WorksheetsMINA
Total questions: 27
Worksheet time: 1hrs 21mins
Name
Class
Date
1.
What is a business strategy?
a)
A short-term sales target
b)
A long-term plan to achieve objectives
c)
A daily operational checklist
d)
A government regulation
2.
Strategic management involves:
a)
Only financial planning
b)
Analysis, decisions, and actions for competitive advantage
c)
Employee recruitment
d)
Product packaging design
3.
The first step in strategic management is:
a)
Implementation
b)
Analysis of the current position
c)
Hiring new staff
d)
Setting prices
4.
Corporate strategy primarily answers:
a)
How to reduce employee wages
b)
Whether to grow domestically or internationally
c)
Daily sales targets
d)
Packaging design choices
5.
Functional strategy applies to:
a)
Only marketing
b)
Finance, Marketing, and Production
c)
Government policies
d)
Competitor analysis
6.
A Red Ocean Strategy involves:
a)
Creating new markets
b)
Competing in existing markets
c)
Avoiding all competition
d)
Ignoring customer demand
7.
A Blue Ocean Strategy aims to:
a)
Beat competitors on price
b)
Make competition irrelevant
c)
Copy rival products
d)
Focus only on cost-cutting
8.
Which strategy focuses on existing demand?
a)
Blue Ocean
b)
Red Ocean
c)
Diversification
d)
Market penetration
9.
SWOT stands for:
a)
Sales, Workforce, Operations, Technology
b)
Strengths, Weaknesses, Opportunities, Threats
c)
Strategy, Workflow, Objectives, Tactics
d)
Suppliers, Workers, Output, Trends
10.
A weakness in SWOT is:
a)
A new market opportunity
b)
High employee turnover
c)
A competitor’s price cut
d)
Economic growth
11.
A threat in SWOT could be:
a)
Strong brand loyalty
b)
New government regulations
c)
Skilled workforce
d)
Efficient production
12.
A key disadvantage of SWOT is:
a)
It is always accurate
b)
It may become outdated quickly
c)
It guarantees success
d)
It eliminates all risks
13.
PEST analysis examines:
a)
Only internal factors
b)
Political, Economic, Social, Technological factors
c)
Employee performance
d)
Product quality
14.
A political factor in PEST could be:
a)
New tax laws
b)
Consumer trends
c)
Technological advancements
d)
Supplier costs
15.
A social factor in PEST might include:
a)
Interest rates
b)
Aging population
c)
New factory machinery
d)
Company profits
16.
A limitation of PEST analysis is:
a)
It is free from assumptions
b)
It may quickly become outdated
c)
It guarantees profit
d)
It replaces SWOT
17.
Porter’s Five Forces analyzes:
a)
Employee satisfaction
b)
External competitive forces
c)
Internal budgeting
d)
Product colors
18.
High supplier power typically:
a)
Lowers business costs
b)
Increases business profits
c)
Reduces business profits
d)
Has no impact
19.
The threat of substitutes refers to:
a)
New competitors
b)
Alternative products reducing demand
c)
Employee turnover
d)
Government policies
20.
If buyer power is high, businesses face:
a)
Higher prices
b)
Pressure to lower prices
c)
No competition
d)
More suppliers
21.
Ansoff’s Matrix evaluates strategies based on:
a)
Employee skills
b)
New/existing products and markets
c)
Tax regulations
d)
Weather patterns
22.
Market penetration involves:
a)
Selling existing products in new markets
b)
Selling existing products in existing markets
c)
Launching new products in new markets
d)
Acquiring competitors
23.
The riskiest Ansoff strategy is:
a)
Market penetration
b)
Product development
c)
Market development
d)
Diversification
24.
Product development is best supported by:
a)
Ignoring customer feedback
b)
Strong brand loyalty
c)
Random pricing
d)
No market research
25.
Core competencies are:
a)
Basic employee skills
b)
Unique capabilities for competitiveness
c)
Government subsidies
d)
Temporary trends
26.
Core competencies help in:
a)
Copying competitors
b)
Building distinct brand identity
c)
Reducing all costs
d)
Avoiding innovation
27.
Scenario planning involves:
a)
Ignoring the future
b)
Imagining possible future scenarios
c)
Copying past strategies
d)
Avoiding experts
100 %
