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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-9 section-1

Each section contains 100 MCQs on Strategic Management .
81
Porter's generic strategies are
Discuss
Answer & Solution
Answer: Option B
Solution:
Porter's generic strategies are cost leadership, differentiation, cost focus, focus differentiation. Porter's generic strategies describe how a company pursues competitive advantage across its chosen market scope. There are three/four generic strategies, either lower cost, differentiated, or focus.
82
Which of these is not a key stakeholder that an organization must seek to satisfy?
Discuss
Answer & Solution
Answer: Option A
Solution:
Managers is not a key stakeholder that an organization must seek to satisfy. A manager is a person who is responsible for a part of a company, i.e., they 'manage' the company.
83
Who can be considered as the main stakeholders for London Zoo?
Discuss
Answer & Solution
Answer: Option B
Solution:
Visitors can be considered as the main stakeholders for London Zoo.
84
In Porter's generic strategies model, a focus strategy involves
Discuss
Answer & Solution
Answer: Option B
Solution:
In Porter's generic strategies model, a focus strategy involves selling to a narrow customer segment. Porter's generic strategies describe how a company pursues competitive advantage across its chosen market scope. There are three/four generic strategies, either lower cost, differentiated, or focus.
85
What common, related problem do for non-profit organizations such as the British Museum and the National History Museum often face?
Discuss
Answer & Solution
Answer: Option A
Solution:
Costs associated with repairs and maintenance are common, related problem do for non-profit organizations such as the British Museum and the National History Museum often face.
86
A question for business level strategy would be
Discuss
Answer & Solution
Answer: Option C
Solution:
A question for business level strategy would be How should the business compete in its market?
87
Which of the following is not a way in which organizations can behave more ethically and socially responsibly?
Discuss
Answer & Solution
Answer: Option B
Solution:
By lowering prices to their targeted market, to stimulate demand and increasing profit by increases in productivity to meet customer demands is not a way in which organizations can behave more ethically and socially responsibly.
88
The term corporate strategy concerns strategy and strategic decisions
Discuss
Answer & Solution
Answer: Option B
Solution:
The term corporate strategy concerns strategy and strategic decisions at all levels in an organization. Corporate strategy is hierarchically the highest strategic plan of the organization, which defines the corporate overall goals and directions and the way in which will be achieved within strategic management activities. It is a long-term, clearly defined vision of the direction of a company or organization.
89
Ansoff's growth vector matrix is used for
Discuss
Answer & Solution
Answer: Option A
Solution:
Ansoff's growth vector matrix is used for analyzing the different strategic directions an organization can pursue. The Ansoff Matrix, also called the Product/Market Expansion Grid, is a tool used by firms to analyze and plan their strategies for growth.
90
Which one of these would not be a problem for an organization attempting to establish a unified vision or direction?
Discuss
Answer & Solution
Answer: Option D
Solution:
Conflicts between the product and its desired target market would not be a problem for an organization attempting to establish a unified vision or direction.