5/31/2021 Assignment - 1: Attempt review

Started on Sunday, 30 May 2021, 11:57 PM

State Finished
Completed on Monday, 31 May 2021, 12:23 AM
Time taken 26 mins 35 secs
Grade 15.00 out of 15.00 (100%)

Question 1
Complete

Mark 0.50 out of 0.50

Bargaining power of suppliers will be high if

Select one:
a. Many Products Are Available
b. Not Many Suppliers Are Available
c. Not Many Products Are Available

d. Many Suppliers Are Available

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Question 2
Complete
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Competitive Behaviour: is a set of offensive or defensive moves

Select one:
a. A Firm Makes To Maintain Or Improve Its Market Position.
b. A Firm Makes To Maintain Or Improve Its Market Share
c. A Firm Makes To Maintain Or Improve Its Market Reputation.
d. A Firm Makes To Maintain Or Improve Its Image.

Question 3
Complete 
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the aim of cost leadership strategy is to

Select one:
a. Start Cut Throat Competition
b. To Sell At The Cheapest Price
c. To Sell At A Lower Price
d. Make A Low Cost Product

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Question 4
Complete
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A focus strategy means

Select one:
a. Selling Cheap To Produce Products
b. Selling Products In One Market Only
c. Selling Very Few Products
d. Selling Products To A Narrow Segment Of Customers

Question 5
Complete 
Mark 0.50 out of 0.50

Competitors: are those companies which make similar products,

Select one:
a. Market Them In Same Location & Aim At Same Customer Group.
b. Market Them In Diiferent Location & Aim At Same Customer Group.
c. Market Them In Diiferent Location & Aim At Different Customer Group.
d. Market Them In Same Location & Aim At Different Customer Group.

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Question 6
Complete
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Competitive dynamics: pertains to full set of behaviours

Select one:
a. Be It Action Or Reaction By All The Firms, Competing Within A Country.
b. Be It Action Or Reaction By All The Firms, Competing Within A Industry.
c. Be It Action Or Reaction By All The Firms, Competing Within A State.
d. Be It Action Or Reaction By All The Firms, Competing Within A Market.

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Question 7
Complete
Mark 0.50 out of 0.50

The ______________ is a managerial framework used to determine the strategic resources a firm can exploit to achieve sustainable competitive
advantage.

Select one:
a. Ife
b. Rbv
c. Efe
d. Vca

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Question 8
Complete
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Retrenchment is _____________

Select one:
a. Functional Level Strategy
b. Operational Level Strategy
c. Business Level Strategy
d. Corporate Level Strategy

Question 9
Complete 
Mark 0.50 out of 0.50

Value is best described as

Select one:
a. Which Offers Competitive Advantage To Firm
b. Which Offers Best Features To Customer
c. Which Offers Benefits As Perceived By Customer
d. Which Offers Value For Money

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Question 10
Complete
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Arrange the following steps related to Value Chain Anaysis1. Document the activities classify them ino primary and support activities 2. Identify
the cost incurred for each Activity and also the margins delivered.3. Benchmark the firms value chain to the industry value chain.4. Identify
activities which give max value and are unique so they are re competencies5. Map the cost structure to see advantage.Choose the correct
option

Select one:
a. 5, 1, 4, 3, 2
b. 1, 2, 3, 4, 5
c. 3, 4, 2, 5, 1
d. 2, 1, 3, 4, 5

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Question 11
Complete
Mark 0.50 out of 0.50

What does industry environment involves 1.Threat of new entrants 2. Power of supplier 3. Power of buyers 4. Product substitute 5. Intensity of
rivalry Choose the correct option

Select one:
a. 2, 3 & 4 Only
b. 1, 2 & 3 Only
c. None Of The Above
d. All The Above

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Question 12
Complete
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“ ___________ is the process by which the strategists examine the firm’s marketing and distribution, research and development, production and
operations, corporate resources and personnel, finance and accounting factors to determine where the firm has significant strengths and
weaknesses.

Select one:
a. Internal Analysis
b. Competitor Analysi
c. Internal And External Analysis
d. External Analysis

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Question 13
Complete
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which one of the following is used to achieve long term goals of the firm

Select one:
a. Strategy
b. Strength
c. Policy
d. Opportunity

Question 14
Complete 
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_______ is a possible and desirable future state of an organization

Select one:
a. Goals
b. Mission
c. Vision
d. Objectives

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Question 15
Complete
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According to VRIO Model, questions whose answer give organizations competencies are : 1. Value: Does the resource under consideration
provide customer value?2 Rareness: Does the resource under consideration is not possessed by competitors?3. Imitability: Does the resource
under consideration is costly to imitate by competitors?4.Organization: Does the organizations are designed to exploit the resource?Choose
the correct option

Select one:
a. 1 & 2
b. 2,4
c. 1, 4
d. 1, 2, 3,4

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Question 16
Complete
Mark 0.50 out of 0.50

Which among the following should be tried first amog retrenchment strategies?

Select one:
a. Divestiture
b. Liquidation
c. Stability
d. Turnaround

Question 17
Complete 
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Who gave VRIO frame work

Select one:
a. Humphrey
b. Barney
c. Glueck
d. C. K. Prahalad & Gary Hamel

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Question 18
Complete
Mark 0.50 out of 0.50

A well known brand offers unique product, which is liked by customers, the firm is following

Select one:
a. Focus Stategy
b. Differentiation Strategy
c. Corporate Level Strategy
d. Combination Strategy

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Question 19
Complete
Mark 0.50 out of 0.50

Match the following questions relates to VRIO framework 1. Value. A.Does your have organised management system, processes, structures,
and culture to capitalize on resources and capabilities 2. Organisation B. Is it expensive to duplicate your organization’s resource or capability
3. Imitability C. Do you control scare resources or capabilities 4. Rarity. D. Do you offer a resource that adds value for customer Choose the
correct option

Select one:
a. 1-D, 2-C, 3-B, 4-A
b. 1-A, 2-B, 3-C, 4-D
c. 1-D, 2-A, 3-B, 4-C
d. 1- A, 2-D, 3-B, 4-C

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Question 20
Complete
Mark 0.50 out of 0.50

Which one of the following is not one of the forces of porter's model

Select one:
a. Bargaing Power Of Suppliers
b. Threat Of Innovations
c. Barriers To Entry
d. Bargaining Power Of Buyers

Question 21
Complete 
Mark 0.50 out of 0.50

Five force model for industrial analysis was given by

Select one:
a. Ansoff
b. Albert Humphrey
c. Glueck
d. Michael E Porter

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Question 22
Complete
Mark 0.50 out of 0.50

Which of the these is not a nature of business environment

Select one:
a. Continuous
b. Uncertain
c. Easily Predictable
d. Dynamic

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Question 23
Complete
Mark 0.50 out of 0.50

Which of the following is the advantage of mapping competitors against key characteristics 1. Identify strategic competitors 2. Identify
marginal groups 3. Identify strategic spaces 4. Chart directions of strategic movement hoose the correct option

Select one:
a. 1, 2 & 3 Only
b. 1 &2 Only
c. 1, 2, 3, 4
d. 2, 3 & 4 Only

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Question 24
Complete
Mark 0.50 out of 0.50

Who gave RBV theory

Select one:
a. Humphrey
b. Glueck
c. Barney
d. Porter

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Question 25
Complete
Mark 0.50 out of 0.50

A ______________ results from a specific set of skills or production techniques that deliver additional value to the customer. These enable an
organization to access a wide variety of markets.

Select one:
a. Strength
b. Capability
c. Core Competency
d. Opportunities

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Question 26
Complete
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Mutual interdependence: Strategic competitiveness & above average returns result only when firms realise

Select one:
a. That Their Actions & Reactions Are Not Implemented In Isolation From Competitors Action & Responses.
b. That Their Strategies Are Not Implemented In Isolation From Competitors Action & Responses.
c. That Their Strategies Are Implemented In Isolation From Competitors Action & Responses.
d. That Their Tactics Are Not Implemented In Isolation From Competitors Action & Responses.

Question 27
Complete 
Mark 0.50 out of 0.50

Full form of ETOP analysis

Select one:
a. Economic Threat And Opportunity Product
b. Environmental Threat And Opportunity Profile
c. Environment Threat And Opportunity Profile
d. Economic Threat And Opportunity Profile

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Question 28
Complete
Mark 0.50 out of 0.50

Growth strategy is a

Select one:
a. Business Level Strategy
b. Corporate Level Strategy
c. Operational Level Strategy
d. Functional Level Strategy

Question 29
Complete 
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Which is not the different phases of strategic process

Select one:
a. Strategy Implementation
b. Strategy Planning
c. Strategy Analysis
d. Strategy Formulation

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Question 30
Complete
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Identify entry of barriers for new entrant in the industry1.Economies of scale2. Product differentiation3. Capital requirements 4. Switching
costs 5. Access to distribution channels: 6. Cost disadvantages independent of size 7. Government policy Choose the correct option

Select one:
a. All The Above
b. 5, 6, 7 Only
c. 1, 2, 3, 4
d. None Of The Above

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 

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