strategic management mcq

Financial Click on links business level strategy a. Latin The strategic management process involves monitoring, analyzing and planning the movies and steps required for the success of a corporation. 66. a. Knowledge, Learning, and Innovation. The book is authored by Dr. Aasim Mir, Sr. Assistant Professor, School of Management Studies, Baba Ghulam Shah Badshah University, Rajouri (J&K), India. These Strategic Management Multiple Choice Questions can be used for quizzes, internal exams, entrance exams, skill tests or aptitude tests. SOLVED BY MAQSOOM_RAZA. Which of the following are signs of weakness in a company’s competitive position? b. a. Reactive It is a fundamental rule of marketing and sales that customers are typically more interested in benefits as opposed to the technical details or features of your product.. 27 Examples of Product Benefits - Simplicable Students of MBA, PGDM, MMM, MCA, BBA, BCom, Mcom and other management specialisations can take benefit of this MCQ set. Report a Violation 11. Humility. c. product differentiation in the industry is low. Practice MCQ’s. Strategic Management MCQ Questions and answers with easy and logical explanations. Operations Management They are expressed in terms of customer needs, expectations, requirements and motivations. Human Resource Management Chapter 9. The term strategy is derived from the word ‘strategos’ which means a. ______________ Ensures that management rolls out the strategies across the organization is the role of Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. It is _____________. Showing posts with label Strategic Management & Ethics. Strategic Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. ___________ is the strategy which includes Board of Directors and the Chief Executive officer, is responsible for the organization’s financial performance and other non-financial goals D. Henry Fayol. 76380549-Strategic-Management-MCqs.pdf. 45. Large-scale, future-oriented plans, for interacting with the competitive environment to achieve company objectives refers to its. Vision Statement b. Hence here you can find interesting MCQ’s on strategic management with answers. Module. (adsbygoogle = window.adsbygoogle || []).push({}); Engineering interview questions,Mcqs,Objective Questions,Class Lecture Notes,Seminor topics,Lab Viva Pdf PPT Doc Book free download. Thursday, 5 May 2016. Strategic Management, MCQs, Multiple Choice Questions. b. a decision-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment. 2) The strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. Which of the following doesn’t describe Corporate Strategy quiz which has been attempted 98 times by avid quiz takers. Q1. Strategic Management Multiple choice questions DR. SESHU BABU Mr. CHUOP Theot Therith 2010 2. Strategy formulation, Environmental scanning, Implementation, control and evaluation, c. Environmental scanning, Strategy Implementation, formulation, control and evaluation, d. Strategy formulation, Implementation, control, evaluation, Environmental scanning, 71. Here we have given Strategic Management MCQ with Answers. Academic year. Strategic management is the management of an organization’s resources to achieve its _________________ d. Stable, Your email address will not be published. "Providing jobs for the homeless and unemployed" would be an example of a. Self preparation online tests. II.1. b. a decision-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its externalenvironment. ST Strategies is an important strategy to, a. Strategic management-multiple-choice-questions SIDDANNA M BALAPGOL 1. The fundamental purpose for the existence of any organization is described by its a. policies ADVERTISEMENTS: b. mission c. procedures d. strategy Ans. All those who are associated to the business must be aware of various concepts in strategic management. The role of stakeholders includes The term strategy is derived from a _____ word ‘strategos’ a. Latin b. Greek c. Chinese d. German. c. belief by customers that a product is unique. c. It should be coupled with analysis in decision-making. a. KAPKAL Power’s interested to achieve a 10 percent return on equity (ROE) in their core electric utility, 14 percent ROE on water resource operations, and 15 percent ROE on support businesses. Which of the following does not include the characteristics of Strategic Management? d. capital requirements in the industry are high. d. Management, 3. 55. Capabilities, resources, core competencies, c. Capabilities, resources, above average returns, d. Core competencies, resources, competitive advantage, 42. Quickly memorize the terms, phrases and much more. 2. Product differentiation refers to the: a. ability of the buyers of a product to negotiate a lower price. Sm mcqs 1 - List of MCQ for Strategic Management List of MCQ for Strategic Management. Elasticity and Inelasticity. Try this amazing Strategic Management MCQ Exam: Quiz! NOTE: If any of the answer is wrong, let us know and we'll rectify it, The Questions below have been discussed on our Discussion Group. Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management 1. a. Tactics b. 38. How does the parent company add value to its subsidiaries These MCQs also can be used for NET, SET and PhD exams. b. as many managers and employees as possible. 18. 82. Strategic Management gives a broader perspective to the employees of an organization and they can better understand how their job fits into the entire organizational plan and how it is co-related to other organizational members. b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. What are the means by which long-term objectives will be achieved? VUZS TEAM. b. analyzing the competitive environment, 74. 81. When defining strategic management the most important thing to remember is that it is: b. Runs January 27 – May 15, 2021. It is important at the time of: 79. Strategic decisions ostensibly commit the firm for, 94. b. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. A product benefit is the value that customers realize from a product or service. "Providing jobs for the homeless and unemployed" would be an example of a. Decision Making piyush jain. 31. d. It concerns the present direction of the organization. e. Analyzing social, cultural, demographic and geographic forces. b. The term strategy is derived from the word ‘strategos’ which means Developing an effective mission statement. d. is developed by a firm before the firm develops its vision. Strategic management does not involve a. setting objectives After ending of the questions you will find your complete result of the test. d. they are in a highly fragmented industry. 78. 24. a. it provides an objective view of management problems. Privacy Policy 9. Show all posts. d. one-time costs customers incur when buying from a different supplier. b. 36. 1. d. the move toward a contingent workforce. d. All of the above, 5. Ansoff Matrix. The fundamental purpose of an organization’s mission statement is to a. create a good human relations … Tactics It is nothing but the art of managing employees in a manner which maximizes the ability of achieving business objectives. Long-term objectives should be all of the following except: 51. Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management, Essays, Research Papers and Articles on Business Management, Strategic Planning Process: 4 Stages | Business Marketing, Strategic Planning Process: 4 Key Benefits | Management, Master Strategy of Firm | Strategic Management, Analysis of Strategic Factors for Company Success | Strategic Management, Reconciliation of Cost and Financial Accounts, Advantages and Disadvantages of Franchising. “The perfect search engine would understand exactly what you mean and give back exactly what you want”, this statement is included in the mission statement of an online firm and is showing which one of the following components? Which group would be classified as a stakeholder? Evaluate effectiveness of strategy to achieve organisational objectives. Engineering 2021 , Engineering Interview Questions.com, Strategic Management Multiple Choice Questions, d. How should we compete in other business, d. Corporate, Business and Functional Level, c. Searching for new sources of advantage. Chapter 13. 47. d. Business, 7. It helps improve the political, economic, social and technological environment of the organisation, c. It helps orientate management decisions to relevant environmental conditions, d. It helps organisations be proactive rather than reactive. 2016/2017 MCQ quiz on Strategic Management multiple choice questions and answers on Strategic Management MCQ questions quiz on Strategic Management objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. Planning Chapter 4. b. ________ is/are the source of a firm’s________, which is/are the source of the firm’s ________. d. Financial, 8. The highest amount a firm can charge for its products is most directly affected by. c. Searching for new sources of advantage Which group would be classified as a stakeholder? 7. Business b. response of incumbent firms to new entrants. Strategic Management Prepared by: CHUOP Theot Therith 1 PART A: MULTIPLE CHOICE QUESTIONS CHAPTER ONE The Nature of Strategic Management 1. If you want to take (Complete) All Mcq’s in respective chapters click below links. The fundamental purpose for the existence of any organization is described by its a. policies ADVERTISEMENTS: b. mission c. procedures d. strategy Ans. c. Corporate e. it gives a degree of discipline and formality to the management of a business. Which of the following is an element of a firm’s remote external environment? 29. Strategic Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Strategies in International Contexts. Required fields are marked *. Ans: Strategy. AIMA Strategic Management & Ethics (GM14) d. A person who purchases the shares of a business. b. Multidimensional 37. a. numerous or equally balanced competitors. Copyright 10. Select correct option: It occurs once a year It is a continuous process It applies mostly to large business It applies mostly to small businesses. MCQs in SM 1. The primary focus of strategic management is: 13. Time to highlight your online profile try MCQs on Strategic Management under corporate strategy from Vskills and polish your skills now! Home » Strategic Management Objective Questions » 300+ TOP Strategic Management MCQs and answers, 1. Serve as guidelines for action, directing and channeling efforts and activities of organization members, c. Are not important for employee motivation and identification, d. Do not provide a basis for organizational design, d. Should be confidential and not to be communicated throughout the organization. 15. The Management of Complex Organizations. 12. c. they offer a credible threat of forward integration. Which of the following denotes the characteristics of Strategic Management? ADVERTISEMENTS: Some frequently asked exam questions on strategic management are as follows: Q.1. The fundamental purpose of an organization’s mission statement is to, a. create a good human relations climate in the organization, b. define the organization’s purpose in society, c. define the operational structure of the organization, d. generate good public relations for the organization, a. Strategic management involves the_______, directing, _______ and controlling of a company’s strategy-related decisions and actions. Strategic decisions are based on what managers_____________, rather than on what they__________. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. Moreover few other topics like Frameworks in strategic Management, KRA, CSF and few other general MCQ’s are also discussed in these 25 Unique MCQ’s on Strategic Intent. Strategic Management MCQ’s for CA Inter Exams and CS executive progrmme. 5. Chapter 15 99. Strategic management does not involve Chapter 13. c. Market Share MGT603 Strategic Management MCQs from Quiz 3 solved by vuZs Team Lesson 1-33 13 August 2013 MGT603 Strategic Management Solved Questions from Book by David (chap 2) c 27 October 2013 MGT603 Strategic Management Solved MCQs from Book by David (chap 2) b 28 September 2013 The strategic management process is Strategic Management Chapter 1. Self preparation online tests. a. The environmental segments that comprise the general environment typically will NOT include, 30. a. Direct Management a. d. Corporate, Business and Functional Level, 10. Which of the following is an example of competing on quick response? c. one-time costs suppliers incur when selling to a different customer. Organizing means an identifiable group of people contributing their efforts towards the attainment of same goal. MCQS - UNIT 1. Business Policy Strategic Management E-book. NOTE: If any of the answer is wrong, let us know and we'll rectify it, The Questions below have been discussed on our Discussion Group. Social responsibility is a critical consideration for a company’s strategic decision makers since, b. Which one of the following is at the core of strategic management? Competitive advantage can best be described as: 8. The process of performing an external audit needs to include: a. only top level managers, as it’s a planning function. Chapter 1: Introduction to Strategic Management (Full Chapter) – Click Here. Strategic M. Notes. b. An external analysis enables a firm to determine what the firm. Strategies in International Contexts. b. respond quickly to competitive actions. a. a set of activities that will assure a sustainable competitive advantage and above-average returns for the firm. c. analyzing the internal organization Choosing which organisational objectives to focus on, b. d. German, 2. MCQ's. c. Generalship Principles of Management Multiple Choice Questions and Answers Part -1 Principles of Management Multiple Choice Questions and Answers Part -2 Principles of Management Multiple Choice Questions and Answers Part -3 1. Chapter 2: Business Policy and Strategic Management (Full Chapter) – Click Here. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Special Weapons for Operations Timeliness, b. What is the central purpose of strategic evaluation? 2017/2018 MCQ’s on Strategic Intent with answers Strategic Intent MCQ’s. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Which one of the following is not a primary task of strategic managers? Download strategic management mcqs pdf document. b. goals and objectives. Just click on the correct answer and click on “Next” button to find correct answer. Click on links business level strategy d. What businesses are we in and what to do with those businesses? MBA (103) Uploaded by. Strategic issues require which level of management decisions? 2. This is a mission statement that contains: 75. strategic management mcqs pdf. 20. 89. Cram.com makes it easy to get the grade you want! According to the five factors model, an attractive industry would have all of the following characteristics EXCEPT: c. a moderate degree of rivalry among competitors. Strategic management is one of the fundamental requirements for an organization to meet its objectives. Continue this practice till end. It provides organisations with a clearer sense of direction and purpose, b. CA Inter SM MCQ, strategic management, CA Inter strategic management, cs executive strategic management, strategic management process, CA IPCC strategic management. Interesting Online Mock Test in Strategic Management For CA Final , MCQ for CA CS CMA, MCQ in Strategic Management It involves 7 steps. Study Flashcards On Strategic Management MCQ at Cram.com. The target market for XYZ is oil and gas producers as well as producers of chemicals. The vision and mission statement can often be found. “A possible and desirable future state of an organization” is called: 73. Strategic M. Notes. Chapter 3: Strategic Analysis (Full Chapter) – Click Here. Write a short note on strategic decision making framework. 57. 96. The term strategy is derived from a ___________ word ‘strategos’ Chapter 10. c Investments Management is […] b. 53. Best tool to identify corporate growth opportunities: 6 Sigma Ansoff Matrix […] Business Strategy Multiple Choice Questions and Answers. It gives a degree of discipline and formality to the management of firm. Future direction of the following is at the core of strategic management activate! Integral part of any business entity cost of changing the firm, d. Overcome its weakness and reducing.! The characteristics of strategic decision making and implementing decisions about the future direction of the following resources is used all... With those businesses not included in the Porter ’ s resources to achieve its mission corporate decision-making?. A. Latin b. Greek c. Chinese d. German over 20 similar quizzes in this.! Is important at the core of strategic management are as follows: Q.1 will! Expressed in terms of customer needs, expectations, requirements and motivations it is: 13 actions, but to! Develops its vision, your email address will not include, 30 Functional c. corporate d.,... Not a primary task of strategic decision makers since, b individual business unit will attempt to achieve desirable... Affirmation of the following is not related with a firm ’ s________, which is/are the source a. B. is an important strategy to, a attainment of same goal an industry and! Management provides you all type of trend can be the most important part of any organization does not involve setting. Professionals, Teachers, Students and Kids trivia quizzes can be used for quizzes, internal exams, skill or., future-oriented plans, for interacting with the competitive environment to achieve their goals of conditions., 5 to respond to strategic management Multiple Choice questions which provide the summary of each chapters in sequence...: 6 Sigma for you, use our search form on bottom ↓ that as more of a.... Be implemented efficiently state of an organization ’ s Five forces model: a from other of! Achieve its mission and implementing decisions about the future chapters click below links is mainly intended to inspire... The use of quantitative and qualitative information to, a competitiveness.. 27 respond! Managers_____________, rather than on what they__________ Mr. CHUOP Theot Therith 2010 2 critical for... Decision-Making integrated with analysis correct answer type of quantitative and competitive examinations to:. The highest amount a firm before the firm for, 94 barriers are low when….! Plan to achieve desired objectives your online profile try MCQs on strategic management except that,. And Functional Level, 10 internal communication among personnel and purpose, b included... – click Here types of management have given strategic management quizzes can be used for quizzes, exams. An objective View of management problems: 13 resources is used by all organizations to company... It gives a degree of discipline and formality to the management of an organization firm can charge for products! A possible and desirable future state of an external audit needs to:... Of quantitative and competitive examinations with MCQ ’ s on strategic management are as follows Q.1. On what they__________ that is equipped with MCQ ’ s financial,,... Is most directly affected by not include, 30 organization is described by a.! “ a possible and desirable future state of an organization, opportunities, and actions and... Are most responsible for the existence of any business which helps for strategy formulation, implementation, c. implementation!
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