MCQ Bank
SPACE matrix contains four-quadrant named aggressive, conservative, defensive, or competitive strategies. The axes of SPACE matrix represent which of the following two internal dimensions?
- A) ES & IS
- B) FS & CA
- C) FS & ES
- D) CA & IS
SPACE matrix contains four-quadrant named aggressive, conservative, defensive, or competitive strategies. The axes of SPACE matrix represent which of the following two external dimensions?
- A) CA & IS
- B) FS & CA
- C) FS & ES
- D) ES & IS
ABC firm is facing high production costs in Pakistan due to expensive raw material. The firm is formulating a strategy of capturing European market because of low priced raw material and high demand of their products in Europe. Keeping in view the mentioned situation which of the following strategies ABC firm must pursue?
- A) WT Strategy
- B) SW Strategy
- C) WO Strategy
- D) ST Strategy
Which of these is an attractive strategy for a cash cow division?
- A) Backward integration
- B) Horizontal integration
- C) Conglomerate diversification
- D) Concentric diversification
If the average score of a firm in competitive advantage (CA) & financial strength (IS) is -2 & +4, identify the strategic position of a firm while undertaking the SPACE Matrix.
- A) Competitive
- B) Defensive
- C) Aggressive
- D) Conservative
When both divestiture and retrenchment have been pursued unsuccessfully, which of the following strategies is effective to pursue?
- A) Liquidation
- B) Takeover
- C) Merger
- D) Forward integration
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?
- A) It can be managed best with Grow and Maintain strategies
- B) It can be managed best with Hold and Maintain strategies
- C) It can be managed best with Harvest or divest strategies
- D) It can be managed best with Grow and Build strategies
Which one of the following is/are included in Michael Porter's generic strategies?
- A) All of the given options
- B) Differentiation
- C) Cost leadership
- D) Focus
In which one of the following matrix where strategists requires to integrate all the internal and external factors into the decision process?
- A) SPACE Matrix
- B) GS Matrix
- C) BCG
- D) QSPM
All of the following are the advantages of functional structure of an organization EXCEPT:
- A) Minimizes career development
- B) Simple and Inexpensive
- C) Allows for rapid decision making
- D) Minimizes need for elaborate control system
Which of the following is the last step in the development of QSPM?
- A) Compute the Sum Total Attractiveness Score
- B) Assigning weights to each key external and internal factor
- C) Determining the Attractiveness Scores for each strategy
- D) Developing a list of the firm’s key external and internal factors
On the x-axis of the IE Matrix, an IFE total weighted score of a firm is 3.5 represents that firm has:
- A) A strong internal position
- B) A weak internal position
- C) A strong external position
- D) A weak external position
Which matrix is included in the decision stage of the strategy formulation framework?
- A) IE Matrix
- B) QSPM Matrix
- C) BCG Matrix
- D) SPACE Matrix
The SMART goal criteria ‘Relevant’ suggests which one of the following?
- A) Do you know exactly what you want to accomplish?
- B) Are you able to assess your progress?
- C) Is your goal relevant towards your purpose in life?
- D) What is the deadline for completing your goal?
What refers to a strategy of seeking ownership or increased control over a firm’s competitors?
- A) Horizontal integration
- B) Conglomerate diversification
- C) Concentric diversification
- D) Backward integration
ABC company is competing in an industry where the growth rate of that industry from year to year has reached or is close to zero, ABC is operating in which industry?
- A) Growing industry
- B) Declining industry
- C) Mature industry
- D) Emerging industry
In BCG matrix, identify the right quadrant for “Question Marks”.
- A) Quadrant I
- B) Quadrant II
- C) Quadrant IV
- D) Quadrant III
In which one of the following businesses, a firm’s cash needs are high while cash generation is low in BCG matrix portfolio?
- A) Dogs
- B) Stars
- C) Cash cows
- D) Question marks
What is the last stage of three-stage strategy formulation framework?
- A) Formulation
- B) Decision
- C) None of the given options
- D) Matching
According to Porter, which strategy offers products or services to a small range of customers at the lowest price available on the market?
- A) Low cost
- B) Cost focus
- C) Best value
- D) Differentiation