Search Header Logo

SM401 PRELIM EXAM

Authored by RAYMOND ABESAMIS

Financial Education

University

Used 1+ times

SM401 PRELIM EXAM
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Superior value creation normally accomplishes with one of the following:

Profitability

Increase in market share

Elimination of all possible competitors

Creating value while controlling, containing cost to create it

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Strategic decision-making is important to the following except:

Firm’s customer

Firm’s Chief Operating Officer

Firm’s Division Manager

Firm’s Board of Director

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Co-opetition happens when:

Competitors cooperate with one another to achieve strategic objective

Players in the industry severely compete with one another

Competitors in the industry try to eliminate each other

Competitors block entry of new players in the market

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Among the significant benefits of applying strategy are the following except:

Strategy provides impetus for commercial success

Strategy highlights where the business is profitable and why

Strategy shows managers where business skills need to be added or strengthened

Strategy limits the manager’s understanding of their customers and competitors

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

An objective should meet the following criteria, except:

It is measurable

It is definitely achievable

It is specific and relevant

It is time-consuming

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

In choosing the right strategic approach, the business manager may do the following except:

Gathering the right information

Developing market awareness

Seeking additional funds to ensure success of the profit

Deciding what action needs to be taken

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

In developing market awareness, the business manager should obtain the following information about the competitors except:

Brand reputation and recognition

Customer’s perceptions

Product portfolio

Return on invested capital

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?