vu mgt603 Final Term - Quiz No.10
vu mgt603 Strategic Management Quiz
This quiz belongs to book/course code vu mgt603 Strategic Management of vu organization. We have 17 quizzes available related to the book/course Strategic Management. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: If market shares of competitors are declining whereas total industry sales are increasing, which strategy do you think may be the right one to pursue?
Divestiture
Market Penetration
Market Development
Retrenchment
Question 2: Din Mohammad, a farmer sells his crops at the local market rather than to a distribution center. This action of Din Mohammad comes under which of the following?
Backward integration
Product development
Forward integration
Horizontal integration
Question 3: Which of the following is NOT a Corporate level objective?
Achieving return on investment of at least 15%
Aiming to achieve a market share of 10%
Attaining operating profit of over Rs.10 million
Increase earnings per share by at least 10% every year
Question 4: Which of the following sets of variables is most important as a contributory to strategic management?
Market segmentation and targeting
Competition and collaboration
Product development and market development
Market segmentation and targeting
Question 5: Following are the examples of actions taken while implementing strategies EXCEPT:
Altering sales territories
Conducting the SWOT analysis (formulation)
Developing financial budgets
Establishing cost-control procedures
Question 6: Which approach for managing and resolving conflict involves playing down differences between conflicting parties while stressing on similarities and common interests?
Avoidance
Compliance
Diffusion
Confrontation
Question 7: Just in Time (JIT) system can be defined as:
Implementing strategies just before bankruptcy
Delivering materials just as they are needed
A scheduling method for meetings
A process for improving quality of products
Question 8: Backward integration is effective in all of the following situations EXCEPT:
When an organization competes in an industry that is growing rapidly
When an organization needs to acquire a needed resource quickly
When the advantage of stable prices are not important
When present suppliers have high profit margins
Question 9: Which one of the following is NOT an advantage of QSPM?
Sets of strategies can be examined simultaneously.
No limit for number of strategies to be evaluated.
Can be used by large as well as small firms.
It integrates only external factors in decision process.
Question 10: Which one of the following is the organizational structure that most of the medium-size organizations follow?
Divisional structure
Strategic business unit
Functional structure
Matrix structure
