Question 1

---------- is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.

Accepted Answer

A)  Environmental analysis
B)  Competitor analysis
C)  Macro analysis
D)  Any of the above A

Question 2

The central purpose of strategic evaluation is ---------------

Accepted Answer

A)  Evaluate effectiveness of strategy to achieve organisational objectives
B)  Evaluate effectiveness of control system to measure achievements.
C)  Evaluate effectiveness of strategies to be implemented efficiently.
D)  Evaluate effectiveness of the strategy implementation process. A

Question 3

Organizing means an identifiable group of people contributing their efforts towards the attainment of same goal. It is important at the time of:

Accepted Answer

A)  Environmental scanning
B)  Strategy formulation
C)  Strategy Implementation
D)  Strategy evaluation C

Question 4

Characteristics of a business which makes it disadvantageous relative to competitors.

Accepted Answer

A)  Threat
B)  Failure
C)  Weakness
D)  None of these

Question 5

Which of the following are signs of weakness in a company's competitive position?

Accepted Answer

A)  A return-on-equity is below 25% and earnings per share of less than Rs. 2.00
B)  A price set by the firm higher than its rivals
C)  A declining market share, poor product quality and few sales in market
D)  Lower revenues and profit margin and narrow product line than the market leader

Question 6

identifies a firm's major competitors and their particular strengths and weaknesses in relation to a sample firm's strategic position.

Accepted Answer

A)  Competitive Profile Matrix
B)  External Factor Evaluation matrix
C)  Internal Factor Evaluation Matrix
D)  Boston consulting group matrix

Question 7

In PEST analysis, "S" stands for------------

Accepted Answer

A)  Stability factors
B)  Social factors
C)  Sales factors
D)  Strategic factors

Question 8

Forecasting tools can be broadly categorized into two groups. Those are:

Accepted Answer

A)  Qualitative, Operational
B)  Quantitative, Operational
C)  Qualitative, Quantitative
D)  Regression and time series analysis

Question 9

Which of the following is not an external environment component of a business?

Accepted Answer

A)  Competitors
B)  Corporate structure
C)  Suppliers
D)  customers

Question 10

Political variables have a significant effect on

Accepted Answer

A)  Strategy formulation and implementation
B)  Strategy formulation and evaluation
C)  Strategy implementation and evaluation
D)  Strategy formulation, implementation and evaluation

Question 11

In PEST analysis, "P" stands for------------

Accepted Answer

A)  Profitability factors
B)  Productivity factors
C)  Political factors
D)  Pricing factors

Question 12

In PEST analysis, "T" stands for------------

Accepted Answer

A)  Tactical factors
B)  Threat factors
C)  Task factors
D)  Technological factors

Question 13

It directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costs.

Accepted Answer

A)  Marketing
B)  Opportunity analysis
C)  Research and development
D)  Management

Question 14

Elements in a company's external environment that allow to formulate and implement strategies to increase profitability.

Accepted Answer

A)  Strength
B)  Success
C)  opportunity
D)  productivity

Question 15

---------- analysis begins with identifying present as well as potential competitors.

Accepted Answer

A)  Environment
B)  Internal
C)  Competitor
D)  External

Question 16

Strategy evaluation at the level involves using specific performance measures-qualitative and quantitative-for each functional area.

Accepted Answer

A)  organizational
B)  operational
C)  functional
D)  production

Exam 3: Strategic Management and Analysis