Blog: MGT603 Current Quiz

Question # 1 of 15 ( Start time: 09:24:01 AM ) Total Marks: 1
Which one of the following strategies is referred as presenting products, often with a little or no modification, to customers in related marketing areas?
Select correct option:

Market development
Market penetration
Horizontal integration
Product development

Question # 2 of 15 ( Start time: 09:24:55 AM ) Total Marks: 1
Corporate social policy should be designed and articulated during which phase of strategic management?
Select correct option:

Implementation
Formulation
Evaluation
Management


Question # 3 of 15 ( Start time: 09:25:37 AM ) Total Marks: 1
Ethnic balance is affected due to which of the following?
Select correct option:

Change in ethnic values
Awareness of ethnic norms
Migration of the people towards different areas
Introduction of new laws relating to ethnicity


Question # 4 of 15 ( Start time: 09:25:58 AM ) Total Marks: 1
The organizations that conduct business operations across national borders are known as which of the following?
Select correct option:

Domestic firms
Multinational corporations
Parent companies
Franchises


Question # 5 of 15 ( Start time: 09:26:13 AM ) Total Marks: 1
Which one variable falls under the category of the Social, Cultural, Demographic, and Environmental Variable?
Select correct option:

Propensity of people to spend
Buying habits
Level of disposable income
Income differences by region


Question # 6 of 15 ( Start time: 09:27:35 AM ) Total Marks: 1
Rehman industries is analyzing the technological forces for the firm which may provide it opportunities and threats for which of the following stage/s of strategic management process?
Select correct option:

Strategy formulation
Strategy implementation
Strategy evaluation
All of the given options

Question # 7 of 15 ( Start time: 09:27:56 AM ) Total Marks: 1
All of the following would represent possible threats to the ABC Company EXCEPT which one of the following?
Select correct option:

Entrance of new competitors
Improved buyer or supplier relationships
New or revised regulations
Slow industry/market growth


Question # 8 of 15 ( Start time: 09:29:06 AM ) Total Marks: 1
Strategic management is the art and science of formulating, implementing and evaluating cross-functional decisions which is usually done by all of the following EXCEPT:
Select correct option:

Chairman of the company
Board of directors
Chief executive officer
Marketing officer

Question # 9 of 15 ( Start time: 09:29:59 AM ) Total Marks: 1
You are asked to prepare the IE Matrix of Roxon Incorporation. Your findings reveal that its Southern division falls in IX cell of IE Matrix. How will you interpret your findings?
Select correct option:

It can be managed best with Harvest or divest strategies
It can be managed best with Grow and Build strategies
It can be managed best with Grow and Maintain strategies
It can be managed best with Hold and Maintain strategies

Question # 10 of 15 ( Start time: 09:30:34 AM ) Total Marks: 1
Selling all of a company’s assets in parts for their tangible worth is known as:
Select correct option:

Joint venture
Divestiture
Liquidation
Integration

Question # 11 of 15 ( Start time: 09:30:52 AM ) Total Marks: 1
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

Question # 12 of 15 ( Start time: 09:31:57 AM ) Total Marks: 1
What are historical narratives describing the unique accomplishments of a ***** and its leaders, usually in heroic terms?
Select correct option:

Rites
Sagas
Stories
Myths


Question # 13 of 15 ( Start time: 09:32:36 AM ) Total Marks: 1
All of the following are the indicators of industry strength for an organization EXCEPT:
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Financial stability
Ease of entry into the market
Geographic and product freedom
Control over suppliers


Question # 14 of 15 ( Start time: 09:33:12 AM ) Total Marks: 1
Which of the following is best identified as a statement that presents “a firm's big picture statement, describing a desired end-state, general in scope, and not restrictive”?
Select correct option:

Corporate philosophy statement
Company creed
Vision statement
Mission statement

Question # 15 of 15 ( Start time: 09:33:55 AM ) Total Marks: 1
Which one of the following area can be the weakness of a firm?
Select correct option:

Changing lifestyle
High oil prices
Ineffective Marketing
Increasing pollution