
MAEL 2
Authored by Alyssa Arbening
Business
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the first stage of the strategic management process?
Strategy Implementation
Strategy Formulation
Strategy Evaluation
Strategy Control
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following is an objective of Cost Leadership Strategy?
To offer unique products
To become the lowest-cost producer
To target a specific market segment
To create brand loyalty
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which strategy is best suited for a company that excels in innovation?
Cost Leadership Strategy
Differentiation Strategy
Focus Strategy
Diversification Strategy
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is a key factor in choosing the right strategy?
Internal Resources and Capabilities
Government policies
Random selection
Market size
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What does organizational alignment often require during strategy implementation?
Changing the mission statement
Increasing the number of employees
Reducing product lines
Reorganizing departments
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which type of strategy would a company with deep market segment understanding likely choose?
Cost Leadership Strategy
Differentiation Strategy
Focus Strategy
Diversification Strategy
7.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
In a Differentiation Strategy, what is the primary risk associated with focusing heavily on innovation?
High resource allocation
Inability to maintain cost leadership
Difficulty in sustaining competitive advantage
Over-expansion into new markets
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