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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-5 section-1

Each section contains 100 MCQs on Strategic Management .
41
Which would be classified as a stakeholder?
Discuss
Answer & Solution
Answer: Option D
Solution:
Communities Banks Suppliers would be classified as a stakeholder. A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses and farmers. Employees often reside within the communities they serve.
42
an organisation increases its sales through greater marketing efforts, and expands its workforce and production capacity to cope with the increase in demand for its product, it is following a growth strategy in which growth is achieved through:
Discuss
Answer & Solution
Answer: Option D
Solution:
Direct expansion is following .growth strategy in which growth is achieved.
43
According to the BCG matrixSBU comprising products in an attractive industry but representing little market share would be referred to as:
Discuss
Answer & Solution
Answer: Option D
Solution:
According to the BCG matrixSBU comprising products in an attractive industry but representing little market share would be referred to as a question mark.
44
A company offers unique products that are widely valued by customers, it is likely to follow a:
Discuss
Answer & Solution
Answer: Option A
Solution:
A company offers unique products that are widely valued by customers, it is likely to follow a differentiation strategy. Differentiation strategy, as the name suggests, is the strategy that aims to distinguish a product or service, from other similar products, offered by the competitors in the market.
45
the following are considered grand strategies, except for:
Discuss
Answer & Solution
Answer: Option B
Solution:
The following are considered grand strategies, except for Strategic business units. Strategic Business Unit (SBU) implies an independently managed division of a large company, having its own vision, mission and objectives, whose planning is done separately from other businesses of the company.
46
Analysing the ext environment and the organisations resources are part of the:
Discuss
Answer & Solution
Answer: Option D
Solution:
Analysing the ext environment and the organisations resources are part of the Strategic planning process. Strategic planning is a process undertaken by an organization to develop a plan for achievement of its overall long-term organizational goals.
47
Which of the following is not one of Porters five competitive forces?
Discuss
Answer & Solution
Answer: Option C
Solution:
Threats of technological advances is not one of Porters five competitive forces. Porter's five forces include three forces from 'horizontal' competition--the threat of substitute products or services, the threat of established rivals, and the threat of new entrants--and two others from 'vertical' competition--the bargaining power of suppliers and the bargaining power of customers.
48
Strategic business units
Discuss
Answer & Solution
Answer: Option C
Solution:
Strategic business units develop their own unique way of competing. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction. Typically, a strategic business unit operates as a separate unit, but it is also an important part of the company. It reports to the headquarters about its operational status.
49
Marketing current products with possible modifications and range increases is also known as what?
Discuss
Answer & Solution
Answer: Option D
Solution:
Marketing current products with possible modifications and range increases is also known as Market development. Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market.
50
Retrenchment is:
Discuss
Answer & Solution
Answer: Option A
Solution:
Retrenchment is when a company experiences declining profits and makes cutbacks to improve efficiency. Retrenchment is the termination of an employee by an employer for reasons other than a punishment meted out by disciplinary action. Employees terminated in such a manner are financially compensated by the employer.