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WorksheetsCBME 2 Strategic Management Quiz
Total questions: 15
Worksheet time: 8mins
What is the primary goal of corporate-level strategy?
To increase employee satisfaction
To reduce operational costs
To enhance brand loyalty
To create value through diversification
What does the CAGE framework help assess?
The technological advancements in an industry
The financial performance of a company
The distance between countries
The marketing strategies of competitors
Which of the following is NOT a type of business diversification?
Financial diversification
Service diversification
Market diversification
Product diversification
What is a key characteristic of a global strategy?
Prioritizes local market needs
Emphasizes local responsiveness
Focuses on high customization of products
Centralizes decision-making at headquarters
What is the main focus of a multi-domestic strategy?
Cost efficiency
Global standardization
Centralized control
Local market adaptation
Which of the following is a consequence of strategic choices?
Improved customer service
Major results and effects
Increased market share
Enhanced employee morale
What does product differentiation aim to achieve?
Lower production costs
Unique value proposition for customers
Increased market competition
Standardized product offerings
What is a common reason for global business failure?
High market acceptance
Poor communication
Strong local partnerships
Excessive planning
Which of the following is a type of innovation?
Incremental
Static
Traditional
Conventional
What does the term 'economies of scope' refer to?
Increasing market share through mergers
Expanding into new geographic regions
Producing different products using the same resources
Reducing costs through mass production
What is the focus of the 'nurturing a culture' leadership activity?
Promoting ethical conduct and values
Aligning organizational structure
Setting a strategic vision
Enhancing operational efficiency
Which of the following is a factor affecting a nation's competitiveness?
Brand loyalty
Market trends
Government policies
Employee satisfaction
What is the primary focus of an international strategy?
Adaptation to local cultures
Maximizing local responsiveness
Centralized decision-making for international markets
High levels of global integration
What does the term 'joint ventures' refer to in diversification?
Expanding into new geographic regions
Collaborating with another company to develop products
Investing in different asset classes
Acquiring another company
What is a characteristic of disruptive innovation?
Gradual changes in business models
Small improvements to existing products
Creation of new markets by displacing existing ones
Reconfiguring existing technologies
