Free Degree in Business Management Strategy Questions and Answers

Question 1

Which organizations would require access to the details of a corporate plan?

Accepted Answer

All of the above

Answer

Major lenders to the organization

Answer

Employees

Answer

Shareholders

Question 2

Which of the following has the most impact on a business plan?

Accepted Answer

All of the above

Answer

Managerial skills

Answer

Financial resources

Answer

Operating capacity

Question 3

In a downturn, a company is more likely to:

Accepted Answer

Delay expansion plans

Answer

Increase bonuses for performance

Answer

Increase remuneration to staff

Answer

Delay cost savings strategies

Question 4

The procedure for distributing and managing resources to support the selected strategies is referred to as:

Accepted Answer

Strategic implementation

Answer

Strategic analysis

Answer

Strategic choice

Answer

All of the above

Question 5

Senior managers are compelled to take into account the organization's:

Accepted Answer

Strengths and weaknesses

Answer

Hr problems

Answer

Worst performing employees

Answer

Trials and tribulations

Question 6

The ANSOFF Matrix defines growing existing product sales in the home market as:

Accepted Answer

Market penetration

Answer

Product development

Answer

Market development

Answer

Diversification

Question 7

Bulk purchasing and a reduced combined workforce are two advantages that two businesses merging may enjoy. Defining this is:

Accepted Answer

Rationalization

Answer

Research and Development

Answer

Automation

Answer

None of the above