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 : 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 : 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
Last Answer : All of these options are correct
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 : 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 : 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 : 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
Description : Unit Level Strategy decides…. A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. None of these options
Description : Decisions regarding which industries to compete in are the concern of: Select one: a. Functional level strategy b. Mergers and acquisitions. c. Business level strategy. d. Corporate level strategy
Last Answer : Corporate level strategy
Description : In which of the following situations a buyer power is NOT likely to be high? A. Where switching costs are low B. Where ultimate consumer power is weak C. Where the buyer can threaten to compete D. Where a few big customers account for the majority of Sales
Last Answer : Where ultimate consumer power is weak
Description : This strategy will concentrate on the Traditional and Low End segment. Competitive advantage will be gained by keeping R&D costs, Production costs, and raw materials costs to a minimum, ... Life Cycle Focus d. Differentiation Strategy with a Product Life Cycle Focus e. Broad Differentiation
Last Answer : b. Niche Cost Leader
Description : This strategy attempts to gain a competitive advantage by keeping R&D costs, production costs and raw material costs to a minimum in order to compete on the basis of price. The product life ... Life Cycle Focus d. Differentiation strategy with a Product Life Cycle Focus e. Broad Differentiation
Last Answer : c. Cost Leader with Product Life Cycle Focus
Description : A business that adopts the proactive strategy to social responsibility: A)assumes responsibility for its actions and responds to accusations without outside pressure B)tries to minimise or avoid additional ... )allows a condition or potential problem to go unresolved until the public learns about it
Last Answer : A)assumes responsibility for its actions and responds to accusations without outside pressure
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 : _________________________ looks at financial and non-financial factors to evaluate strrategic performance? A. Business Process Re-engineering B. Balanced Scorecard C. Benchmarking D. Blue Ocean Thinking
Last Answer : Balanced Scorecard
Description : What metaphor is used to describe the competitive space where products are not yet well defined, competitors are not structured and the market is relatively unknown? A. Blue ocean B. Red sea C. Blue lagoon D. Red ocean
Last Answer : Blue ocean
Description : What metaphor is used to describe the competitive space where products are not yet well defined, competitors are not structured, and the market is relatively unknown? A. Blue ocean B. Red sea C. Blue lagoon D. Red ocean
Description : Strategic Mission ------------------ : A. Is a statement of a Firm's unique purpose & scope of Operations B. Is an internally focused affirmation of the Organizational, Societal and Ethical ... the Co. intends to compete D. Is developed by a Firm before the Firm develops it's Strategic Intent
Last Answer : Is a statement of a Firm’s unique purpose & scope of Operations
Description : This strategy will allow us to maintain a presence in every market segment. Competitive advantage will be gained by keeping R&D costs, Production costs and raw material costs to a minimum, ... Life Cycle Focus d. Differentiation Strategy with a Product Life Cycle Focus e. Broad Differentiation
Last Answer : a. Broad Cost Leader
Description : Companies with this strategy state their vision as follows: Low priced products for the whole industry, our brands offer solid value. Our primary stakeholders and bondholders, customers, stockholders and ... Strategy with a Product Life Cycle Focus d. Broad Cost Leader e. Broad Differentiatio
Last Answer : d. Broad Cost Leader
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 : 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 : It is generally agreed that the central role of strategy is to Select one: a. Achieve competitive advantage. b. Make best use of resources. c. Make the best products and service d. Make profits for the company
Last Answer : Achieve competitive advantage.
Description : If Coca-Cola wished to examine its general environment before constructing its business strategy, the company would explore all of the following environments except (a) Sociocultural ; (b) Knowledge ; (c) Global ; (d) Economic
Last Answer : (b) Knowledge ;
Description : If a high caste teacher adopts a discriminatory attitude to ward low caste students his behavior is (a) Correct according to his religion (b) Against the national spirit, and need of the ... Not against the constitutional provisions (d) Not against the code of teacher's professionalism of UNESCO
Last Answer : (b) Against the national spirit, and need of the hour
Description : If a high 'caste teacher adopts a discriminatory attitude toward a low caste students his behaviour is Options: A) correct according to his religion B) against the national spirit, and need ... not against the constitutional provisions D) not against the code of teacher's professionalism of UNESCO
Last Answer : B) against the national spirit, and need of the hour
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 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 is NOT an example of a global strategy? a) The British subsidiary of global insurance group Aviva develops a new product for the UK market. b) IKEA sells ... Walmart withdraws from Germany in order to avoid changing its global strategy of selling low-priced products.
Last Answer : The British subsidiary of global insurance group Aviva develops a new product for the UK market
Description : The innovation strategy is characterized by……………… (a) A mixture of loose with tight properties ; (b) Looser controls for new undertakings (c) Low specialization and low formalization ; (d) Tight controls over current activity
Last Answer : (c) Low specialization and low formalization ;
Description : Which of the following sentences best summarizes the differences between the red and blue oceans strategies? A. Red oceans are about avoiding head-to-head competition while blue oceans are ... are occasionally created well beyond existing industry boundaries. D. All the above options are valid
Last Answer : In the red oceans, industry boundaries are defined and accepted and the competitive rules of the game are known. Blue oceans are occasionally created well beyond existing industry boundaries.
Description : Which of the following sentences best summarizes the differences between the red and blue oceans strategies? A. Red oceans are about avoiding head-to-head competition while blue oceans are ... occasionally created well beyond existing industry boundaries. D. All the above options are valid
Last Answer : In the red oceans, industry boundaries are defined and accepted and the competitive rules of the game are known. Blue oceans are occasionally created well beyond existing industry boundaries
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 : A sustainable competitive advantage requires that: Select one: a. Other companies are not able to duplicate the strategy b. The value creating strategy be in a formulation stage c. Average returns be earned by the company d. Competitors are simultaneously implementing the strategy.
Last Answer : Other companies are not able to duplicate the strategy
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 : 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 environments ... . C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.
Last Answer : Through establishing their uniqueness.
Description : A firm with limited resources can compete with much larger organization by : 1. concentrating its efforts on a single segment 2. using a multi-segment targeting strategy 3. ... segmentation variable 4. using multivaluable segmentation 5. concentrating its efforts on the total population
Last Answer : concentrating its efforts on a single segment
Description : A firm with limited resources can compete with much larger organisations by: A)concentrating its efforts on a single segment B)using a multi-segment targeting strategy C)using ... segmentation variable D)using multivariable segmentation E)concentrating its efforts on the total population
Last Answer : A)concentrating its efforts on a single segment
Description : Select the most accurate statement. Value is ----------- : A. Means value for money B. Is best described as the benefits the business chooses to give to customers through it's ... Is the benefits of a product / service as perceived by the customer D. Does not offer competitive advantage
Last Answer : Is the benefits of a product / service as perceived by the customer
Description : Reciprocating pumps are not able to compete with the centrifugal pump for industrial use, mainly because these pumps have (A) Very low speeds (B) Smaller discharge (C) Higher capital &maintenance cost (D) High vibrations
Last Answer : (C) Higher capital &maintenance cost