Strategic Management - Study Mode

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[#366] Consider the following statements and identify the correct answer of true statements. 1. When an organisation's survival is threatened and it is not competing effectively, retrenchment strategies are often needed. 2. Turn around strategy is used when an organisation is performing well but has not yet reached a critical stage. 3. Divestment strategy involves selling the business or setting it up as a separate corporation. 4. Liquidation strategy involves closure of business which is no longer profitable.

(A) 1, 2 and 3 are correct

(B) 2, 3 and 4 are correct

(C) 1, 3 and 4 are correct

(D) Both 1 and 4 are correct

Correct Answer

(C) 1, 3 and 4 are correct

[#367] Organisation needs to think extremely hard about investing funds in business in . . . . . . . .

(A) Question mark

(B) Star

(C) Dog

(D) Caeh Cow

Correct Answer

(A) Question mark

[#368] Which of the following step involves translation or the practical application of chosen strategy into actions in order to achieve the objective and goals of organisation?

(A) Environmental Scanning

(B) Strategy Formulation

(C) Strategy Evaluation

(D) Strategy Implementation

Correct Answer

(D) Strategy Implementation

[#369] Which of the following determines Competitive strength?

(A) Total market share

(B) Customer loyalty

(C) Management strength

(D) All of these

Correct Answer

(D) All of these

[#370] Who among the following gave value chain analysis?

(A) Sigmund Feud

(B) Michael Porter

(C) Philip Kottler

(D) Brian Adams

Correct Answer

(B) Michael Porter