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WorksheetsStrategic Management
Total questions: 15
Worksheet time: 9mins
Which of the following is NOT a basic function of management?
Organizing
Planning
Controlling
Marketing
Which element is NOT part of the marketing mix (Four P’s)?
Price
Product
Process
Place
Which of the following is an internal factor in strategic management?
Economic Trends
Employee Morale
Political Regulations
Customer Demographics
Which of the following is an example of environmental sustainability?
Giving bonuses to employees
Reducing packaging waste and using recyclable materials
Launching a new product line every month
Investing in TV commercials
Which of the following is NOT a type of organizational structure?
Functional
Divisional
Circular
Matrix
What is the main purpose of an organizational structure?
To make job roles clear and improve decision-making
To create more management positions
To complicate work processes
To increase office politics
Which of the following represents a strategy implementation activity?
Conducting SWOT Analysis
Monitoring competitor’s actions
Motivating employees
Defining vision statements
Competitive advantage is always permanent in strategic management.
True
Competitive Advantage
always
permanent
A process of comparing an organization’s performance with that of competitor to improve business processes.
Competitive Advantage
Benchmarking
External Assesment
SWOT Analysis
A mission statement defines what a business wants to achieve in the future.
True
business wants
achieve
future
A company recently launched a new product, but sales are lower than expected. What is the first step in diagnosing the issue?
Increase production and distribution to flood the market, assuming exposure will lead to higher sales
Conduct a marketing research study to understand customer feedback, product reception, and competitor analysis
Immediately discontinue the product to avoid further financial losses and reallocate resources elsewhere
Assume the product will eventually gain traction and wait before making adjustments
Your organization’s vision statement needs revision. What should the new statement emphasize?
Current operational efficiency
Long-term aspirations and core values
Detailed marketing tactics
Employee benefits and perks
Customer feedback indicates dissatisfaction with product delivery times. What would be the best strategic action?
Expand product lines to compensate for delays in current deliveries
Focus marketing campaigns on other strengths of your brand
Invest in supply chain efficiency to improve delivery times
Partner with third-party logistics providers for temporary relief
A company discovers one of its suppliers is using child labor. What is the most ethical action for the company to take?
Ignore it since it’s not their direct responsibility
Immediately terminate the contract without investigation
Investigate and work with the supplier to stop unethical practices
Keep the supplier but lower the payment as a penalty
An accountant in Batangas finds out their boss is stealing company funds. This ethical situation is called:
Bribery
CSR
Whistleblowing
Greenwashing
