Strategic Management Quiz

Strategic Management Quiz

University

15 Qs

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Strategic Management Quiz

Strategic Management Quiz

Assessment

Quiz

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University

Practice Problem

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Created by

Darwin Arellano

Used 21+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything that a firm does especially well compared to rival firms.

Competitive Advantage

Vision Statement

Strategy Implementation

Distinctive Competence

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These include guidelines, rules, and procedures established to support efforts to achieve stated objectives.

Internal Assessment

Policies

Objectives

External Assessment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a systematic and ethical process for gathering and analyzing information about the competitor's activities and general business trends to further a business' own goals. Select one:

Competitive Advantage

Competitive Intelligence Program

Internal Strengths

Distinctive Competence

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This requires a firm to establish annual objectives, devise policies, motivate employees, and allocate resources so that formulated strategies can be executed. Select one:

Strategy Formulation

Strategizing

Strategy Implementation

Strategy Evaluation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a plan of action or policy designed to achieve a major or overall aim.

Strategy

Policy

Plan

Tactics

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Action of Strategic Management

Strategic Management

Management

Organization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are the specific actions or steps you undertake to accomplish your strategy.

Tactics

Plan

Strategy

Policy

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