Strategic Management MCQ Questions and Solutions with Explanations | Management

A. Competitive advantage

B. Closure

C. Acquisition

D. Divestment

A. Strategic Intent

B. Strategic Formulation

C. Strategic Implementation

D. Strategic Control

A. Expansion Strategy

B. Retrenchment Strategy

C. Combination Strategy

D. Stability Strategy

A. implies determined actions for achieving objectives

B. is a time consuming process

C. should develop clear and rigid plans for the organization to implement

D. is most applicable in stable environments

A. Expansion Strategy

B. Retrenchment Strategy

C. Combination Strategy

D. Stability Strategy

A. Managers understanding of the organizations history, competencies, and current strategy

B. Managers understanding of current strategy and its effectiveness

C. Managers understanding of the strategic options available to the organization

D. Managers understanding the organizations strategy, its effectiveness

A. Creating superior value to customers

B. Exploitation of key success factors

C. Creating and maintaining strategic fit

D. All of the above

A. One page

B. Less than 200 words

C. One sentence of 10 to 20 words

D. There is no recommendation It can be as long as the management wants

A. Corporate

B. Functional

C. Competitive

D. Corporate and competitive

A. to increase managerial staff and to minimize economies of scale

B. to reduce tax obligations and increase managerial staff

C. to create seasonal trends in sales and to make better use of a new sales force

D. to provide improved capacity utilization and to gain new technology