[ vuZs.net ] Re: Quiz#5 of MGT603

To me right answer will be Strategy Formulation

Ref: Strategy formulation includes developing:-

• Vision and Mission (The target of the business)
• Strength and weakness (Strong points of business and also weaknesses)
• Opportunities and threats (These are related with external environment for the business)

Rehman industries is analyzing the technological forces for the firm which may provide it opportunities and threats for which of the following stage/s of strategic management process? 

Select correct option: 

 

 Strategy formulation

 Strategy implementation

 Strategy evaluation

 All of the given options 

Regards

Zubair Hussain

www.vuzs.net

On Fri, Jan 27, 2012 at 5:06 PM, Naveed Iqbal Khan <jadutuna@gmail.com> wrote:

Dear All,

 

FYI

 

 

Question # 1 of 20 ( Start time: 05:21:42 PM )  Total Marks: 1 

Which one of the following includes questions like, what is our business? And what are the values and preferences of an organization? 

Select correct option: 

 

 Priority Statement

 Mission Statement

 Motivation Statement

 Problem Statement

 

Question # 2 of 20 ( Start time: 05:23:08 PM )  Total Marks: 1 

What should be avoided by a manager among the following? 

Select correct option: 

 

 Managing by Objectives

 Following the Vision

 Reinstating the Mission statement

 Managing by Subjective

 

Question # 3 of 20 ( Start time: 05:24:30 PM )  Total Marks: 1 

While evaluating a strategy, Corrective actions are almost always needed EXCEPT: 

Select correct option: 

 

 When external and internal factors have not significantly changed 

 When the firm is not progressing satisfactorily toward objectives

 When the firm has not achieved the stated organizational goals

 When there are differences between desired results and achieved results

 

Question # 4 of 20 ( Start time: 05:25:57 PM )  Total Marks: 1 

Buyer switching costs is an important factor for which of the following forces? 

Select correct option: 

 

 The intensity of competitive rivalry 

 The bargaining power of suppliers

 The threat of new entrants

 The threat of substitute products 

 

Question # 5 of 20 ( Start time: 05:27:02 PM )  Total Marks: 1 

Which of the following are the two internal dimensions represented on the axes of the SPACE Matrix? 

Select correct option: 

 

 Environmental stability and industrial strength

 Industrial  strength and competitive advantage

 Competitive advantage and financial strength

 Financial strength and environmental stability

 

Question # 6 of 20 ( Start time: 05:28:25 PM )  Total Marks: 1 

Rehman industries is analyzing the technological forces for the firm which may provide it opportunities and threats for which of the following stage/s of strategic management process? 

Select correct option: 

 

 Strategy formulation

 Strategy implementation

 Strategy evaluation

 All of the given options 

 

Question # 7 of 20 ( Start time: 05:29:44 PM )  Total Marks: 1 

Which of the following is NOT included in the strategic management model? 

Select correct option: 

 

 Measure and evaluate performance.

 Perform internal research to identify customers.

 Establish long-term objectives.

 Develop mission and vision statements. 

 

Question # 8 of 20 ( Start time: 05:30:29 PM )  Total Marks: 1 

What are historical narratives describing the unique accomplishments of a group and its leaders, usually in heroic terms? 

Select correct option: 

 

 Rites

 Sagas

 Stories

 Myths

 

Question # 9 of 20 ( Start time: 05:31:13 PM )  Total Marks: 1 

Which of the following is the highest possible weighted score for the organization in IFE matrix? 

Select correct option: 

 

 1.0

 1.5

 2.5

 4.0

 

Question # 10 of 20 ( Start time: 05:32:01 PM )  Total Marks: 1 

In marketing, who is the central focus of most of the activities? 

Select correct option: 

 

 Director

 Supplier

 Customer

 Marketer

 

Question # 11 of 20 ( Start time: 05:33:12 PM )  Total Marks: 1 

Backward integration is effective in all of the following situations EXCEPT: 

Select correct option: 

 

 When an organization competes in an industry that is growing rapidly

 When an organization needs to acquire a needed resource quickly

 When the advantage of stable prices are not important

 When present suppliers have high profit margins 

 

Question # 12 of 20 ( Start time: 05:34:02 PM )  Total Marks: 1 

Which one of the following is NOT a Demographic Factor? 

Select correct option: 

 

 Ethnicity

 Gender

 Technology

 Age

 

Question # 13 of 20 ( Start time: 05:35:29 PM )  Total Marks: 1 

Hispanic are the people who speak which language ? 

Select correct option: 

 

 Turkish

 Spanish

 French

 Italian

 

Question # 14 of 20 ( Start time: 05:36:44 PM )  Total Marks: 1 

The mission statement answers which of the following question? 

Select correct option: 

 

 What is our business?

 How can we improve ourselves?

 What do we want to become?

 Who are our stakeholders?

 

 

Question # 15 of 20 ( Start time: 05:37:28 PM )  Total Marks: 1 

Which management function includes breaking tasks into jobs, combining jobs to form departments and delegating authority? 

Select correct option: 

 

 Motivating

 Staffing

 Organizing

 Planning

 

Question # 16 of 20 ( Start time: 05:38:51 PM )  Total Marks: 1 

Which of the following can be the weakness of an organization? 

Select correct option: 

 

 Price war

 Poor location of business

 Increased trade barriers

 Innovative substitute product

 

Question # 17 of 20 ( Start time: 05:39:57 PM )  Total Marks: 1 

The purpose of an external audit is to prepare a list of which of the following? 

Select correct option: 

 

 Opportunities and weaknesses

 Threats and strengths

 Opportunities and threats

 Strengths and weaknesses 

 

Question # 18 of 20 ( Start time: 05:40:37 PM )  Total Marks: 1 

Defensive strategies include all of the following EXCEPT: 

Select correct option: 

 

 Retrenchment

 Acquisition

 Divestiture

 Liquidation

 

Question # 19 of 20 ( Start time: 05:41:11 PM )  Total Marks: 1 

Which of the following is NOT one of the bases frequently used for constructing a product positioning strategy? 

Select correct option: 

 

 Positioning on specific product features

 Positioning by products

 Positioning on specific use categories

 Positioning by cultural symbols

 

Question # 20 of 20 ( Start time: 05:42:43 PM )  Total Marks: 1 

All of the specified approaches could be used to determine R&D budget allocation EXCEPT: 

Select correct option: 

 

 Financing as many projects as possible

 Using percentage-of-sales method

 Budgeting irrelative to competitors

 Deciding how many successful new products are needed 

 

--

Naveed Iqbal Khan

Final Semester - MBA Management

Jeddah - KSA

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