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Strategic Management 100 Sample Questions With Answers
Strategic Management 100 Sample Questions With Answers
Strategic Management 100 Sample Questions With Answers
a. policies
b. mission
c. procedures
d. strategy
Ans. b
Ans. b
a. It is interdisciplinary.
Ans. d
Ans. c
a. Formulating strategy
b. Implementing strategy
c. Evaluating strategy
a. increased efficiency.
d. intangible resources.
Ans. a
a. Innovation
b. Value creation
c. Value innovation
Ans. c
a. strengths.
b. core competencies.
c. capabilities.
d. customer value.
Ans. b
10. When defining strategic management the most
important thing to remember is that it is:
Ans. c
Ans. b
a. strategic analysis
c. strategy formulation
d. strategy implementation.
Ans. b
13. Which of the following is not an advantage of strategic
management?
Ans. b
a. Business strategy
b. Corporate strategy
c. Functional strategy
d. National strategy
Ans. b
a. Business strategy
b. Corporate strategy
c. Functional strategy
d. National strategy
Ans. a
a. Competitive strategy
b. Corporate strategy
c. Operational strategy
d. National strategy
e. Mission strategy
Ans. c
d. Developing a strategy
Ans. b
Ans. a
Ans. c
Ans. c
Ans. a
a. a firm produces its product with less raw material waste than its
competitors
c. a firm’s products are introduced into the market faster than its
competitors’
Ans. c
Ans. c
Ans. b
a. The target market for XYZ is oil and gas producers as well as
producers of chemicals.
b. XYZ shall hire only those individuals who have with sufficient
educational levels so as to be of benefit to our customers
Ans. b
a. vision
b. mission
c. culture
d. strategy
Ans. a
Ans. a
a. demographic factors.
b. sociocultural factors.
Ans. c
a. interest rates.
b. international trade.
Ans. d
Ans. c
b. economies of scale
Ans. d
Ans. c
36. The highest amount a firm can charge for its products
is most directly affected by
Ans. b
37. All of the following are forces that create high rivalry
within an industry EXCEPT
Ans. c
a. can do.
b. should do.
c. will do.
d. might do.
Ans. a
a. can do.
b. should do.
c. will do.
d. might do.
Ans. d
Ans. a
42. In the airline industry, frequent-flyer programs, ticket
kiosks, and e-ticketing are all examples of capabilities that
are
a. rare.
b. causally ambiguous.
c. socially complex.
d. valuable.
Ans. d
Ans. c
a. differentiators.
b. larger companies.
c. first movers.
d. market leaders.
Ans. d
45. What can be defined as the art and science of
formulating, implementing and evaluating cross-
functional decisions that enable an organization to achieve
its objectives?
a. Strategy formulation
b. Strategy evaluation
c. Strategy implementation
d. Strategic management
e. Strategic leading
Ans. d
a. Rites
b. Emotions
c. Rituals
d. Sagas
e. Symbols
Ans. b
a. Strategists
b. Financial planners
c. Personnel directors
d. Stakeholders
Ans. a
a. Competition
b. Political agencies
c. Suppliers
d. Trade union
Ans. b
a. measurable.
b. continually changing.
c. reasonable.
d. challenging.
e. consistent.
Ans. b
a. laws
b. rules
c. policies
d. procedures
e. goals
Ans. c
Ans. d
b. in annual reports.
c. on customer receipts.
d. on supplier invoices.
Ans. b
b. Banks
c. Suppliers
d. Employees
e. All of these
Ans. e
Ans. b
a. Formulation Framework
b. Matching stage
d. Decision stage
Ans. b
56. ST Strategies is an important strategy to
Ans. b
a. Divisions
b. S. B. U. s
c. Competitors
d. Management
Ans. c
a. Internal environment
b. Task environment
c. Operating environment
d. Societal environment
Ans. d
59. Strategic management involves the_______, directing,
_______ and controlling of a company’s strategy-related
decisions and actions.
a. Financing; marketing
b. Planning; financing
c. Planning; organizing
d. Marketing; planning
Ans. c
a. Value statement
b. Pricing policy
d. Long-term objective
Ans. c
Ans. a
Ans. b
c. Should be measurable
Ans. c
a. Financial resources,
b. Physical resources,
c. Human resources
Ans. d
a. A pure science.
b. Based mainly on intuition.
Ans. d
a. Strategy
b. Goals
c. Competitive analysis
d. Dynamic policies
Ans. a
a. Operative
b. Top
c. Front-line
d. Middle
Ans. b
c. Why do we exist?
Ans. d
a. Analyzing competitors
Ans. b
Ans. a
a. Mission
b. Strategy
c. Objective
d. Policy
Ans. c
a. Mission
b. Vision
c. Strategy implementation
d. None of above
Ans. b
a. Know; forecast
c. Forecast; know
Ans. c
74. “To improve economic strength of society and function
as a good corporate citizen on a local, state, and national
basis in all countries in which we do business”. This is a
mission statement that contains:
a. Self-concept
b. Economic concern
c. Products or Services
Ans. d
a. Environmental scanning
b. Strategy formulation
c. Strategy control
d. Strategy evaluation
Ans. a
a. Qualitative, Operational
b. Quantitative, Operational
c. Qualitative, Quantitative
Ans. c
77.____________ identifies a firm’s major competitors
and their particular strengths and weaknesses in relation
to a sample firm’s strategic position.
Ans. a
a. Environmental scanning
b. Strategy formulation
c. Strategy Implementation
d. Strategy evaluation
Ans. c
a. Reactive
b. Proactive
c. Anti-regulatory or anti-government
e. It is management by ignorance.
Ans. c
a. Strategies.
b. Strengths.
c. Weaknesses.
d. Policies.
e. Opportunities.
Ans. a
c. Why do we exist?
d. What do we want to become?
Ans. d
a. economic
b. political
c. technological
d. competitive
e. Multinational
Ans. b
a. Analyzing competitors
Ans. b
a. Strategists
b. Financial planners
c. Personnel directors
d. Stakeholders
Ans. a
a. Measurable.
b. Continually changing.
c. Reasonable.
d. Challenging.
e. Consistent.
Ans. b
a. laws
b. rules
c. policies
d. procedures
e. goals
Ans. c
b. Banks
c. Suppliers
d. Employees
Ans. e
a. 3
b. 4
d. 2
Ans. a
a. Social
b. Economic
c. Cultural
d. Technological
Ans. b
91. External assessment is performed in which of the
strategic management phase?
Ans. a
Ans. a
a. 1 -2 years
c. one years
Ans. d
Ans. b
a. Self-concept
c. A declaration of attitude
d. Philosophy
Ans. b
Ans. c
a. Marketing
b. Opportunity analysis
d. Management
Ans. c
d. Formulating strategy
Ans. c
Ans. a
a. organizational
b. operational
c. functional
d. production
Ans. C