vu mgt603 Final Term - Quiz No.15
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: (116In the SPACE analysis, what does (+6, +3) strategy profile portray?
A strong industry with strong financial strength
A stable environment with strong financial strength
A stable environment for highly competitive firm
A strong industry operating in stable environment
Question 2: Exclusive access to high grade natural resources is an example of which of the following?
Strength
Weakness
Opportunity
Threat
Question 3: Strategy formulation stage includes all of the following EXCEPT:
Vision and mission
Strength and weakness
Opportunities and threats
Annual objectives
Question 4: Which one of the followings is TRUE about two different market segments?
They can be served with the same marketing strategy
They usually require different marketing strategies
They are always in different geographic locations
There is heterogeneity within the segment in its needs
Question 5: All of these are pitfalls an organization should avoid in strategic planning EXCEPT:
Using plans as a standard for measuring performance.
Using strategic planning to gain control over decisions and resources
Failing to involve key employees in all phases of planning
Being so formal in planning that flexibility and creativity are stifled
Question 6: Which one of the following is FALSE about the requirements for successful segmentation?
Segments are measurable and identifiable
Segments are accessible and actionable
Segments should be homogeneous
Segment is large enough to be profitable
Question 7: Which of the following statement is refered to 'Price fluctuation'?
Decrease in prices
Increase in prices
Fluctuation in the prices of a particular commodity
Fluctuation in general price level
Question 8: What is NOT a major benefit of having a diverse workforce?
Improvement of the bottom line
An increase in training costs
An increase in productivity
A decrease in complaint
Question 9: Which of the following refers to Kanban?
Manufacturing system
Production unit
Signals
Process
Question 10: What is the first step in the comprehensive strategic-management model?
Performing external audits
Developing vision and mission statements
Performing internal audits
Measuring and evaluating performance
