Question # 1 of 20 ( Start time: 01:24:27 AM ) Total Marks: 1
Strategies that are designed to appeal customers with a special sensitivity for a particular product attribute are dependent on which of the following?
Select correct option:
Differentiation strategy
Focus strategy
Niche strategy
Low cost strategy
Question # 2 of 20 ( Start time: 01:25:55 AM ) Total Marks: 1
What is the profession of Michael Porter, the brain behind the Five Forces Model?
Select correct option:
Politician in the state of Ohio
Lawyer at the Michigan Supreme Court
Professor at Harvard Business School
Entrepreneur
Question # 3 of 20 ( Start time: 01:27:23 AM ) Total Marks: 1
Which of the following refers to the belief related to objectives setting that "there is no general plan for which way to go and what to do"?
Select correct option:
Managing by crisis
Managing by extrapolation
Managing by hope
Managing by subjectives
Question # 4 of 20 ( Start time: 01:28:54 AM ) Total Marks: 1
Which strategic management analytical tool has four quadrants based on two dimensions i.e. competitive position and market growth?
Select correct option:
Internal-External Matrix
SPACE Matrix
Grand Strategy Matrix
QSPM
Question # 5 of 20 ( Start time: 01:30:22 AM ) Total Marks: 1
Which one of the following is NOT included in the Porter's Five Forces model:
Select correct option:
Potential development of substitute products
Bargaining power of suppliers
Rivalry among stockholders
Rivalry among competing firms
Question # 6 of 20 ( Start time: 01:31:51 AM ) Total Marks: 1
In Competitive Profile Matrix, the rating 4 indicates what?
Select correct option:
Major weakness
Major strength
Minor strength
Minor weakness
Question # 7 of 20 ( Start time: 01:33:02 AM ) Total Marks: 1
Which of the following identified that "strategic management encourages forward thinking, favorable attitudes towards change and discipline to the management of business"?
Select correct option:
Greeley
Greenly
Greenley
Greenwich
Question # 8 of 20 ( Start time: 01:34:28 AM ) Total Marks: 1
If 'ABC' is a beverages company. After preparing its IFE Matrix, the total weighted score turns out to be 2.8 . What can we conclude about this result?
Select correct option:
The company 'ABC' is above average in its overall internal strength.
The company 'ABC' is below average in its overall internal strength. (DOUBT)
The company 'ABC' has a very high overall internal strength.
None of the above.
Question # 9 of 20 ( Start time: 01:35:56 AM ) Total Marks: 1
Which of the following can be best described as short-term in nature?
Select correct option:
Mission statements
Annual objectives
Strategies
Vision statement
Question # 10 of 20 ( Start time: 01:37:28 AM ) Total Marks: 1
If market shares of competitors are declining whereas total industry sales are increasing, which strategy do you think may be the right one to pursue?
Select correct option:
Divestiture
Market Penetration
Market Development
Retrenchment
Question # 11 of 20 ( Start time: 01:38:43 AM ) Total Marks: 1
Which category of ratios measures "how effectively a firm can maintain its economic position in the growth of the economy and industry"?
Select correct option:
Liquidity
Leverage
Activity
Growth
Question # 12 of 20 ( Start time: 01:39:58 AM ) Total Marks: 1
Selling includes all of the following marketing activities EXCEPT:
Select correct option:
Advertising
Pricing
Sales promotion
Customer relations
Question # 13 of 20 ( Start time: 01:41:27 AM ) Total Marks: 1
What is meant by the term 'Stakeholder'?
Select correct option:
A person who is not related with a business.
A person who is related with a business.
A person who owns a business.
A person who purchases the shares of a business.
Question # 14 of 20 ( Start time: 01:42:51 AM ) Total Marks: 1
The brand "Djuice" is a unique product in the sense that it exclusively targets the specific niche or segment of 'youth influenced from the Western/American culture', the strategy used in designing this product is:
Select correct option:
Cost Leadership Strategies
Focus Strategies
Integration Strategies
None of the above
Question # 15 of 20 ( Start time: 01:44:18 AM ) Total Marks: 1
Which of the following period strategic management was considered to be cure for all problems?
Select correct option:
Mid 1950s to mid 1960s
Mid 1960s to mid 1970s
Mid 1970s to mid 1980s
Mid 1980s to mid 1990s
Question # 16 of 20 ( Start time: 01:45:21 AM ) Total Marks: 1
Of the following, which one would NOT be considered one of the components of a mission statement?
Select correct option:
The target market for XYZ is oil and gas producers as well as producers of chemicals
XYZ shall hire only those individuals who have with sufficient educational levels so as to be of benefit to our customers
The customers of XYZ shall include global and local consumers of gas and oil products and domestic users of nontoxic chemicals
The technologies utilized by XYZ shall focus upon development of alternative sources of gas and oil so as to remain competitive within the industry
Question # 17 of 20 ( Start time: 01:46:53 AM ) Total Marks: 1
Strategist is an individual who is involved in the strategic management process, thus may be known as:
Select correct option:
Member board of director
President
Division manager
All of the given options
Question # 18 of 20 ( Start time: 01:48:18 AM ) Total Marks: 1
All of the following fall under Pricing decisions EXCEPT:
Select correct option:
Discounts
Credit terms
Markups
Dealer relations
Question # 19 of 20 ( Start time: 01:49:38 AM ) Total Marks: 1
Organization's culture is synonymous with:
Select correct option:
Strategy
Team work
An individual's personality
An individual's attire
Question # 20 of 20 ( Start time: 01:51:06 AM ) Total Marks: 1
Which of the following is an example of Intensive strategies?
Select correct option:
Conglomerate strategy
Forward integration
Market penetration
Retrenchment
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