Strategic Management MCQ Questions and Solutions with Explanations | Management

A. Efficiency

B. Competitive strategies

C. Customer satisfaction

D. Effective leadership

A. stability

B. retrenchment

C. growth

D. maintenance

A. the firm is facing rapid growth opportunities

B. the industry is in a state of rapid upheaval

C. an organization is not meeting its goals

D. an organizations performance is declining

A. When the organization is providing a product to the customer that perfectly suits their requirements

B. When the parts of an organization are combined and managed in such a way that the drawbacks exceed those which would result if the parts were operating separately

C. When the parts of an organization are combined and managed in such a way that the benefits exceed those which would result if the parts were operating separately

D. When the parts of an organization are combined and managed in such a way to reduce costs

A. To create new products for a market that is both growing and declining according to geography whilst generating enough cash to advertise and launch new products

B. To create new products for a market that is both growing and declining according to geography

C. To create new products for a market that has the same tastes, whilst generating enough cash to advertise and launch new products

D. To not become adversely affected by increased competition again and adapt to changing customer tastes

A. unrelated diversification

B. horizontal integration

C. vertical integration

D. retrenchment

A. Joint ventures

B. Similarity of portfolio

C. Commercial exploitation

D. Name association

A. operational units

B. strategic business units

C. competitive advantages

D. legal subunits

A. opportunity for new entrants

B. opportunity for substitutes

C. bargaining power of suppliers

D. sustainable competitive advantage for customers

A. Organizational culture

B. Outlining of competencies

C. Future-gazing

D. Organizational behavior