Question 1

Harvest strategy is used for

Accepted Answer

A)  Dogs
B)  Question marks
C)  Cash cow
D)  both 'A' and 'B' D

Question 2

Scorecard facilitates the strategy review essential for

Accepted Answer

A)  Strategic learning
B)  Strategic plan
C)  Strategic domain
D)  Strategic model A

Question 3

Which of the following is/are stability strategies?

Accepted Answer

A)  No Change strategy
B)  Caution Strategy
C)  Profit Strategy
D)  All of these D

Question 4

Business strategy can be thought of a set of hypotheses about the relationship of

Accepted Answer

A)  Input and output
B)  Cause and effect
C)  Transformation processes
D)  Modeling and planning

Question 5

Défense strategies in which the leader stretches over new market territories using market diversification is classified as

Accepted Answer

A)  mobile defence
B)  static defence
C)  stable defence
D)  unstable defence

Question 6

The control process requires the following types of information

Accepted Answer

A)  Planned performance
B)  Variances
C)  Reasons
D)  All of the above

Question 7

A business strategy should be viewed as a set of

Accepted Answer

A)  Domain
B)  Models
C)  Hypothesis
D)  Procedures

Question 8

VMOST stands for-------

Accepted Answer

A)  Value, Money, Organisation, Sales, Target
B)  Vision, Mission, Objective, Strategy, Tactics
C)  Value, Mission, Objective, Strategy, Tactics
D)  Vision, Money, Objective, Strategy, Technology

Question 9

The overall strategy which is comprehensive in nature and provides the basis for strategic direction is known as----

Accepted Answer

A)  Corporate strategy
B)  Grand strategy
C)  General strategy
D)  All of these

Question 10

Three C's affecting today's companies are

Accepted Answer

A)  Customer, Competition, Change
B)  Cost, Competition, Change
C)  Customer, Competition, Cost
D)  Customer, Cost, Change

Question 11

Strategies such as diversification, penetration and market development are the part of

Accepted Answer

A)  extensive growth
B)  intensive growth
C)  integrative growth
D)  disintegrative growth

Question 12

In strategic learning, an element defines the articulation of the company's

Accepted Answer

A)  Review process
B)  Operational goals
C)  Shared vision
D)  Business model

Question 13

ETOP stands for .

Accepted Answer

A)  environmental threat & opportunity project
B)  environmental threat & opportunity profile
C)  environmental treaty & opportunity profile
D)  environmental threat & optimum profile

Question 14

VMOST Analysis tool is developed by:

Accepted Answer

A)  C K Prahlad
B)  Rakesh Sondhi
C)  Michael Porter
D)  R S Cooper

Question 15

Attack strategies are

Accepted Answer

A)  Frontal attack
B)  Flank attack
C)  Encirclement attack
D)  all of the above

Question 16

SCM Stands for ----------

Accepted Answer

A)  Suppler-Customer and Money
B)  Supply Chain Management
C)  Supplier and Customer Management
D)  Sales Cost Management.

Question 17

'Diversification strategy' is used to gain market share in

Accepted Answer

A)  current product in current market
B)  new products for new markets
C)  new products in new market
D)  new products in current markets

Question 18

For strategic learning, the balanced scorecard supplies

Accepted Answer

A)  Two elements
B)  Three elements
C)  Four elements
D)  Five elements

Question 19

Strategic mission:

Accepted Answer

A)  is a statement of a firm's unique purpose and scope of operations.
B)  is an internally-focused affirmation of the organization's societal and ethical goals.
C)  does not limit the firm by specifying the industry in which the firm intends to compete.
D)  is developed by a firm before the firm develops its strategic intent.

Question 20

----------- is a participative, systematic approach to planning and implementing a constant organizational improvement process.

Accepted Answer

A)  WPM
B)  TQM
C)  SCM
D)  QC

Exam 5: Strategic Management and Business Strategy