Strategic Management Quiz 01

Strategic Management Quiz 01

University

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25 Qs

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Strategic Management Quiz 01

Strategic Management Quiz 01

Assessment

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Dr. Pendse

Used 15+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is strategic management?

The process of planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives
The process of hiring and firing employees
The process of creating a company's budget
The process of designing a company's logo

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is strategic management important for organizations?

It helps organizations set clear objectives and goals
It helps organizations to save money
It helps organizations to avoid legal issues
It helps organizations to hire the right people

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following is NOT a level of strategy?

Corporate strategy

Business strategy

Tactical strategy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does PESTEL analysis stand for?

Profit, Efficiency, Stability, Technology, Economic, Legal

Political, Economic, Sociocultural, Technological, Environmental, Legal

Planning, Execution, Sustainability, Tracking, Evaluation, Learning

Price, Expansion, Sales, Trends, Efficiency, Labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which external analysis tool assesses an organization's microenvironment?

SWOT Analysis
PESTLE Analysis
Porter's Five Forces Analysis
Microenvironment Analysis Tool

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of selecting an organization's goals and strategies to achieve them is called:

Marketing
Sales

Strategic formulation

Accounting

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the earliest focus of strategic management?

Maximizing profits
Increasing market share
Improving product quality

Military applications

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