Strategic Management - Study Mode
[#146] Which of the following is not a part of strategic evaluation?
Correct Answer
(D) Choice of strategy
[#147] Which would be classified as a stakeholder?
Correct Answer
(D) Communities Banks Suppliers
Explanation
Solution: Communities Banks Suppliers would be classified as a stakeholder. A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses and farmers. Employees often reside within the communities they serve.
[#148] an organisation increases its sales through greater marketing efforts, and expands its workforce and production capacity to cope with the increase in demand for its product, it is following a growth strategy in which growth is achieved through:
Correct Answer
(D) Direct expansion
Explanation
Solution: Direct expansion is following .growth strategy in which growth is achieved.
[#149] According to the BCG matrixSBU comprising products in an attractive industry but representing little market share would be referred to as:
Correct Answer
(D) A question mark
Explanation
Solution: According to the BCG matrixSBU comprising products in an attractive industry but representing little market share would be referred to as a question mark.
[#150] A company offers unique products that are widely valued by customers, it is likely to follow a:
Correct Answer
(A) Differentiation strategy
Explanation
Solution: A company offers unique products that are widely valued by customers, it is likely to follow a differentiation strategy. Differentiation strategy, as the name suggests, is the strategy that aims to distinguish a product or service, from other similar products, offered by the competitors in the market.