Strategic Management MCQ Questions and Solutions with Explanations | Management

A. long-term financial

B. detailed and complex

C. simple and routine

D. fast but comprehensive

A. globalization

B. customization

C. Industry convergence

D. heightened competition

A. line authority

B. matrix

C. functional

D. quality circle

A. on-the-job training

B. vestibule training

C. laboratory training

D. away-from-the-job training

A. Scientific management

B. The industrial revolution

C. The division of labour

D. Therbligs

A. The fit between the organisation and its environment

B. Creating new opportunities by stretching and exploiting capabilities in new ways

C. The skills of the senior management

D. Utilising all the resources of an organisation to their full capacity

A. Resources which critically underpin competitive advantage and that others cannot obtain

B. Activities and processes needed to meet customers' minimum requirements and therefore to continue to exist

C. Key skills required for success in a particular business

D. Activities that underpin competitive advantage and are difficult for competitors to imitate or obtain

A. The nearest geographical competitor

B. The competitor who is 'best in class' wherever that may be

C. The competitor who is the best in the industry

D. The nearest principal competitor

A. Supply Costs, Experience, Product/Process Design and Economies of Scale

B. Supply Costs & Economies of Scale

C. Product/Process Design and Economies of Scale

D. Experience

A. strategy formulation, strategy implementation, and strategy execution

B. strategy formulation, strategy execution, and strategy assessment

C. strategy formulation, strategy implementation, and strategy evaluation

D. stratify assessment, strategy execution, and strategy evaluation