Strategic Management MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5

91.
In Ansoff's matrix, product development involves going in the direction of

A. present products to present markets

B. present products to new markets

C. new products to present markets

D. new products to new markets

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92.
Which of these questions is not addressed by an effective business model?

A. What do customers value today?

B. Who are our customers?

C. What does the organization produce?

D. None of the above All are essential questions for effective business models

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93.
Which of the following would you not expect to see in a vision statement?

A. Descriptions of desirable future situations

B. Motivational terminology

C. Focus on the values to which the organization is committed

D. What the organization seeks to do to reach desirable future states

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94.
What are the decisions and actions that determine long-run performance of an organization?

A. strategies

B. missions

C. goals

D. opportunities

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95.
Which of the following does Campbell (1989) suggest to be a dimension of valuable mission statements?

A. Differentiates the business from competitors

B. States the objectives of the organization

C. Meaningful and relevant to stakeholders

D. States the values of the organization

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96.
______ is the collection of managerial decisions and actions that determine the long-run performance of an organization

A. planning

B. goal-oriented management

C. strategic management

D. leadership

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97.
Which one of the following is not a form of non-price competition?

A. Branding

B. Innovation

C. Advertising

D. None All of the above increase non-price competition

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98.
Why is strategic management important?

A. It has little impact on organizational performance

B. It is involved in many of the decisions that managers make

C. Most organizations do not change

D. Organizations are composed of similar divisions and functions

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99.
Which one of the following is not an aspect of the MOST analysis

A. Mission

B. Strategies

C. Tactics

D. Organization

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100.
and are outcomes from a study of the external environment

A. Threats and Weaknesses

B. Strengths and Weaknesses

C. Weights and Measures

D. Opportunities and Threats

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Strategic Management MCQ Questions and Solutions with Explanations | Management

91. In Ansoff's matrix, product development involves going in the direction of

Answer & Solution

92. Which of these questions is not addressed by an effective business model?

Answer & Solution

93. Which of the following would you not expect to see in a vision statement?

Answer & Solution

94. What are the decisions and actions that determine long-run performance of an organization?

Answer & Solution

95. Which of the following does Campbell (1989) suggest to be a dimension of valuable mission statements?

Answer & Solution

96. ______ is the collection of managerial decisions and actions that determine the long-run performance of an organization

Answer & Solution

97. Which one of the following is not a form of non-price competition?

Answer & Solution

98. Why is strategic management important?

Answer & Solution

99. Which one of the following is not an aspect of the MOST analysis

Answer & Solution

100. ______ and ______ are outcomes from a study of the external environment

Answer & Solution

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91.
In Ansoff's matrix, product development involves going in the direction of

92.
Which of these questions is not addressed by an effective business model?

93.
Which of the following would you not expect to see in a vision statement?

94.
What are the decisions and actions that determine long-run performance of an organization?

95.
Which of the following does Campbell (1989) suggest to be a dimension of valuable mission statements?

96.
______ is the collection of managerial decisions and actions that determine the long-run performance of an organization

97.
Which one of the following is not a form of non-price competition?

98.
Why is strategic management important?

99.
Which one of the following is not an aspect of the MOST analysis

100.
and are outcomes from a study of the external environment