MCQ Bank
Which one of the following is the organizational structure that most of the medium-size organizations follow?
- A) Strategic business unit
- B) Functional structure
- C) Matrix structure
- D) Divisional structure
BCG matrix is used in matching stage of strategy formulation framework. It plots the business units along which of the following dimensions?
- A) Market share and industry strength
- B) Market growth rate and competitive position
- C) Market share and market growth rate
- D) Market growth rate and environment stability
Which term is referred as a central management activity that allows for strategy execution?
- A) Resource allocation
- B) Establishing objectives
- C) Policy-making
- D) Setting Goals
If the average score of a firm in financial strength (FS) & industry strength (IS) is +5 & +1, identify the strategic position of a firm while undertaking the SPACE Matrix.
- A) Conservative
- B) Defensive
- C) Competitive
- D) Aggressive
Which one of the following best describes “the product is often a basic no-frills product that is produced at a relatively low cost and made available to a very large customer base”?
- A) Differentiation
- B) Focus
- C) Cost leadership
- D) None of the given options
SPACE matrix stands for:
- A) Strategic position and action evaluation matrix
- B) Strategic power and commerce evaluation matrix
- C) Strategy performance and activity evaluation matrix
- D) Strategy position and competitiveness evaluation matrix
“Substantial changes to the range of offerings or the markets served or both” is referred as:
- A) Brand extension
- B) Diversification
- C) Differentiation
- D) Relocation
The benefits of horizontal integration include all of the following EXCEPT:
- A) Reduction in competition
- B) Diseconomies of scale
- C) Synergy
- D) Cost reduction
If “Savour Foods”, a popular food chain in Islamabad/Rawalpindi acquires its supplier of rice, then it is applying which strategy?
- A) Forward Integration
- B) Divestiture
- C) Backward Integration
- D) Liquidation
Which approach for managing and resolving conflict involves physical separating the conflicting individuals?
- A) Confrontation
- B) Avoidance
- C) Diffusion
- D) Compliance
All of the following would be considered as opportunities for a business, EXCEPT:
- A) Emergence of substitute products
- B) Emergence of unfulfilled customer need
- C) Loosening of regulations
- D) Removal of international trade barriers
If market shares of competitors are declining whereas total industry sales are increasing, which strategy do you think may be the right one to pursue?
- A) Divestiture
- B) Retrenchment
- C) Market Penetration
- D) Market Development
Stage-2 (Matching stage) in a comprehensive strategy formulation framework includes all of the following matrix EXCEPT:
- A) IFE
- B) GS Matrix
- C) IE Matrix
- D) BCG Matrix
Stage-1 (Input Stage) in a comprehensive strategy formulation framework includes all of the following matrix EXCEPT:
- A) Internal factor evaluation
- B) TWOS matrix
- C) External factor evaluation
- D) Competitive matrix profile
Which of the following are two positive-rated dimensions on SPACE Matrix?
- A) CA and ES
- B) FS and CA
- C) IS and ES
- D) FS and IS
Which stage of the strategy-formulation framework consists of the Quantitative Strategic Planning Matrix?
- A) Formulation framework
- B) Decision stage
- C) Matching stage
- D) All of the given options
Which of the following is an example of Intensive strategies?
- A) Conglomerate strategy
- B) Retrenchment
- C) Market penetration
- D) Forward integration
Concentric, horizontal, and conglomerate are the types of which strategy?
- A) Diversification strategies
- B) Defensive strategies
- C) Growth strategies
- D) Intensive strategies
“It gives you a systematic approach for evaluating alternate strategies, and helps you decide which strategy is best suited to your organization.” The statement is true for which of the following matrix?
- A) QSPM
- B) BCG Matrix
- C) TOWS Matrix
- D) SPACE Matrix
What kind of strategy retrenchment is?
- A) An integration strategy
- B) An expansion strategy
- C) A reorganization strategy
- D) A diversification strategy