WorksheetsStrategic Management - Revision
Total questions: 20
Worksheet time: 7mins
Which of the following is not a factor under Porter's Five Forces?
Threat of New Entrants
Threat of New Lecturer
Bargaining Power of Buyers
Bargaining Power of Suppliers
Rivalry among Competitors
What is the purpose of Porter's Five Forces?
Understand the position of your company
Build relationships with customers and suppliers
Investigate the attractiveness of an industry
Evaluate the competitiveness of your company
Earn more profit
The bargaining power of supplier increases when...
There are a few suppliers
The suppliers has good proximity with your company
The suppliers are not in a good terms with your company
The suppliers offers a good variety of products
What does it mean by bargaining power of suppliers?
The suppliers can buy your products at a cheaper price
The suppliers can fix the quantity of the products your purchased
The suppliers have a say on the price of the materials they offer
The suppliers could determine the price of your products
A substitute for a Toyota is...
Train
Carpooling
Honda
All of the above
Bus
The threat to substitute products reduces when...
It is the favourite brand of your mom
There are many substitutes available
Your product is not differentiated from other products
It is expensive to switch to other brands
What does it mean by the Bargaining power of buyer?
The customers will increase their purchases when your price increases
The customers are your boss
The customers can negotiate with your salesperson
The customers can influence your price to become lower
The bargaining power of customers increases when...
There is no switching cost
Your products is very different from your competitors
The buyers purchase in a large bulk
There are only a few buyers
Which of the following industries has the least threat of new entrants?
Tesla
PlayStation
Taylor's University
Tenaga National Berhad (Electricity supply)
An industry with a high barrier to enter is said to have lower _________ in comparison to another industry that can be entered easily.
Bargaining power of suppliers
Bargaining power of customers
Threat of new entrants
Threat of substitute
Which of the following is not a threat?
Depreciation of Ringgit Malaysia
Changing consumers' preferences
High employee turnover rate
New government
In SWOT analysis, "strong relationship with supplier" belongs to...?
Strength
Weakness
Opportunity
Threat
In SWOT analysis, "data leakage" belongs to...?
Strength
Opportunity
Threat
Weakness
In SWOT analysis, "Increase in material cost" belongs to...?
Weakness
Strength
Threat
Opportunities
What is the difference between Vision and Mission?
Vision is what, mission is how
Vision is future, mission is now
Vision is bigger goal, mission is smaller goal
Vision is objective, mission is goal
Which of the following is not a component of the SPACE matrix?
Industrial Strength
Environmental Stability
Environmental Strength
Financial Strength
Competitive Advantage
A SPACE matrix is used to?
Formulate strategies based on position
To improve competitive advantages
To understand internal and external strengths
To determine company's profitability
In the SPACE matrix, which of the following strategy should NOT be recommended for a company that falls under the conservative quadrant?
Hire a celebrity for endorsement
Invest heavily in R&D to develop a new product line
Collaborate with well-known artist
Use extensive distribution channels
In the SPACE matrix, which strategy should be recommended to a company that falls into the defensive strategy?
Discontinue products that are losing money
Improve product quality by using better material
Invest heavily in marketing
Introduce new packaging
Which of the following is not a quadrant under the SPACE matrix?
Defensive
Strategic
Aggressive
Competitive
Conservative
