29-11-2012, 12:59 PM
Strategic Management Quiz
1Strategic Management.doc (Size: 31.5 KB / Downloads: 23)
1._____arise when unit costs fall as a firm expands its output.
a. Economies of scale
b. Brand loyalties
c. Barriers to entry
d. Absolute cost advantages
2. Which of these means mobilising employees and managers to put strategies into action?
a. Formulating strategy
b. Strategy evaluation
c. Implementing strategy
d. Strategic advantage
3._______________- tells the organization what it should not do.
a. Fit
b. Trade off
c. None of these
d. Leverage
4. Which is not a functional level strategy:
a. Growth strategy
b. Stability strategy
c. Retrenchment strategy
d. All of these
5. The vision statement should be preferably
a. half page.
b. many paragraphs.
c. one sentence.
d. stated verbally