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Strategy Formulation Quiz

Authored by Lorence Abejuela

Business

University

Used 2+ times

Strategy Formulation Quiz
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Strategy formulation primarily involves:

Implementing strategies

Monitoring results

Developing strategies based on analysis

Hiring managers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a stage of strategy formulation?

Input stage

Matching stage

Decision stage

Implementation stage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main purpose of strategy formulation is to:

Evaluate competitors

Design long-term plans for success

Prepare financial budgets

Manage human resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the input stage of formulation, which tools are most commonly used?

SPACE, IE, BCG

EFE, IFE, CPM

QSPM, SWOT, IE

Porter’s Five Forces

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The matching stage links:

Strengths with strengths

Internal and external factors

Strategies with leadership styles

Policies with procedures

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The decision stage primarily uses which tool?

SPACE Matrix

QSPM

IFE Matrix

BCG Matrix

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the correct order of the three-stage strategy formulation framework?

Matching → Decision → Input

Input → Decision → Matching

Input → Matching → Decision

Decision → Input → Matching

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