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WorksheetsMgt Quiz
Total questions: 15
Worksheet time: 8mins
Top level decisions or strategy developed from top level also referred as:
Business level strategy
Corporate level strategy
Functional level strategy
____________ Strategy includes the number of business activities for minimizing the cost:
Retrenchment strategy
Stability strategy
Growth strategy
Strategies and decisions taken at the middle level management are termed as:
Operational level strategy
Functional level strategy
Business level strategy
Innovate and pursue new opportunities and seek untapped market
Innovation strategy
Blue ocean strategy
Entrepreneurship process
Which one of the following companies follow blue ocean strategy
Apple
Blackberry
Samsung
Which model can be used in tasks based on innovation and creativity?
Innovation matrix
Six thinking hats model
Blue ocean model
XYZ Company is currently facing challenges due to Covid 19 situation. Which approach they should initiate now to overcome the challenges?
Functional level strategy
Crisis management
Digitization strategy
_________ is the plan devised for an outcome other than an usual plan for managing crisis situations
Risk management planning
Contingency planning
Crisis planning
Wages, salaries and other financial allowances are part of which aspect of HRM?
Payroll management
Compensation management
Employee engagement and retention management
__________ refers to the peers or parties associated with the company directly or indirectly
Shareholders
Customers
Stakeholders
These parties are having direct association with the organization
Suppliers
Competitors
Employees
Stakeholders having low level of interest and high level of power should be:
Kept satisfied
Kept informed
Manage closely
Objective of IMC plan is:
Reach or communicate with the customers
Meeting customer expectations
Initiating marketing mix strategies
This approach relates most closely to the global or transnational strategy. Selection of employees is based on competency rather than nationality.
Polycentric approach
Ethnocentric approach
Geocentric approach
Distinctive and uncommon points or points of differentiation for a particular product or service is known as:
Value proposition
Unique selling proposition
Customer satisfaction
