05-22-2011, 01:09 AM
Question No: 7 ( Marks: 1 ) - Please choose one
All of the following statements are true about a firm’s mission statement EXCEPT:
► A mission statement directly contributes positively to financial performance
► A mission statement does not directly contribute positively to financial performance
► A mission statement should not provide useful criteria for selecting among alternative
strategies
► Primary reason to develop a mission statement is not to attract the customers
“If a strategist has identified that the market growth rate is 8 %, the number of sellers in
industry are 52 and the industry's products are differentiated.” Which of the following
industry's success factor he is exploring?
► Social forces
► Competitive forces
► Social forces
► Economic forces
Supplier bargaining power is not likely to pose strong competitive pressure when which of
the following situation is prevailing?
► Buying firms are looking for suppliers with superior just-in-time supply capabilities and
low prices
► The suppliers furnish a critical part or component that is in relatively short supply
► Buying firms collaborate closely with their key suppliers to achieve mutual benefits
► The products of alternative suppliers are highly differentiated, making the cost of
switching relatively high
External assessment is performed in which of the following strategic-management
phase?
► Strategy formulation stage (not sure)
► Strategy implementation stage
► Strategy evaluation stage
► All of the given options
Mr. A assigns Mr. B a project to be completed till the end of the month and then holds periodic meetings with him to review his progress. Which of the management functions is Mr. A performing?
► Planning
► Leading
► Controlling
► Organizing
According to Porter, which strategy offers products or services to a small range of
customers at the lowest price available on the market?
Select correct option:
Low cost
Best value
Cost focus
Differentiation
Which of the following statements is TRUE about company’s strategies?
► Company strategies concern how to grow the business, how to out-compete rivals, how to
satisfy customers
► Company strategies concern when to change the company's strategic vision and business
model
► Company strategies concern whether to focus on achieving short-run performance
targets or on long-range
► Company strategies concern performance targets and how much organizational stretch to
build in
Which type of trend can be exemplified by the increase in average level of
education in a society?
Cultural
Technological
Economic
Social
All of the following statements are true about a firm’s mission statement EXCEPT:
► A mission statement directly contributes positively to financial performance
► A mission statement does not directly contribute positively to financial performance
► A mission statement should not provide useful criteria for selecting among alternative
strategies
► Primary reason to develop a mission statement is not to attract the customers
“If a strategist has identified that the market growth rate is 8 %, the number of sellers in
industry are 52 and the industry's products are differentiated.” Which of the following
industry's success factor he is exploring?
► Social forces
► Competitive forces
► Social forces
► Economic forces
Supplier bargaining power is not likely to pose strong competitive pressure when which of
the following situation is prevailing?
► Buying firms are looking for suppliers with superior just-in-time supply capabilities and
low prices
► The suppliers furnish a critical part or component that is in relatively short supply
► Buying firms collaborate closely with their key suppliers to achieve mutual benefits
► The products of alternative suppliers are highly differentiated, making the cost of
switching relatively high
External assessment is performed in which of the following strategic-management
phase?
► Strategy formulation stage (not sure)
► Strategy implementation stage
► Strategy evaluation stage
► All of the given options
Mr. A assigns Mr. B a project to be completed till the end of the month and then holds periodic meetings with him to review his progress. Which of the management functions is Mr. A performing?
► Planning
► Leading
► Controlling
► Organizing
According to Porter, which strategy offers products or services to a small range of
customers at the lowest price available on the market?
Select correct option:
Low cost
Best value
Cost focus
Differentiation
Which of the following statements is TRUE about company’s strategies?
► Company strategies concern how to grow the business, how to out-compete rivals, how to
satisfy customers
► Company strategies concern when to change the company's strategic vision and business
model
► Company strategies concern whether to focus on achieving short-run performance
targets or on long-range
► Company strategies concern performance targets and how much organizational stretch to
build in
Which type of trend can be exemplified by the increase in average level of
education in a society?
Cultural
Technological
Economic
Social
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