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Strategic Management MCQ Questions and Solutions with Explanations | Management

Strategic Management MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Strategic Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-2 section-1

Each section contains 100 MCQs on Strategic Management .
11
What are the guides to decision making?
Discuss
Answer & Solution
Answer: Option D
Solution:
Policies are the guides to decision making. Policies are standing plans that provide guidelines for decision making. They are guides to thinking that establish the boundaries or limits within which decisions are to be made.
12
In strategic thinking, how long is the long term, approximately?
Discuss
Answer & Solution
Answer: Option D
Solution:
In strategic thinking, more than 5 years long is the long term, approximately. Most strategic plans look about 3 to 5 years into the future.
13
Buying another company by one company means:
Discuss
Answer & Solution
Answer: Option B
Solution:
Buying another company by one company means acquisition. An acquisition is when one company purchases most or all of another company's shares to gain control of that company. Purchasing more than 50% of a target firm's stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company's shareholders.
14
Low cost, Differentiation and Focus are examples of
Discuss
Answer & Solution
Answer: Option C
Solution:
Low cost, Differentiation and Focus are examples of Business strategies. A low-cost provider seeks to sell its products at the lowest price it can, while still making a profit so that it can draw customers to the market. This is the broad version of the low-cost strategy because such companies try to appeal to a broad market.
15
Which environment can create new market and new business segments?
Discuss
Answer & Solution
Answer: Option D
Solution:
Technological environment can create new market and new business segments. Technological environment refers to the state of science and technology in the country and related aspects such as rate of technological progress, institutional arrangements for development and application of new technology, etc.
16
The word tactics is most likely to be associated with
Discuss
Answer & Solution
Answer: Option C
Solution:
The word tactics is most likely to be associated with Operational strategy. Operational strategies refers to the methods companies use to reach their objectives. By developing operational strategies, a company can examine and implement effective and efficient systems for using resources, personnel and the work process.
17
Buyers market exist when:
Discuss
Answer & Solution
Answer: Option C
Solution:
Buyers market exist when buyers purchases in large volume. A buyer's market refers to a situation in which supply exceeds demand, giving purchasers an advantage over sellers in price negotiations.
18
How many cells are in a SWOT matrix?
Discuss
Answer & Solution
Answer: Option A
Solution:
SWOT Matrix contains nine cells in which four are key factor cells, four strategy cells and one blank cell.
19
The Reasons for diversification is:
Discuss
Answer & Solution
Answer: Option B
Solution:
The Reasons for diversification is to increase organizational capabilities. Diversification strategies are used to expand firms' operations by adding markets, products, services, or stages of production to the existing business. The purpose of diversification is to allow the company to enter lines of business that are different from current operations.
20
Strategic Management handles:
Discuss
Answer & Solution
Answer: Option A
Solution:
Strategic Management handles external issues. Strategic management is the ongoing planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. Changes in the business environment require organizations to constantly assess their strategies for success.