
MAEL 2 QUIZ 2
Authored by Alyssa Arbening
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Which stage of the strategic management process involves defining vision, mission, and objectives?
Strategy Implementation
Strategy Evaluation
Strategy Formulation
Organizational Alignment
2.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Environmental scanning includes analyzing both internal and external environments such as:
Mission, goals, and product life cycles
Strengths, weaknesses, opportunities, and threats
Customer loyalty programs and brand logos
Pricing policies and promotional activities
3.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Setting objectives based on analysis should follow which criteria?
Flexible, scalable, innovative, responsive, and rapid (FSIRR)
Specific, measurable, achievable, relevant, and time-bound (SMART)
Competitive, unique, profitable, sustainable, and measurable (CUPSM)
Realistic, fast, market-driven, efficient, and long-term (RFMEL)
4.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Developing new products, entering new markets, forming alliances, or restructuring operations are examples of:
Strategic options
Performance indicators
Organizational alignment
Customer needs analysis
5.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Selecting the strategy that best aligns with mission, vision, and goals while considering risk and potential return is known as:
Competitive positioning
Strategic selection
Organizational control
Action planning
6.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Breaking down the chosen strategy into tasks, setting timelines, and allocating resources are part of:
Action planning
Feedback and control
Environmental scanning
Cost leadership
7.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Ensuring the availability of financial, human, and technological resources refers to:
Performance measurement
Organizational alignment
Resource allocation
Differentiation strategy
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