Strategic Management MCQ Questions and Solutions with Explanations

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-5

Which of the following forms a component of internal analysis of SWOT analysis?

A) Opportunity and Weakness B) Weakness and Threat C) Strength and Weakness D) Opportunity and Threat

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Answer & Solution

Answer: Option C

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Which of the following strategies main purpose is to increase profits?

A) Turnaround strategy B) Divestment strategy C) Liquidation D) Conglomerate diversification

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Answer: Option A

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Which among the following are 5 Ps of strategy as identified by Mintzberg?
1. Plan
2. Problem
3. Pattern
4. Position
5. Ploy
6. Perspective

A) 3, 2, 1, 5, 4 B) 5, 2, 3, 4, 1 C) 4, 2, 3, 1, 5 D) 1, 2, 3, 4, 5

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Answer & Solution

Answer: Option D

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How many categories are present in Ansoff Matrix?

A) Three B) Four C) Seven D) Ten

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Answer: Option B

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Which of the following strategies has to be done to prevent losses that a firm has to face?

A) Turnaround strategy B) Divestment strategy C) Liquidation D) Conglomerate diversification

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Answer: Option B

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Which of the following involves consolidation of operational units to produce economies of scale and greater efficiencies?

A) Expansion through concentration B) Expansion through diversification C) Expansion through integration D) Expansion through cooperation

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Answer: Option C

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Which of the following is not the feature of a highly competitive industry?

A) Low barriers to the entry B) Weak supplier and buyer bargaining power C) Low competition D) Fewer substitutes of the existing products

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Answer & Solution

Answer: Option A

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Match the items of List I with the items of List II and choose the correct answer. These items relate to BeG matrix.

List-I (Names of the Quadrant)	List-II (Action Required)
a. Dogs	1. Have excess resources that can be spun off to those products that need it
b. Question marks	2. Require a heavy resource investment to fuel their rapid growth
c. Cash cows	3. Should be phased out unless they are needed to complement the sales of another product or for competitive reasons
d. Starts	4. Require significant resources to maintain and potentially increase their market share

A) a-3, b-1, c-4, d-2 B) a-4, b-3, c-1, d-2 C) a-3, b-4, c-1, d-2 D) a-2, b-4, c-3, d-1

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Answer & Solution

Answer: Option C

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Only diversified company with a balanced portfolio can use its strengths to truly capitalise on its growth opportunities. Hence, the balanced portfolio contains

A) Stars whose high share and high growth assure the future B) cash cows that supply funds for their future growth C) question marks to be converted into stars with the added funds D) All of the above

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Answer: Option D

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Which of the following are hard areas in the McKinsey 7S Framework?

A) Skills B) Strategy C) Staff D) Style

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Answer & Solution

Answer: Option B

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