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Test 1
Q1. A company with a single share of a large fast growing market
Dog
Cash cow
Star
Question mark
Q2. _is a portfolio strategy developed by Boston Consulting Group.
XYZ Matrix
BCG Matrix
DEF Matrix
ABC Matrix
Q3. Condition in the general environment if exploited effectively helps company achieve strategic competitiveness
Complementers
Strategy
Industry
Opportunity
Q4. Integrated and coordinated set of commitments and actions designed to exploit core competencies to gain competitive advantage is called
Stakeholders
Global economy
Strategy
Above average returns
Q5. Firms offering similar product operating in same market and same segment are called
Firms
Institutions
Competitors
Market
Q6. Firm that takes an initial competitive action
International
Competitive rivalary
First mover
competence
Q7. ______ is concerned with society’s attitude and culture values.
Technological segment
Sociocultural segment
Strategic group
Political segment
Q8. ____ is an assessment of the organizations strength and weaknesses in its internal environment and opportunities and strengths in the external environment.
Core capability
VALUE
SWOT Analysis
Capabilities
Q9. ________ provide the assistance necessary for the primary activities to take place.
Core capability
Competence
Experience curve
Support activity
Q10. __________ is composed of dimensions in the broader society that influences an industry and the firm within it.
General environment
Economic environment
Global segment
opportunity
Q11. __is set of actions a firm takes to produce goods perceived to be different.
Experience curve
Business level strategy
Differentiation strategy
Global segment
Q12. Assets that can be observed and quantified
Tangible resources
Intangible resources
Outsourcing
Value
Q13. Specifies the businesses in which the firm intends to compete and the customers it intends to serve
Capability
Profit pool
Mission
Vision
Q14. The central companies in a strategic group are
Distinctive competence
Core firms
Core capability
Experience curve
Q15. Exists when the firms goods or service exceed customer expectation
Market
Competition
Institutions
Quality
Q16. Set of actions taken to produce goods and service at the lowest cost
Business level strategy
Cost leadership strategy
TQM
Focus strategy
Q17. What a company can make do or perform better than its competitors
SWOT
VALUE
Distinctive competence
competence
Q18. ____ exits when the firms are able to sell above its competitive level.
Market power
Market
Market segmentation
Multimarket competition
Q19. A company with a large share of a slow growing market
Dog
Cash cow
Star
Question mark
Q20. Is measured by product performance characteristics and by its attributes for which customer are willing to pay
Capabilities
Outsourcing
Value
competence
Q21. A company with a small share of a slow growing market
Dog
Cash cow
Star
Question mark
Q22. Which of the following firm has the least resource similarity?
Fedex Vs UPS
Target Vs walmart
HO Vs Del
Small family restaurants V Pizza Hut
Q23. __is a broad strategy used to achieve strategic goals and guide the strategic alternatives.
Grand strategy
Pricing strategy
Business strategy
International strategy
Q23. Use of economies of scale lead to operational effencies
True
Not true
Not clear
Have less chances
Q25. _____ exists when the value created by business units working together exceeds the value created by same units working independently.
Stability
Diversification
Growth
Synergy
Q26. Markets in which the firms competitive advantage are moderate are called
Standard cycle markets
Fast cycle markets
Slow cycle markets
Competitive strategy
Q27. _an integrated and coordinated set of commitments and actions that firms use to gain competitive advantage by exploiting core competencies.
Business level strategy
TQM
Focus strategy
Market segmentation
Q28. Purchase of a company by another company
Diversification
Stability
Acquisition
Growth
Q29. Raymond brand producing only for men is a part of
Business level strategy
Cost leadership strategy
Competitive strategy
Focus strategy
Q30. __________is integrated set of actions taken to produce goods and services at lowest cost to that of competitors.
Business strategy
Cost leadership strategy
Competitive strategy
Differentiation strategy
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Test 2
Q1. _________ is a complex set of ideologies, symbols and core values shared throughout the firm and influences how firm conducts business refers to.
Global economy
Resources
Management process
Organizational culture
Q2. ______ is nature and direction of the economy in which a firm competes
Economic environoment
Technological segment
Demographic environoment
Physical environment
Q3. The purchase of a value creating activity from an external supplier is called
Intangible resources
Core capability
Capabilities
outsourcing
Q4. Intensified rivalry within an industry results in
Increased entry in the industry
Increased hiring by the industry
Increased total revenue by the industry
Decreased average profitability among industry
Q5. Purchase of a company by another company
Diversification
Stability
Growth
Acquisition
Q6. A company with a single share of a large fast growing market
Dog
Star
Cash cow
Question mark
Q7. ____ is an assessment of the organizations strength and weaknesses in its internal environment and opportunities and strengths in the external environment.
Core capability
VALUE
SWOT Analysis
Capabilities
Q8. The capacity for a set resources to perform a task or an activity
Capability
Profits
Vision
Mission
Q9. People located in different parts of the world using strategic management process
Political leaders
Forward people
Frequent fliers
Strategic leaders
Q10. ____ exists when the value created by business units working together exceeds the value created by same units working independently.
Synergy
Stability
Diversification
growth
Q11. _______ is a broad strategy used to achieve strategic goals and guide the strategic alternatives.
Grand strategy
Business strategy
International strategy
Pricing strategy
Q12. _____ is set of actions a firm takes to produce goods perceived to be different.
Experience curve
Business level strategy
Differentiation strategy
Global segment
Q13. A group of firms producing goods that are close substitutes is called
Demographic environoment
Global segment
Firm
Industry
Q14. Economy in which goods and services ,people skills and idea move freely
Social economy
Global economy
Big economy
Technological economy
Q15. The ongoing competitive action/response sequence between a firm and the competitor affects the performance of both firms is called
Strategic action
Tactical action
Awareness
Competitive rivalry
Q16. Raymond brand producing only for men is a part of
Business level strategy
Cost leadership strategy
Competitive strategy
Focus strategy
Q17. Competitive rivalry has the most effect on the firms ______ strategy.
Corporate level strategy
International
Business level strategy
Acquisition
Q18. ________ occurs when firms compete against each other in several products and geographical region.
Market segmentation
Multimarket competition
Competitive behavior
Corporate level strategy
Q19. _is a portfolio strategy developed by Boston Consulting Group.
XYZ Matrix
BCG Matrix
DEF Matrix
ABC Matrix
Q20. Which of the following firm has the least resource similarity?
Fedex Vs UPS
Target Vs walmart
HO Vs Del
Small family restaurants V Pizza Hut
Q21. _________ is a market based move that involves a significant commitment of organasitional resources difficult to implement and reverse.
Strategic action
Second mover
Tactical action
Late mover
Q22. _______ is continuous improvement of every process through use of data driven problem solving approaches
Demographic segment
TQM
Focus strategy
Market segmentation
Q23. Use of economies of scale lead to operational effencies
True
Not true
Not clear
Have less chances
Q24. _________ provide the assistance necessary for the primary activities to take place.
Core capability
Experience curve
Support activity
competence
Q25. A strategic or tactical action that the firm takes to counter the effects of a competitor is
Market segmentation
Competitive rivalry
A competitor response
Resource similarity
Q26. Process that cluster people with similar needs is called
Business strategy
Market segmentation
Demographic segment
Economic environoment
Q27. Investors uncertainty about the economic gains or losses that will result from a particular investment
Resources
Profit
Returns
Risk
Q28. ______ is a strategy that focuses on improving the way a company sells the same product to the same customers.
International strategy
Grand strategy
Stability strategy
Business strategy
Q29. Specifies the business or businesses in which the firm intends to compete and the customers it intends to serve
Vision
Mission
Profit pool
capability
Q30. _an integrated and coordinated set of commitments and actions that firms use to gain competitive advantage by exploiting core competencies.
Business level strategy
TQM
Focus strategy
Market segmentation
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