MBA Business Strategy 1

Question 1

What are Porter's Five Forces used to analyze?

Accepted Answer

The competitive intensity and attractiveness of an industry

Answer

Porter's Five Forces framework assesses industry profitability by analyzing competitive rivalry, threat of new entrants, bargaining power of buyers and suppliers, and threat of substitutes.

Question 2

What is a 'competitive advantage'?

Accepted Answer

A unique attribute that allows a firm to outperform competitors and create superior value

Answer

A competitive advantage is a distinctive edge — cost leadership, differentiation, or a unique resource — that enables a firm to consistently outperform rivals and create more value.

Question 3

What does the BCG Growth-Share Matrix classify?

Accepted Answer

Business units or products by market growth rate and relative market share

Answer

The BCG Matrix categorizes business units into Stars, Cash Cows, Question Marks, and Dogs based on market growth rate and relative market share to guide resource allocation.

Question 4

What is 'corporate-level strategy' concerned with?

Accepted Answer

Decisions about which industries and businesses the corporation should compete in

Answer

Corporate-level strategy determines the scope of the firm — which industries to enter, which businesses to acquire or divest — to create value across the entire corporate portfolio.

Question 5

What is 'strategic planning'?

Accepted Answer

The process of defining an organization's direction, goals, and actions to achieve long-term objectives

Answer

Strategic planning involves setting long-term goals, analyzing the competitive environment, and developing action plans to position the organization for sustainable success.

MBA - Degree Master of Business Administration Practice Test

MBA - Degree Master of Business Administration Practice Test

MBA Business Strategy 1