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Pregunta 1
Pregunta
The purpose of diversification is _______________________
Respuesta
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to allow the company to enter lines of business that are different from current operations.
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to quit the current business and continue with the newly started business.
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to change the business location.
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to introduce substitute products in the existing market.
Pregunta 2
Pregunta
Market Penetration means ________________________
Respuesta
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market development/geographic expansion
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aggressively targeting current markets with existing product specialties
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dividing existing markets
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modify existing products, or develop new but related products
Pregunta 3
Pregunta
From the following which is the example of Conglomerate diversification type?
Respuesta
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Coke acquires Minute Maid
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Ford buys steel plant
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GE diversifies into aircraft engines, medical imaging equipment, generators, nuclear reactors, finance
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Avon’s move from Door-to-Door selling to selling its products by mail orders.
Pregunta 4
Pregunta
Economies of scope exist whenever _________________________
Respuesta
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there are cost economies from decreasing output across multiple products
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there are cost economies fromdecreasing output of a single product
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there are cost economies from increasing output of a single product and decreasing output of a multiple products
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there are cost savings from using a resource in multiple activities carried out in combination rather than independently
Pregunta 5
Pregunta
Concentric merger is defined as ________________________________
Respuesta
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A merger in which the two companies are in the same general industry, but have no mutual buyer/customer or supplier relationship.
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The merger of two companies that are in direct competition in the same industry and have similar products and markets
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The merger of a customer and company or a supplier and company
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The purchase of one company by another
Pregunta 6
Pregunta
Joint venture is defined as ____________________________
Respuesta
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Partnering a project with an existing overseas business to gain entry into a foreign market
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Contractual arrangements that gives rights to operate under another’s trademark
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Selling products or services directly to customers or indirectly through agents, distributors, or trading companies
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Establishing a company’s own facility with direct supervision. High cost and risk of overseas subsidiary
Pregunta 7
Pregunta
From the following which is a drawback of Alliances?
Respuesta
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Shared risk
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Shared knowledge & expertise
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Synergy & competitive advantage
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Distribution of earnings
Pregunta 8
Pregunta
Which of the following corporate strategy involves downsizing the company?
Respuesta
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Liquidation
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Turnaround
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Divestiture
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Amalgamation
Pregunta 9
Pregunta
Find the Operations level strategy from the following:
Respuesta
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Responsible for determining which products to provide, how they will be packaged, how they will be advertised, where they will be sold and how they will get there and etc.
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Responsible for systems processes that convert inputs into outputs.
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Responsible for working with all the other functional departments in the areas of recruiting, selecting, training, evaluating, and compensating employees.
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Research and development (R&D) is important to remaining competitive.
Pregunta 10
Pregunta
If a company decides to pursue new customers, new products & new geographic locations – Which type of integration strategy is this?
Respuesta
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Vertical Integration
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Related Integration
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Horizontal Integration
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Unrelated Integration
Pregunta 11
Pregunta
According to Mintzberg’s Five P’s of Strategy, Ploy stands for _________________
Respuesta
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A consciously intended course of action
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What worked in past can work in the future
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Specific maneuvers to outsmart opponents
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Influence of culture & collective thinking on organizational strategy
Pregunta 12
Pregunta
According to Strategic Planning Process, Which of the following is Phase 1?
Respuesta
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Formulation - Deciding best course of action to achieve organization objectives
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Development - Performing environmental scanning (SWOT)
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Implementation - Putting the strategy into action by driving it through the organization
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Evaluation - Is the strategy working & meeting organizational objectives?
Pregunta 13
Pregunta
Competitive advantage means _______________________________
Respuesta
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creating an observable difference between products, services, and the way in which a business operates, relative to competitors
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a corporate strategy to enter into a new market or industry which the business is not currently in, whilst also creating a new product for that new market.
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allowing a company to expand into new end markets as well as provide a significant benefit to customers.
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a characteristic, feature or opportunity that an organization possesses that will make it more attractive than its competitors
Pregunta 14
Pregunta
The term Mission referred as __________________________
Respuesta
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the desired long term, future state of the organization
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it clearly show why the organization exists
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the standard of behavior the organization sets for itself and its staff members
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the operating philosophies or principles that guide an organization's internal conduct as well as its relationship with its customers, partners, and shareholders.
Pregunta 15
Pregunta
Defender’s strategy in the Public sector ______________________
Respuesta
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Find opportunities for change
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Resist change
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Changes only when forced
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Scan the environment
Pregunta 16
Pregunta
Corporate Governance is referred as _____________________________
Respuesta
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a governing body to look after only the employee affairs of an organisation
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the process of how financial strategic decisions are made and controlled
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the process of how important strategic decisions are made and controlled in organizations
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a governing body to care for only the legal affairs of an organisation
Pregunta 17
Pregunta
Which of the following is an external factor of corporate governance mechanism?
Respuesta
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Corporate Market Control
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Audit Committees
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Governing Board
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Ownership Concentration
Pregunta 18
Pregunta
Find the service role of a Governing board
Respuesta
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Allocate resources for implementation
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Representing organizational interests
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Corporate control
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Formulate & disseminate corporate goals & policies
Pregunta 19
Pregunta
Recycling program is a Value creation of
Respuesta
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Production
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People
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Profit
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Planet
Pregunta 20
Pregunta
“Carbon Footprint” comes under which of the PESTLE element?
Respuesta
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Political
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Economic
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Environmental
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Social
Pregunta 21
Pregunta
“Sophistication of customers” belongs to which of the Porter’s Diamond element?
Respuesta
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Factor Conditions
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Related & Supported Industries
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Demand Conditions
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Strategy, Structure, & Rivalry
Pregunta 22
Pregunta
Which of the following is one of the vertical element of Porter’s Five forces model?
Respuesta
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competition from substitutes
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competition from entrants
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competition from established rivals
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the power of customers.
Pregunta 23
Pregunta
_________________ is a product’s performance characteristics and attributes for which customers are willing to pay.
Respuesta
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Value
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Price
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Demand
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Competitive Advantage
Pregunta 24
Pregunta
Market segments are _____________________
Respuesta
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the group of customers segmented based on age
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the group of customers segmented based on location
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the groups of customers with similar criteria for buying decisions and/or similar buying behaviors
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the group of customers segmented based on income level
Pregunta 25
Pregunta
Lifestyle and personality of customers is segmented under which of the following segmented factor?
Respuesta
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Geographic factors
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Psychological factors
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Consumption patterns
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Perceptual factors
Pregunta 26
Pregunta
One of the following is a support activity of Value chain. Find it.
Respuesta
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Inbound logistics
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Operations
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Outbound logistics
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Human Resource Management
Pregunta 27
Pregunta
Distinctive competency means ____________________
Respuesta
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Something a company does well relative to its rivals.
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Activities that an organization performs better than its other internal activities and that are most critical to competitiveness and profitability
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Activities including external activities, which is beyond their capacity
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Internal and external potential of an organisation
Pregunta 28
Pregunta
Reputation is an ____________________ resources of an organisation.
Respuesta
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Intangible
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Tangible
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Human
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Technological
Pregunta 29
Pregunta
According to VRIO framework, R means _________________________
Respuesta
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Is the firm able to exploit an opportunity or neutralize an external threat with the resource/capability?
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Is control of the resource/capability in the hands of a relative few?
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Is it difficult to imitate, and will there be significant cost disadvantage to a firm trying to obtain, develop, or duplicate the resource/capability?
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Is the firm organized, ready, and able to exploit the resource/capability?
Pregunta 30
Pregunta
According to (Hamel) Leveraging Core Competencies, Restructuring is which of the following Leveraging Capability?
Respuesta
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Being better
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Being smaller
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Being different
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Being same
Pregunta 31
Pregunta
The _______________ has its own business strategy, objectives and competitors and these are often differ from parent company.
Respuesta
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Strategic Business Unit structure
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Matrix structure
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Divisional structure
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None of given options
Pregunta 32
Pregunta
__________________ as the process through which economic and social value is extracted from knowledge through the generation, development, and implementation of ideas to produce new or improved strategies, capabilities, products, services, or processes.
Respuesta
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Discovery
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Invention
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Innovation
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Development
Pregunta 33
Pregunta
_____________ is defined as Leveraging the variance between actual reality and perceived or assumed reality, which is one among the sources of innovation.
Respuesta
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New knowledge
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The incongruity
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Industry or market structure changes
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Changes in perception, mood and meaning.
Pregunta 34
Pregunta
Establishing reliability of new processes is __________________ innovation.
Respuesta
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Product
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Process
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People
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Production
Pregunta 35
Pregunta
Superior access to information and Overreacting to new information is _____________ type of market setting.
Respuesta
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Efficient
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Production
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Consumer
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Trading
Pregunta 36
Pregunta
Low market penetration is ________________ evolutionary business cycle phase.
Respuesta
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Introduction
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Growth
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Maturity
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Decline
Pregunta 37
Pregunta
“ What is the mission and vision of the company? ” is which level of strategy ?
Respuesta
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Business Level
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Functional Level
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Network Level
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Corporate Level
Pregunta 38
Pregunta
____________ type of corporate level strategy is defined as “reduce size or diversity of operations, reduce staff, sell company assets or businesses, restructure debt”.
Respuesta
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Aggressive
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Retrenchment
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Maintenance
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Renovation
Pregunta 39
Pregunta
Marketing, Finance, Human Resources, Operations, and R&D is concerned with coordinating ________________ Strategy.
Respuesta
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Global level
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Functional level
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Corporate level
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Network Level
Pregunta 40
Pregunta
Relationships of a company with its competitors in the same industry is ___________ type of Network strategy.
Respuesta
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Upstream Vertical
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Downstream Vertical
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Indirect Horizontal
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Direct Horizontal
Pregunta 41
Pregunta
______________ Global level market entry method is defined as “Partnering a project with an existing overseas business to gain entry into a foreign market”.
Respuesta
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Exporting
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Licensing or Franchising
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Foreign Direct Investment
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Joint Venture
Pregunta 42
Pregunta
______________ is referred as Supply an identical product or service at lower cost.
Respuesta
-
Cost Advantage
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Price Advantage
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Differentiation Advantage
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Product Advantage
Pregunta 43
Pregunta
Offering unique features that fulfill the demands of a narrow market is ___________ type of Business level strategy.
Respuesta
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Differentiation - Broad range of products/services
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Differentiation - Low range of products/services
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Focus Strategy - Low Cost
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Focus Strategy – Differentiation
Pregunta 44
Pregunta
_____________ is called Cost savings attributed to decreased fixed costs per unit when production & sales increase, which is one of the Business Level Strategy and Cost Advantage.
Respuesta
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Economies of Learning
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Economies of Scale
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Process Technology & Process Design
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Cost cutting
Pregunta 45
Pregunta
From the following identify the final stage of Value chain Analysis.
Respuesta
-
Compare costs by activity
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Identify cost drivers
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Identify cost saving opportunities
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Identify linkages
Pregunta 46
Pregunta
Competition is irrelevant because the rules of the game are waiting to be set – which of the following market concept defines the above statement.
Respuesta
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Red ocean Strategy
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Blue ocean Strategy
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Green ocean Strategy
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Black ocean Strategy
Pregunta 47
Pregunta
From the following _______________ factors determines the Intangible opportunities.
Respuesta
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Desires for status, exclusivity, individuality, image and security
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Size, shape, color, weight, design,
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Material & technology
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Reliability, taste, speed, durability and safety
Pregunta 48
Pregunta
___________ is driven by a company’s opportunities for creating uniqueness in its offerings to customers.
Respuesta
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Demand differentiation
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Supply differentiation
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Value Creation
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Cost advantage
Pregunta 49
Pregunta
A partitioned market according to characteristics of customers and their demand is called ____________________.
Respuesta
-
Differentiation
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Competitive advantage
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Segmentation
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Comparative advantage
Pregunta 50
Pregunta
Which of the following is not a “Influencers of Corporate Level Strategy”?
Respuesta
-
Product Scope
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Horizontal Scope
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Vertical Scope
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Geographical Scope
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