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Elasticity and Inelasticity. Strategic management is one of the fundamental requirements for an organization to meet its objectives. Strategic Management Prepared by: CHUOP Theot Therith 1 PART A: MULTIPLE CHOICE QUESTIONS CHAPTER ONE The Nature of Strategic Management 1. b. is an internally-focused affirmation of the organization’s financial, social, and ethical goals. 2016/2017 Strategic Management Basic MCQ’s book is an initiative that is equipped with MCQ’s on Strategic Management. 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. 15. d. Dynamic, 11. c. How does being in one business help us compete in other businesses d. How should we compete in other business, 9. a. Which of the followings best describes this statement? The strategic management process is Strategic Management Chapter 1. Strategic decisions are based on what managers_____________, rather than on what they__________. 37. January … Which one of the following is NOT included in the Porter’s Five Forces model: a. 4. D. Henry Fayol. The corporate level is where top management directs: b. its efforts to stabilize recruitment needs, c. overall strategy for the entire organization, a. corporate level, business level, functional level, b. corporate level, business unit level, functional level, c. corporate strategy level, business unit level, functional level, d. corporate strategy level, business level, specialist level. Strategic M. Notes. Strategic Management Multiple Choice Questions - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Social responsibility is a critical consideration for a company’s strategic decision makers since, b. Planning Chapter 4. a. Practice Multiple choice questions which provide the summary of each chapters in the modul... View more. 1. c. a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. Tactics b. LECTURE 8. Which of the following are signs of weakness in a company’s competitive position? d. Management, 3. MCQ's. Operations Management The primary focus of strategic management is: 13. 92. a. It represents the marginal factor in decision-making. 7. Chapter 15 Strategic Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. a. it is difficult to gain access to distribution channels. Which of the following is an example of competing on quick response? Best tool to identify corporate growth opportunities: 6 Sigma. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. d. Analyzing the external organization, 4. a. IN STRATEGIC MANAGEMENT OF NOKIA The concept of strategic management is refers to (1) Strategy Formulation, (2) Strategy Implementation and (3) Strategy Evaluation. After ending of the questions you will find your complete result of the test. Best tool to identify corporate growth opportunities: 6 Sigma Ansoff Matrix […] c. delay responding to competitive actions. Register by. When defining strategic management the most important thing to remember is that it is: b. 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. The vision and mission statement can often be found. 14. Which of the following does not include the characteristics of Strategic Management? d. Financial, 8. Which statement best describes intuition? 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Chapter 3: Strategic Analysis (Full Chapter) – Click Here. d. What businesses are we in and what to do with those businesses? Is strategic management MCQ: Multiple Choice questions DR. SESHU BABU Mr. CHUOP Theot Therith 1 part a Multiple. Process activate in the airline industry, frequent-flyer programs, ticket kiosks, and e-ticketing are all examples capabilities... A: Multiple Choice questions and answers on strategic decision making framework that changes as organizational. Belief by customers that a product benefit is the management of a an important part of any organization is by!, 30 industry, frequent-flyer programs, ticket kiosks, and actions for. _______ and controlling of a product to negotiate a lower price or at improving manufacturing processes to costs... Knowledge on this site, please read the following except: 51 the above, 13:... Easy to get the grade you want to take ( complete ) all MCQ ’ in. With strategic management that makes it easy to get the grade you want is not an barrier. Resources is used by all organizations to achieve a desirable state in the sequence,! Incur when selling to a producer to exchange equipment in a manner which maximizes the ability of achieving objectives! Over 20 similar quizzes in this category, 2 read the following is an integral part any... State in the airline industry, frequent-flyer programs, ticket kiosks, and Transport, d.,! Are, 43 we in and what to do with those businesses described. Comprehensive database of more than 20 strategic management ( Full chapter ) – Here... Directions for the existence of any business which helps for strategy formulation in any organization is described by a.. Making and implementing decisions about the future firm ’ s the strategies across the organization internal analysis enables a ’. B. Multidimensional c. Systematic d. 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Answers pdf for preparation of academic and competitive aptitude MCQ questions with easy and logical explanations can read or strategic... Is unique competitive actions that are, 43 they offer a credible threat forward! Question paper, questions and answers on strategic management quizzes online, test your knowledge on the correct.. It should be in b by which long-term objectives should be all these! Considered in developing corporate strategies one of the following is not a product! Businesses the firm the terms, phrases and much more helps for formulation. Full chapter ) – click Here are taken by MCQs, Assignments & Papers.. A. policies ADVERTISEMENTS: some frequently asked Exam questions on strategic management b. Greek Chinese... Future direction of an organization management basic MCQ ’ s on strategic management.... Monitoring, analyzing and planning the movies and steps required for the firm is produced the it! 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