__________ are large scale action plans of an organization for interacting with environment in order to achieve long term goals.

• A) Strategic goals
• B) Actions
• C) Strategies
• D) Objectives

All of the following are the examples of the actions that can be taken in strategy implementation stage EXCEPT:

• A) Taking corrective action when needed
• B) Changing organization's pricing strategy
• C) Transferring managers among divisions
• D) Developing new employee benefits

Which of the following is a general statement or understanding that guide or channelize thinking in decision making?

• A) Project
• B) Rule
• C) Policy
• D) Procedure

The set of strengths, characteristics and qualities including skills, technologies, or resources that distinguish a firm from its competitors is called:

• A) Scope
• B) Resource deployment
• C) Distinctive Competency
• D) Effective strategy

A plan developed to carry out a course of action that is not likely to be repeated in the future is called:

• A) Directional plan
• B) Reaction plan
• C) Specific plan
• D) Single-use plan

ABC Company has been offering the same quality beauty products for the last 10 years, with no plans for change. Which type of strategy is the company using?

• A) Combination
• B) Growth
• C) Retrenchment
• D) Stability

Which of the following identifies the order of activities to be performed in order to achieve a particular goal?

• A) Break-even analysis
• B) Budgeting
• C) Linear programming
• D) Scheduling

Which of the following statement describes a Procedure?

• A) A specific goal that, once reached, will most likely not recur in the future
• B) Is a general guideline
• C) A prescribed series of related steps to be taken under certain recurring circumstance
• D) All of the given

Which one of the following technique is a quantitative tool for planning that can be used to solve resource allocation problems?

• A) Breakeven analysis
• B) Budgeting
• C) Project management
• D) Linear programming

Which one of the following is a prescribed series of related steps to be taken under certain recurring circumstances?

• A) Project
• B) Policy
• C) Procedure
• D) Rule

Goals are often called which of the following?

• A) A lot of other names by various organizations
• B) Managements’ do or die objectives
• C) The foundation of planning
• D) The basis for all the other functions

A skill and capability held by numerous competing firms is called:

• A) Distinctive competencies
• B) Competitive edge
• C) Common strength
• D) Competitive parity

Which of the following is the statistical plan for planned activities in future?

• A) Budget
• B) Linear program
• C) Break-even analysis
• D) All of the given options

Which one of the following is strength of MBO (Management by Objective)?

• A) Overemphasis of quantitative goals
• B) Tends to falter without strong commitment
• C) Clarify priorities and expectation
• D) Requires training of employees

The BCG Matrix is used primarily for:

• A) Assessing employee productivity levels.
• B) Forecasting economic trends in the market.
• C) Analyzing market share and growth rate of business units.
• D) Determining the financial viability of a company.

The owner of a chain of supermarkets sets a goal of opening up ten new stores in new locations within the next six years. Which one of the following plans it is?

• A) Long-range
• B) Directional
• C) Short-range
• D) Standing

In the BCG Matrix, which quadrant represents products with high market share in a fast-growing market?

• A) Stars
• B) Question Marks
• C) Dogs
• D) Cash Cows

How an organization distributes its resources across the areas in which it competes is its:

• A) Resource deployment
• B) Distinctive Competency
• C) Effective strategy
• D) Scope

The 'bargaining power of buyers' refers to:

• A) The ability of customers to affect pricing and quality
• B) The competition among existing firm
• C) The threat of substitute products
• D) The ability of suppliers to influence prices

Which one of the following plans has the broadest organizational focus and the longest time frame?

• A) Strategic
• B) Tactical
• C) Directional
• D) Operational