vu mgt603 Final Term - Quiz No.2
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: When an industry relies heavilyon governments contracts, which of the following is important for the firm to foresee as a part of its external audit?
Economic forces
Political forces
Technolgical forces
Competitive forces
Question 2: Which of the following are Porter's generic strategies?
Low price, differentiation, focus
Cost leadership, differentiation, focus
Price leadership, differentiation, focus
Low cost, differentiation, focus differentiation
Question 3: Identify the economic variable from the given list.
Attitudes toward business
Attitudes toward product quality
Population changes by race
Stock market trends
Question 4: Vision and mission are considered a part of?
Strategy evaluation
Strategy implication
Strategy formulation
None of the given
Question 5: Which one of the following is/are regarded as a type of mission statement?
Narrow statement
Broad statement
Narrow and broad statement
None of the given
Question 6: Which one of the following function of management includes the activities like dealer relations, customer relations, sales force management and sales promotion?
Customer analysis
Selling products/services
Product and service planning
Distribution
Question 7: Which one of the following ratio can measure a firm's ability to meet maturing short-term obligations?
Liquidity ratios
Leverage ratio
Activity ratio
Profitability ratio
Question 8: All of the following would represent possible threats to the ABC Company EXCEPT which one of the following?
Entrance of new competitors
Improved buyer or supplier relationships
New or revised regulations
Slow industry/market growth
Question 9: Which one of the following is NOT a basic mission of a competitive intelligence program?
To provide a general understanding of an industry
To provide a general understanding of a companys competitors
To identify industry executives who could be hired by the firm
None of the given options
Question 10: A planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services and translation of its findings into a plan or design of new or improved products and services is known as:
Marketing
Research and development
Production
Management information system
