomerate diversification
Description : In this growth strategy, the company would seek new products that have marketing or technological synergies with existing product lines appealing to a new group of customers. A. Concentric diversification B. Horizontal diversification C. Conglomerate diversification D. None of these options
Last Answer : Concentric diversification
Description : Product development strategy for achieving intensive growth focuses on…. A. Current products and new markets B. Current products and current markets C. New products and current markets D. New products and new markets
Last Answer : New products and current markets
Description : Market development strategy focuses on…. A. Current products and new markets B. Current products and current markets C. New products and current markets D. New products and new markets
Last Answer : Current products and new markets
Description : For intensive growth, the company first considers whether it could gain more market share with its current products in their current market, using the following…. A. Market-penetration strategy B. Market development strategy C. Product-development strategy D. Diversification strategy
Last Answer : Market-penetration strategy
Description : Mr. Singh has decided to expand his store hours and offer discounted pricing on his existing line of pet supplies. Which strategy is he considering? A. Market penetration B. Diversification C. Product development D. Promotions
Last Answer : Market penetration
Description : Ansoff's matrix is useful for what? A. Integrating a business's marketing strategy with general strategic direction B. Establishing an editorial calendar for staff to follow C. Understanding buyer personas and buyer behaviour D. Hiring new staff and training them on marketing tactics
Last Answer : Integrating a business's marketing strategy with general strategic direction
Description : This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid
Last Answer : Emergent strategy
Description : This strategy is strategy that is actually being followed by an organisation. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid
Last Answer : Realized strategy
Description : This strategy is an expression of desired strategic direction deliberately formulated & planned in terms of resource allocation, control systems, organizational structure etc. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid.
Last Answer : Intended strategy
Description : If a company adopts a blue ocean strategy, which of the following will it not do? A. Innovate B. Create value C. Offer a low cost D. Compete head-on
Last Answer : Compete head-on
Description : Which of the following is NOT a major element of the strategic management process? A. Formulating strategy B. Implementing strategy C. Evaluating strategy D. Assigning administrative tasks
Last Answer : Assigning administrative tasks
Description : Business Unit Level Strategy decides…. A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. None of these options
Last Answer : None of these options
Description : Corporate Level Strategy decides… A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. All of these options are correct
Last Answer : All of these options are correct
Description : Business Unit Level Strategy decides…. A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. All of these options are correct D. Industry specific diversification strategies
Description : Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct
Last Answer : None of these two options are correct
Description : What does Strategy describe? A. The general direction in which an organization plans to move to attain its goals B. Framework for managerial decisions C. Leveraging strengths to gain competitive advantage D. All of these options
Last Answer : All of these options
Description : Emergent Strategy develops over time and is an ongoing process
Last Answer : True
Description : The best Firms always realize their Intended Strategy
Last Answer : False
Description : Once an effective strategy is designed, modifications are rarely required