Introduction to Strategic Management – Financial and Strategic Management MCQ

0

Introduction to Strategic Management – Financial and Strategic Management MCQ

1 / 44

In Porter’s five forces model, what is meant by the term ‘substitute?

2 / 44

What is likely to happen if many new businesses enter a market?

3 / 44

Identify which of the following forces does not form part of Porter’s Competitive Position Analysis?

4 / 44

According to Porter, which of the following is most important to achieving competitive advantage?

5 / 44

Potential rivals will not find it difficult to enter a market where: 10

6 / 44

According to Porter, suppliers are more able to exercise bargaining power over buyers when:

7 / 44

According to Porter, suppliers are more able to exercise bargaining power over buyers when:

8 / 44

Which of the following is not a force in the Porter Five Forces model?

9 / 44

If a firm takes over a competitor then, according to Porter’s 5 forces model:

10 / 44

In Porter’s five forces model, con¬ditions are more favorable for firms within an industry if:

11 / 44

Porter’s Value Chain is essentially a tool for:

12 / 44

Which of the following is not an element of Porter’s 5 Forces Model?

13 / 44

Porter’s notion of a differentiation strategy is best described as one in which firms seek a competitive advantage:

14 / 44

The business strategy focuses on:

15 / 44

Porter’s Five Forces tool is a simple but powerful tool to evaluate the power of business. Which of the following is not one of the five?

16 / 44

Which of the following is an element of the microenvironment?

17 / 44

According to Michael Porter, the essence of strategy formulation is

18 / 44

The microenvironment has an influence on the business.

19 / 44

The Porter’s Forces tool is a simple but powerful tool to evaluate the power of business.

20 / 44

The microenvironment is also known as –

21 / 44

Which of the following is a characteristic of the business environment?

22 / 44

The operational strategy focuses on issues of

23 / 44

The environment is complex. Which of the following supports this?

24 / 44

There are mainly two types of business environment –

25 / 44

What type of organizational struc¬ture do most small businesses follow?

26 / 44

Mission and Vision Statements are NOT commonly used to:

27 / 44

According to Porter, what is usually the most powerful of the five compet¬itive forces?

28 / 44

A defines the company’s business, its objectives, and its approach to reach those objectives.

29 / 44

Which of the following is the beginning stage of the strategic management process?

30 / 44

Which of these basic questions should a vision statement answer?

31 / 44

Which of the following describes the desired future position of the company?

32 / 44

Environment scanning is careful monitoring of an organization’s environment for detecting early signs of opportunities and threats that may influence its current and future plans.

33 / 44

Which of the following is the first phase of the strategic management process?

34 / 44

There are____ indispensable phases of every strategic management process.

35 / 44

Strategic management ___

36 / 44

The strategic management process is defined as the process by which the managers are able to make a choice of a set of strategies for the organization that will enable it to accomplish –

37 / 44

Out of all the alternatives generated in the earlier stage, the organization selects the best suitable alternative. This stage in the strategic management process is called as___

38 / 44

According to Chandler ‘Strategic Management’ is the determination of the basic long-term goals and objectives of an enterprise and the adoption of a course of action and allocation of___necessary to carry out this goal?.

39 / 44

Strategic management emphasizes the monitoring and evaluation of external opportunities and threats inthe light of a company’s and designing strategies for the survival and growth of the company.

40 / 44

According to Hambrick Strategic Management’ Strategic management are the formulation and implementation of the taken by a company’s top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes.

41 / 44

According to Glueck ‘Strategic Management’ is a set of decisions and actions which lead to the development of an effective strategy or strategies to help achieve___

42 / 44

According to Chandler ‘Strategic Management’ is –

43 / 44

Strategic management involves the decision-making and the activities in an organization which –

44 / 44

We may define the term ‘Strategy’ as a blueprint.

Leave a Comment

Your email address will not be published. Required fields are marked *