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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-3

Each section contains 100 MCQs on Strategic Management .
41
Developing a __________ is like having a dream to be covered into reality in future
Discuss
Answer & Solution
Answer: Option D
Solution:
Developing a vision is like having a dream to be covered into reality in future. An aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future. It is intended to serves as a clear guide for choosing current and future courses of action.
42
Which of the following is not a key theme in market development?
Discuss
Answer & Solution
Answer: Option C
Solution:
Developing new products for new markets and segments is not a key theme in market development. New product development (NPD) is the process of bringing a new product to the marketplace.
43
First step in developing a vision statement is
Discuss
Answer & Solution
Answer: Option D
Solution:
First step in developing a vision statement is conducting vision audit. The vision for your organization should be aggressive, yet attainable. Your organization will never be greater than the vision you create in this process.
44
___________arises when a firm is able to perform an activity that is distinct from competitors
Discuss
Answer & Solution
Answer: Option A
Solution:
Competitive advantage arises when a firm is able to perform an activity that is distinct from competitors. Competitive advantage refers a company's ability to outperform rivals due to unique, high demand, or superior quality products or services.
45
Sound strategic choices will always address four issues. Which of the following is one of those reasons?
Discuss
Answer & Solution
Answer: Option D
Solution:
Sound strategic choices will always address four issues. Financial returns is one of those reasons. A return, also known as a financial return, in its simplest terms, is the money made or lost on an investment over some period of time. A return can be expressed nominally as the change in dollar value of an investment over time.
46
SBU stands for
Discuss
Answer & Solution
Answer: Option D
Solution:
SBU stands for strategic business unit. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction.
47
The word strategy originated from ___________
Discuss
Answer & Solution
Answer: Option A
Solution:
The word strategy originated from stratagos. The term “strategy” is derived indirectly from the Classic and Byzantine (330 A.D.) Greek “strategos,” which means “general.”
48
Which of the following is a consideration when assessing the appropriateness of a strategy?
Discuss
Answer & Solution
Answer: Option D
Solution:
Resources is a consideration when assessing the appropriateness of a strategy. A resource is a source or supply from which a benefit is produced and that has some utility. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources.
49
ETOP stands for___________
Discuss
Answer & Solution
Answer: Option A
Solution:
ETOP stands for Environmental threat and opportunity profile. ETOP analysis (environmental threat and opportunity profile) is the process of gathering information about events and their relationships within an organization's internal and external environments.
50
Which of the following is a consideration when assessing the feasibility of a strategy?
Discuss
Answer & Solution
Answer: Option A
Solution:
Timing is a consideration when assessing the feasibility of a strategy. Feasibility is concerned with the resources required to implement the strategy are available, can be developed or obtained.