Strategic Management - Practice Test

[#81] Which among the following is not a generic strategy?

(A) Unity strategy

(B) Cost leadership strategy

(C) Differentiation strategy

(D) Niche strategy

Correct Answer

(B) Cost leadership strategy

[#82] Which of the following statement is true? Statement I Brand reputation, trademarks and intellectual property are tangible resources. Statement II Brand equity, processes knowledge or intellectual property are mobile resources. Statement III The resource must be rare in terms of their availability with the firms.

(A) Both I and III

(B) Both II and III

(C) Only II

(D) Only III

Correct Answer

(D) Only III

[#83] Which of the following is a major competitive force according to Porter's model?

(A) Threat of substitute

(B) Bargaining power of suppliers

(C) Bargaining power of buyers

(D) All of the above

Correct Answer

(D) All of the above

[#84] Match the items given in List I with the items of List II . List-I List-II a. Objectives 1. Reveal priorities b. Strategies 2. Retreats c. Policies 3. Potential actions d. Periodical conduct of strategic management meeting 4. Mainly address repetitive/recurring situations

(A) a-1, b-3, c-4, d-2

(B) a-3, b-2, c-1, d-4

(C) a-4, b-1, c-3, d-2

(D) a-2, b-4, c-1, d-3

Correct Answer

(A) a-1, b-3, c-4, d-2

[#85] Which of the following is correct for environmental scanning?

(A) It involves studying, collecting and analysing the information from the business environment

(B) The internal and external environments are thoroughly studied in order to contemplate the information related to competitors, customers and consumers

(C) It helps to understand strengths and weaknesses

(D) All are correct

Correct Answer

(D) All are correct

Strategic Management - Study Mode

[#81] Which among the following is not a generic strategy?

Correct Answer

Correct Answer

[#83] Which of the following is a major competitive force according to Porter's model?

Correct Answer

[#84] Match the items given in List I with the items of List II . List-I List-II a. Objectives 1. Reveal priorities b. Strategies 2. Retreats c. Policies 3. Potential actions d. Periodical conduct of strategic management meeting 4. Mainly address repetitive/recurring situations

Correct Answer

[#85] Which of the following is correct for environmental scanning?

Correct Answer