Q:

Question 1.

The determination of the basic long term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources is called which of the following

Law

Strategy

Plan

Policy

Question 2.

The design and choice of appropriate Organisational strategies is carried out under the strategic formulation

False

True

Question 3.

Competitive advantage can be achieved through which of the following

None Of The Above

Low Cost

Better Service

A & B

Question 4.

Which one of the following is not one of Porters five forces

Threat Of Substitute

Rivalry Among Existing Organization

Threat Of Government

Threat Of New Entrants

Question 5.

A statement of what the organization stands for, what it believes in, and why it exists is called which of the following

Goals

Mission

Objective

Vision

Question 6.

A set of firms competing within an industry that have similar strategies, resources and customers is called which of the following

Strategic Group

Customer Group

Industry Group

Competitive Group

Question 7.

Focus strategy is utilizing either a differentiation or cost leadership strategy in a narrow profile of market segment known as which of the following

High Market

Hot Market

Low Market

Niche Market

Question 8.

Alliances between organizations from different, sometimes unrelated industries to work on well-defined activities such as new technology development are called which of the strategic alliance

None Competitive

Pro-competitive

Competitive

Pre Competitive

Question 9.

In which stage of the strategy formulation is the question Where is the organization now? Asked

Strategic Intent

Strategic Choice

Strategic Assessment

Strategic Planning

Question 10.

The assessment of whether the organization has the proper resource to support the strategic choice is which form of strategic evaluation

All Of The Above

Suitability

Feasibility

Acceptability