Designing and managing Strategies MCQs
Designing and managing Strategies MCQs
Answer these 30+ Designing and managing Strategies MCQs and see how sharp is your knowledge of Designing and managing Strategies. Scroll down and let's start!
1: A company whose strategies seek to maintain existing products and services while pursuing limited innovation is called analyzer.
A. True
B. False
2: Barrier to entry is an obstacle that makes it difficult for an organization to _____ and product offerings
A. Enter a particular market
B. Replicate a competitor’s service
C. Both a and b
D. None of these
3: BCG is a framework developed by the Boston Consulting Group for evaluating business units according to growth and market share.
A. True
B. False
4: _____ is a strategy in a company that creates a new market space where there is little or no competition.
A. Blue ocean strategy
B. Defensive strategy
C. Cost focus strategy
D. Cost leadership strategy
5: Capacity is the _____ available to the company, which will enable or hinder it to achieve goals.
A. Financial resources
B. Human resources
C. Both a and b
D. None of these
6: Competitive advantage is the characteristics of an organization’s products or services that distinguish it from competitors and provide an advantage in the marketplace.
A. True
B. False
7: Competitive analysis is the process of _____ is the competition to design more effective strategies.
A. Assessing
B. Monitoring
C. Both a and b
D. None of these
8: Competitive inertia is a tendency to continue with competitive practices that were not successful in the past, even if they are less effective in the present.
A. True
B. False
9: Organizations that sell products or services compatible with other goods and services in an industry to add value to mutual customers are called?
A. Competitors
B. Complementors
C. Both a and b
D. None of these
10: Core capabilities are _____ an organization routinely does well in comparison to its competitors.
A. Activities
B. Processes
C. Actions
D. All of these
11: _____ is a strategy used by organizations to gain competitive advantage by keeping costs and prices lower than their rivals while targeting a narrow market.
A. Cost focus strategy
B. Cost leadership strategy
C. Defensive strategy
D. Differentiation focus strategy
12: _____ is a strategy used by organizations to seek competitive advantage by reducing production costs and therefore consumer prices
A. Cost focus strategy
B. Cost leadership strategy
C. Defensive strategy
D. Differentiation focus strategy
13: A company whose strategies support _____ of existing products and services is called Defender.
A. Stable growth
B. Continual improvement
C. Both a and b
D. None of these
14: _____ is a strategy that focuses on the reduction of one or more of a company’s operations with the goal of becoming a more financially stable business
A. Cost focus strategy
B. Cost leadership strategy
C. Defensive strategy
D. Differentiation focus strategy
15: Defensive strategy is also known as retrenchment strategy.
A. True
B. False
16: _____ is a strategy used by organizations to achieve competitive advantage by providing better-value products or services to a narrow target market.
A. Cost focus strategy
B. Cost leadership strategy
C. Defensive strategy
D. Differentiation focus strategy
17: _____ is a strategy used by organizations to seek competitive advantage by providing goods and services that are significantly different from the competition.
A. Differentiation strategy
B. Diversification strategy
C. Divisional strategy
D. Cost leadership strategy
18: Diversification is a risk-reduction strategy in which an organization adds new kinds of _____.
A. Goods
B. Services
C. Business units
D. All of these
19: Diversification is a risk-reduction strategy in which an organization adds new kinds of _____.
A. Goods
B. Services
C. Business units
D. All of these
20: _____ is a risk-reduction strategy in which an organization adds new kinds of goods, services, or business units.
A. Differentiation strategy
B. Diversification strategy
C. Divisional strategy
D. Cost leadership strategy
21: _____ is a strategy that determines how a business will compete in a particular industry or market.
A. Differentiation strategy
B. Diversification strategy
C. Divisional strategy
D. Cost leadership strategy
22: First mover is a company that gains competitive advantage by being the first _____.
A. To offer a new product or service
B. To use a new cost-saving technology
C. Both a and b
D. None of these
23: _____ is a strategy that determines how employees will implement and achieve a tactical plan.
A. Functional strategy
B. Growth strategy
C. Organizational strategy
D. Stability strategy
24: Growth strategy is a strategy for increasing _____ or territories.
A. Revenue
B. Profits
C. Market share
D. All of these
25: _____ is a strategy for increasing revenue, profits, market share, or territories.
A. Functional strategy
B. Growth strategy
C. Organizational strategy
D. Stability strategy
26: Market position is an honest assessment of how the company competes in its industry.
A. True
B. False
27: _____ is a corporate-level strategy that addresses the question “What business are we in?” and unites all parts of the organization.
A. Functional strategy
B. Growth strategy
C. Organizational strategy
D. Stability strategy
28: A company that uses strategies for high-risk and fast growth through product and market innovation is known as?
A. Prospector
B. Reactor
C. Mover
D. All of these
29: Prospector is a company that uses strategies for _____ through product and market innovation.
A. High-risk
B. Fast growth
C. Both a and b
D. None of these
30: A company that does not follow a consistent strategy but just responds to changes in the environment is called?
A. Prospector
B. Reactor
C. Mover
D. All of these
31: Resources are the _____ and capabilities of an organization.
A. Assets
B. People
C. Processes
D. All of these
32: _____ is a strategy in which an organization focuses on processes, products, and services that will sustain it over the long term.
A. Functional strategy
B. Growth strategy
C. Organizational strategy
D. Stability strategy
33: Stability is a strategy in which an organization focuses on _____ that will sustain it over the long term.
A. Processes
B. Products
C. Services
D. All of these
34: A method of assessing an organization’s strengths, weaknesses, opportunities, and threats is known as ?
A. Competitive analysis
B. SWOT analysis
C. Force field analysis
D. None of these
35: SWOT analysis is a method of assessing an organization’s _____ and threats.
A. Strengths
B. Weaknesses
C. Opportunities
D. All of these
36: Abbreviation of SWOT is Strengths, weakness, opportunities and threats.
A. True
B. False
37: Select the correct statement for Vertical integration method of diversification:
A. Begins producing its own supplies .
B. Takes on the distribution of its products.
C. Takes on the selling of its products.
D. All of these
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Designing and managing Strategies MCQs
