1-4 Quizizz Strategy Test Review

The reason why a company exists - its purpose - is best known as which of the following?

• the company’s vision

• the company’s strategy

• the company’s success

• the company’s mission

How does the strategy business function affect each of the other five business functions?

• by providing a plan of action for each function

• it doesn’t affect the other functions

• by assisting the operations of each function

• it is the concrete purpose of the company

A route or plan of action designed to achieve certain goals and objectives is known as which of the following?

• function

• strategy

• mission

• department

Habitat for Humanity’s mission is to “bring people together to build homes, communities, and hope.” Based on their mission, what is most likely their company vision?

• building low-quality inexpensive homes

• a world where homes will always be built

• building high-cost, designer homes

• a world where everyone has a home

Which of the following best demonstrates how a company successfully uses strategy to live out its mission and vision?

• A company that’s dedicated to becoming the world’s most flown airline charges high prices for flights.

• A company that wants to make affordable home furniture knows to say no to expensive materials.

• A company that believes everyone can be an athlete only sells to professional athletes.

• A company looking to free the world of Alzheimer’s invests in research for all types of diseases.

Complete the following sentence with the best term. Mission is a company’s purpose, and strategy is the _____.

A stated, observable, and measurable end result to be achieved within a certain timeframe is known as which of the following?

• goal

• KPI

• tactic

• strategy

How does an objective differ from a goal?

• An objective usually happens within a longer timeframe than a goal.

• A goal includes a specific result where an objective has varied results.

• An objective usually happens within a shorter timeframe than a goal.

• A goal includes a clear end result where an objective does not.

A company’s game plan for reaching its target market is known as which of the following?

• operations strategy

• business strategy

• marketing strategy

• operations strategy

Which of the following best describes how strategy is tied to the business function of Operations?

• Strategy ensures all actions and tactics are aligned to company goals.

• Strategy influences decisions around capital structure and debt.

• Strategy ensures proper data is mined and analyzed.

• Strategy determines what to measure to highlight business health.