9/28/2021 Midterm Quiz 1: Attempt review

Home / My courses / UGRD-BME6370A-2113T / WEEK 6: Strategy Formulation / Midterm Quiz 1

Started on Tuesday, 28 September 2021, 10:45 AM

State Finished

Completed on Tuesday, 28 September 2021, 10:49 AM

Time taken 3 mins 48 secs

Grade 15.00 out of 15.00 (100%)

Question 1
Correct

Mark 1.00 out of 1.00

Demographic and psychographic factors are the primary indicators considered in defining the organization’s target market.

Select one:
True 

False

Question 2
Correct

Mark 1.00 out of 1.00

Which is not belong in the group?

Select one:
Functional level

Business management level



Corporate level Your

answer is correct.

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9/28/2021 Midterm Quiz 1: Attempt review

Question
Correct

Mark 1.00 out of 1.00

Strategic objectives should not be communicated to the employees to protect the important information.

Select one:
True

False 

Question 4
Correct

Mark 1.00 out of 1.00

___________ is the domain that the business hopes to dominate.

Select one:

Target Market


Market Place

Customers

Your answer is correct.

Question 5
Correct

Mark 1.00 out of 1.00

It is an analytical process of selection of the best suitable course of

action to meet the organizational objectives and vision.

Answer: Strategy Formulation 

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9/28/2021 Midterm Quiz 1: Attempt review

Question
Correct

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It represents what the organization must achieve in order for it to become competitive – or to remain competitive – and
ensure sustainability of the business over the long term.

Answer: Strategic objectives 

Question 7
Correct

Mark 1.00 out of 1.00

This level outlines what you want to achieve: growth, stability, acquisition or retrenchment. It focuses on what business you are
going to enter the market.

Answer: Corporate level strategy 

Question 8
Correct

Mark 1.00 out of 1.00

This level concentrates on how an organization is going to grow. It defines daily actions including allocation of resources to
deliver corporate and business level strategies.

Answer: Functional level strategy 

Which of the following is the third step in strategy formulation?

Select one:
Selection of Strategy

Performance Analysis

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9/28/2021 Midterm Quiz 1: Attempt review

Question
Correct

Mark 1.00 out of 1.00


Forming Quantitative Goals

Establishing Organizational Objectives

Your answer is correct.

Question 10
Correct

Mark 1.00 out of 1.00

This level answers the question of how you are going to compete.

Answer: Business level strategy 

Question 11
Correct

Mark 1.00 out of 1.00

They are the end users of the products and services that the company
offers.

Answer: Customers 

12

Feedback plays a very important role in the evaluation stage, providing the strategists with insights on how the implemented strategies
are faring.

Select one:
True

False

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9/28/2021 Midterm Quiz 1: Attempt review

Question
Correct

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Question 13
Correct

Mark 1.00 out of 1.00

This is done to estimate the degree of variation between the actual and the standard performance of an organization.

Select one:

Performance analysis


Forming quantitative goals

Selection of Strategy

Your answer is correct.

Question 14
Correct

Mark 1.00 out of 1.00

Which is in a proper order?

Select one:

Corporate level, Business level, Functional level



Functional level, Business level, Corporate level

Corporate level, Functional level, Business level

Your answer is correct.

15

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9/28/2021 Midterm Quiz 1: Attempt review

Question
Correct

Mark 1.00 out of 1.00

A self-contained division that provides a product or service for a particular market.

Answer: business unit 

◄ Strategy Formulation

Jump to...

The Nature of Internal Analysis ►

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