Business Strategy Quiz

What is the model that identifies and analyzes five competitive forces in an industry?

• Porter's Five Forces

• SWOT Analysis

• PESTEL Analysis

• Value Chain Analysis

What does competitive strength measure?

• Market share and brand image

• Quality and innovation

• Customer loyalty and cost structure

• All of the above

What is corporate strategy?

• A short-term plan to increase profits

• A framework to gain a competitive advantage

• A marketing strategy for new products

• A financial plan for resource allocation

Which of the following is NOT one of the main tasks in creating a corporate strategy?

• Visioning

• Objective setting

• Resource allocation

• Product development

What is resource fit analysis?

• Analyzing the financial strength of a company

• Determining the strategic fit of business units

• Evaluating the market potential of a product

• Assessing the customer satisfaction level

What is a business unit?

• A separate division within a company

• A group of customers in a specific market

• A financial statement of a company

• A marketing campaign for a new product

What is the purpose of visioning in creating a corporate strategy?

• To set objectives for the business units

• To allocate resources effectively

• To prioritize tasks and activities

• To define the long-term direction of the company

How can business units be ranked based on performance?

• By analyzing their financial statements

• By evaluating their market share

• By comparing their customer satisfaction levels

• By assessing their adherence to company policies