Strategic Management MCQ Questions and Solutions with Explanations | Management

A. corporate strategy

B. business strategy

C. differentiation strategy

D. focus strategy

A. Relative power only

B. Relative level of interest only

C. Relative power and interest

D. Relative power, interest, and amount of stock held

A. all commercial transactions between two or more countries

B. private, but not governmental, commercial transactions between two or more countries

C. governmental, but not private, commercial transactions between two or more countries

D. only commercial transactions between two or more countries that are entered for the purpose of making a profit

A. When an organization has absolute power in its chosen marketplace

B. When an organization has power over its immediate rivals in its chosen marketplace

C. When an organization has limited power in its chosen marketplace

D. When an organization buys out another organization and assumes power of its share of the marketplace

A. Exploring future possibilities by looking at potential outcomes from particular causes and seeking to explain why things might occur

B. Considering three likely scenarios for future developments, and devising a strategy according to the likeliest outcome

C. Helping managers come to terms with the threats and opportunities within the company by devising a possible scenario to eliminate the threats and capitalize on the opportunities

D. Planning the best way to secure the scenario outcome that would benefit the company most

A. international business comprises a large and growing portion of the worlds total business

B. global events and competition affect almost all companies

C. a company operating internationally will engage in modes of business that differ from those it is accustomed to domestically

D. all of the above

A. By seeking to influence and manage their external environment

B. By seeking to influence their competitors' environment

C. By seeking to influence and manage their internal environment

D. By seeking to restrict changes within their environment

A. To maximize competitive risk

B. To acquire resources

C. To expand sales

D. To diversify sources of sales and supplies

A. High innovation

B. Concentration of distribution channels

C. Steep experience curves

D. Concentration of suppliers

A. rapid expansion of technology

B. liberalization of governmental policies on cross-border movement of trade and resources

C. development of institutions to support and facilitate international trade

D. increased cost of labor in both the lesser-developed and developing countries