________ approach is practical, goal-oriented and is positive in nature. The fundamental purpose of an organization’s mission statement is to a. create a good human relations … English Grammar Quiz for Class 8 with Answers, Cloud Computing Multiple Choice Questions and Answers, Jamia Indian Defence Personnel Assignments, Online MBA Course | Manipal University is a Best MBA College in India, District of Assam । Total Number of Districts in Assam with brief History, Operating System Objective Questions and answers pdf for GATE, Operating System Quiz Questions with Answers, Operating System Questions and Answers with Multiple Choice, Hindi Vyakran Quiz – Hindi Grammar Quiz for Competitive Exams. D. Henry Fayol. A strategic business unit (SBU) has a high relative market share (RMS) and a low market growth rate (MGR). (A) Resale value (B) Use value (C) Esteem value (D) Cost value. A strategic leader needs to control every activity within the organization and does not delegate any work to his subordinates. (True / False) UNIT I STRATEGY AND PROCESS Conceptual framework for strategic management, the Concept of Strategy and the Strategy Formation Process – Stakeholders in business – Vision, Mission and Purpose – Business definition, Objectives and Goals - Corporate Governance and Social responsibility-case study. Job analysis, recruitment and selection b. (True / False) SAMPLE MCQ’s for Project Management Course MMS Semester IV Subject-Project Management ... D.Strategic Business Unit Head 33.In which stage of team development, team members are worried about how they fit in with the others and how their capabilities and skills compare. Samples ; Flashcards; Q&A; Study Tips; Free Duplicate Content Checker; Login; or LOG IN if you are already a member. Answer: b. The strategic Business Unit evolved from ----- a) Hierarchy- based structure of organization b) Function based structure of organization c) Territorial structure of organization d) Divisional structure of organization 50. A strategy is thought oriented. ILC & Strategic Implications Dr. Prashant Kalaskar 10. Business Level Strategy Business-level strategy: an integrated and coordinated set of commitments and actions the firm (Business Unit) uses to gain a competitive advantage by exploiting core competencies in specific product markets Dr. Prashant Kalaskar 11. d) Strength, Weakness, Opportunities, Thrusts Ans: Strategy, 2. c) Strength, Workload, Opportunities, Threats Ans: False, 6. 9. The fundamental purpose for the existence of any organization is described by its a. policies ADVERTISEMENTS: b. mission c. procedures d. strategy Ans. (True or False) (True / False) We hope the given NCERT MCQ Questions for Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises with Answers Pdf free download will help you. A strategic business unit is a division or team of a company that is responsible for its own strategy and bottom line.In some cases, they are run as a completely separate business. Strategic business unit (SBU) Standalone division of a larger conglomerate, with its own profits and losses. This Multiple Choice Questions in Strategic Human Resource Management & HR Policies will be helpful for students of BBA, MBA, Mcom, Bcom, and other graduation & post-graduation students. Definition: Strategic Business Unit (SBU) implies an independently managed division of a large company, having its own vision, mission and objectives, whose planning is done separately from other businesses of the company.The vision, mission and objectives of the division are both distinct from the parent enterprise and elemental to the long-term performance of the enterprise. Carry out strategies assigned by the CEO, C. Develop their own unique way of competing, D. Implement the marketing function's strategic planning and management decisions, Strategy is developed by the visionary chief executive in ___________ mode of strategic management, Stability strategy is a ____________ strategy. The increase in value of a product of service as more people use it. 14. Ans: True, 4. In business, a strategic business unit (SBU) is a profit center which focuses on product offering and market segment. 34. The advantages derived by implementing Strategic management principles are broadly classified as _________ and _______ benefits. The highest amount a firm can charge for its products is most directly affected by. What is the basic problem in many organisations? The fundamental purpose of an organization’s mission statement is to a. create a good human relations climate in the … 1. According to the growth-share matrix for competitive analysis created by the Boston Consulting Group, such an SBU is considered a Star. Ans: True, 67. The fundamental purpose for the existence of any organization is described by its a. policies b. mission c. procedures d. strategy Ans. Ans: Efficiency – doing things right and effectiveness – doing right things, 37. (True or False) Ans: constantly evaluated, 25. The Strategic Business Unit evolved during the ---- … University. Ans: Strategic triangle is the name given to the 3 important entities to be considered while formulating an effective strategy. Job analysis, recruitment and selection b. Ans: Pragmatic approach, 75. Strategic business unit (SBU) Standalone division of a larger conglomerate, with its own profits and losses. 15. b. ADVERTISEMENTS: 2. Typically, a strategic business unit operates as a separate unit, but it is also an important part of the company. 2017/2018 (True or False) Ans: True, 64. b. Business Policy And Strategic Management Mcq we are giving business policy amp strategic management question papers of pune university you can send bpsm question papers to add to this post, difference between business policy and strategic management corporate governance concept issues models evolution and significance introduction to strategic management concept importance of strategic … Management is […] Ans: The basic problem is that those who have the knowledge do not have the power and those who have the power do not have the knowledge. Punishment of people c. Adoption of people d. None of these Ans: a Que:2 Human resource management is amalgam of- a. It has been set up by Professor Fred David of Francis . Ans: (b) Mentor, 65. Ans: Miniature electronics, 54. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction. Strategic Management Process Process of Strategic Management (Strategic Mgmt Model) Strategy Formulation Mission & Objectives Internal Resource Analysis Environmental Analysis A policy is action oriented. Ans: Mission statement, 50. Ans: True, 55. Try testing yourself before you read the chapter to see where your strengths and weaknesses are, then test yourself again once you’ve read the chapter to see how well you’ve understood.1. D. German. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction. a. create a good human relations … Dog. Two examples of external variables, which influence business policy are ______ and ______. Ans: Two sets, 18. Ans: Vision, 5. Follow Us. Strategic analysis is a part and parcel of the __________ process of organisations. The translation of the strategy into action takes place here, and it details the firm's competitive tactics and initiatives. Ans: Cost leadership strategy, Differentiation strategy and Focused strategy. 32. 7) Differentiation Strategy. C. Louis Allan. MCQ on Strategic Human Resource Management with answers. Ans: Financial & non-financial, 24. Ans: Knowledge creation. The Practice of Management written by __________. MCQ & Answer Vault for Exam 1910 Exam MCQ consist 10% of the total paper. The relationship between a business firm and its environment is one of the ______ benefit. Answer: True 23. 45. One of the main reasons for having a vision is the motivational effect it is supposed to produce on the workforce. ______ has been defined as “The collective learning and coordination skills behind the firm’s product lines”. Strategic Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Take … 8. Profit center b. He should be able to adjust actions and decision-making to focus on critical initiatives and issues. Strategic Management MCQ Questions and answers with easy and logical explanations. 2018/2019 Hence strategic business units are formed in the organization.These strategic units may contain a single products or multiple products. Both management and employees are involved in strategy evaluation (True / False) What will happen for a business in the absence of a clear and sound business policy? A strategic business unit does not report through corporate headquarters but rather to the shareholders? 49. The fundamental purpose for the existence of any organization is described by its a. policies b. mission c. procedures d. strategy Ans. Strategic Management (MG3047) Academic year. Practice MCQ’s. 1. 30) Define strategic management. ANSWER: A 2. We have provided Private, Public and Global Enterprises Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well. MCQ & Answer Vault for Exam 1910 Exam MCQ consist 10% of the total paper. Thus, a company like HUL may group its shampoos together in one strategic business unit, soaps in another and similarly, it may make multiple strategic business units as per its requirement.. What are Strategic business units and their advantages b 2. Show Result 10) Strategic Evaluation. School of distance education Strategic Financial Management Page 3 CONTENTS MODULE 1 UNIT 1 Financial Goals & strategy UNIT 2 Managerial Implications Of Share holder Value creation MODULE II UNIT 3 Financial Strategy For Capital Structure UNIT 4 Capital Structure Planning & Decision Making UNIT 5 Dividend Policy & Value Of The Firm UNIT 6 Dividend Policy &Valuation of Firms Ans: True, 76. c) Friend Ans: False, 68. Strategic analysis for policy basically deals with _______________. ________ is broad-based and seeks to create an image of the company, basis its core values. Ans: True, 40. The ability of transformational leaders to attract peers and sub-ordinates by commanding their attention is due to their personal ________. b) Skills, Weakness, Opportunities, Threats Ans: Core competency, 52. Strategy is developed to mobilise the available resources in the best interest of the organization. Suppliers are powerful when: a. satisfactory substitutes are available. Objectives of an organisation are close-ended and quantifiable. Core competencies do not help in value creation or value addition of the product. C K Prahlada is an eminent thinker from ______. Social behaviour and business ethics c. Organisational behaviour, , personal management and industrial … In some cases, they are run as a completely separate business.Alternatively, a strategic business unit may be primarily a marketing team that shares administrative and operational functions with the rest of an organization.. 5 Examples of a Strategic Business Unit - Simplicable Take … Ans: True, 74. It has been set up by Professor Fred David of Francis . Ans: India, 36. 1. (True or False) On what does the success or failure of a business depend upon? The strategic business unit with low market share and high market growth is considered as . The questions will be coming out from the Weekly MCQ vault. 3) Strategic Planning Process. The functions of brand . Ans: Mission. UNIT: 1 INTRODUCTION HUMAN RESOURCE MANAGEMENT (MCQ) Que:1 Human resource management emphasis- a. It has been set up by Professor Fred David of Francis . Strategic leaders have a need to be motivated constantly. __________ of any organization refer to the systematic process, which enables the transformation of inputs into finished products or service. Which of the following is not a term normally used in value analysis? C. Louis Allan. Cash cow. d. they are in a highly fragmented industry. 2.Which of the following is not suitable for a JIT production system? C. 2. Strategic marketing means identifying the customers' needs or public and creating a marketing strategy plan to satisfy customer's requirement and improve the company's performance and increase profit. It reports to the headquarters about its operational status. If you have any queries regarding Private, Public and Global Enterprises CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon. d. strategy . 7. Ans: Virtual corporations, team organizations and boundary less organizations. April 9th, 2019 - Strategic management MCQ and answers for MBA students December 5 2015 Mike 1 Which of these is not a reason why some firms do no strategic planning a Laziness b Competitive leadership c Honest difference of opinion d Poor reward structures Divisional c Strategic business unit only d Functional divisional and corporate B. French. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. Ans: Mutual benefit, 17. Business Policies are influenced by ____________sets of factors. Business Strategy Multiple Choice Questions (MCQ) and Answers pdf for preparation of academic and competitive examinations. The core competence of Sony is ________. Ans: Transactional and Transformational leadership, 72. Strategy is an action that managers take to attain one or more of the organization’s goals. A good vision is realistic only and not idealistic. c. Marketing unit . 28. Multiple choice questions Corporate Strategy SET-1 1. (True or False) According to the growth-share matrix for competitive analysis created by the Boston Consulting Group, such an SBU is considered a ANSWER: A 2. _______ can be defined as the process of exerting influence on others, especially peers and subordinates, in order to accomplish the common goals of the organization. A well-defined strategy allows the organization to function with clockwork precision. This site contains podcasts and articles on all areas of business and a link to Strategic Management. Ans: Organisation’s reason for existence, core values and the huge but achievable goals which the organisation has set itself in the future. A. Royal Melbourne Institute of Technology. Broad Vision and Dynamism are essential features of a business strategy. 9) Integration Strategies . Business Policy and Strategic Management MCQ with Answers for preparation competitive, MBA, BBA distance and regular mode coureses Ans: True, 23. b. Ans: analyzing the external environment. Ans: False, 53. Strategic Management (BUSM3125) Uploaded by. A strategic business unit is a division or team of a company that is responsible for its own strategy and bottom line. B. Terry. Ans: Charisma, 73. _______ defines the products of the firm, the geographical area of its market and the activities undertaken to establish the product. Corporate and divisional only B. Divisional C. Strategic business unit only D. Functional, divisional, and corporate ANSWER: D 49. Elthan Lim. 32) Briefly explain the importance of organizational assessment and environmental information in strategic management. 2. 1. Mktg Lesson 2 Chapter 2 MCQ questionIt deals with adapting the firm to take advantage of changing marketing opportunities. 9. Strategic Business Unit (SBU) Level – Business Strategy Functional Level At each level of business, a strategy needs to be formulated, from macro level to micro level. D.Strategic Business Unit Head 33.In which stage of team development, team members are worried about how they fit in with the others and how their capabilities and skills compare. The two types of global strategies pursued by multinational corporations ______ and ______. b) Technopreneur. Are found in one-business organisations, B. The fundamental purpose for the existence of any organization is described by its . (True / False) Practice Multiple choice questions which provide the summary of each chapters in the modul... View more. Online Mock Test in Strategic Management For CA Final , MCQ for CA CS CMA, MCQ in Strategic Management Core competencies should be difficult for competitors to imitate or duplicate. Core competencies tend to refer to areas of special technical and production expertise, where _____ tend to describe excellence in broader business processes. Ans: Skill, energy and business acumen, 57. List out the various interest groups surrounding the business of a firm. Description: A strategic business unit or SBU operates as an independent entity, but it ha Click here to Download Business Strategy Multiple Choice Questions and Answers in PDF, Your email address will not be published. Network effects . 38. Submit . (True / False) Ans: Leadership, 62. Retailer is a person who sells the goods […] b. Print Strategic Business Units: Examples & Definition Worksheet 1. They are – Company, Customer and the Competitor. Learn how your comment data is processed. Submit . Ans: Team, Operational and Strategic levels, 63. b. What are the means by which long term objectives will be achieved? (True or False) Ans: Organizational alignment, 51. (True / False) Ans: True, 26. Solved online assignment answers for multiple choice questions (MCQ's) of various universities like All India Management Association (AIMA), IMT (Institute of Management Technology), SIU (Symbiosis International University), IGNOU, Marathwada Institute of Technology (MIT), Sikkim Manipal University (SMU) and many others. Functional strategy is concerned with developing and nurturing a distinctive competence to provide a company or business unit with a competitive advantage. Explain the importance of strategic management for an organization 31) “Business must be run in a socially responsible manner.” Comment on the statement in the Indian context. Ans: Suppliers, customers and competitors, 19. (True or False) b ADVERTISEMENTS: 2. In a specific strategic market plan, a profit centre that is self-supporting in terms of sales, markets, production, and other resources is known as: a. AMAZON GREAT REPUBLIC DAY SALE Ans: True, 41. a) Strength, Weakness, Opportunities, Threats A. Peter F. Drucker. Ans. 6. Introduction A strategic business unit is a significant organization segment that is analyzed to develop organizational strategy aimed at generating future business or revenue. A) increases the advertising budget for that strategic business unit B) invests more in the strategic business unit to build its market share C) sells off or phases out the strategic business unit (True or False) The strategic Business Unit evolved from ----- a) Hierarchy- based structure of organization b) Function based structure of organization Ans: Muddled, 13. (True / False) Module. Ans: True, 77. Ans. ... A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as: a) Ecopreneur. Strategic Business Unit (SBU) "The bigger a company gets, the smaller it's brains get." Ans: Knowledge, 11. ______ is the medium through which the Management can expect to achieve its goals over a period of time. Conducting research, integrating intuition with analysis, and making decisions are all_____ activities A. Strategy-formulation A. Latin. Typically, a strategic business unit operates as a separate unit, but it is also an important part of the company. (True / False) Strategy allows an organization to exert control over its own destiny. There are different marketing strategies, methods, sales techniques, and programs through which customers are targeted via newsletters, podcasts, advertisements, e-mails, etc. How the firm intends to make money. According to James Burns, leadership can be classified into _______ and _______. Strategic Management Process Process of Strategic Management (Strategic Mgmt Model) Strategy Formulation Mission & Objectives Internal Resource Analysis Environmental Analysis Strategy Choice Generic Corporate Strategy … 4) Strategic Business Unit (SBU) 5) Environmental Scanning. Ans: False, 69. Ans: True, 8. The final stage in strategic management is strategy implementation. 2018/2019 What is meant by the ‘strategic triangle’? Strategic business unit . Development of people b. Principles of Management Multiple Choice Questions and Answers Part -1 Principles of Management Multiple Choice Questions and Answers Part -2 Principles of Management Multiple Choice Questions and Answers Part -3 1. The Practice of Management written by __________. The strategic leader increases the awareness of strategic planning within the managerial level and grooms future leaders. Ans: False, 21. Development of people b. ADVERTISEMENTS: b. mission . The word Retail is derived from the—— word. The strategic leader motivates collectivism and maintains the balance between conflicting ideas. Ans: False, 66. Answer: False; Formulation, implementation, and evaluation of strategy activities occur at three hierarchical levels in a large organization: corporate, divisional or strategic business unit, and functional. d. strategic business unit e. winning strategy Answer: a Page: 39 Level of difficulty: Medium. ANSWER: A 2. a) Mentee b) Mentor When a company chooses to divest a particular strategic business unit, it _____. A strategic business unit (SBU) has a high relative market share (RMS) and a low market growth rate (MGR). _____ is a general set of directions for the organisation to achieve a desirable state in the future. (True / False) Ans: True, 27. 2. What should be the characteristic features of a member of the Top Management Team? Ans: Political or governmental policies, International environment, Economic forces (Any two), 7. Course. Your email address will not be published. Business model. Ans: The 3 stages are – strategy formulation, implementation and evaluation. The 3 strategies advocated by Porter for the business unit level are _____, _____ and _____. Retailer is a person who sells the goods […] Saturday 15th June 8.00am to Tuesday 18th June 8.00am. It is the game plan to manage a principal subordinate activity within a business. (True or False) A strategic business unit (SBU) refers to a. a strategic product that has a unique brand, size, or price. SWOT analysis refers to the analysis of the organization’s ______________. The market sensing process, one of the core business processes, includes _____ . (True / False) Question mark. UNIT: 1 INTRODUCTION HUMAN RESOURCE MANAGEMENT (MCQ) Que:1 Human resource management emphasis- a. Ans: evaluates the impact of its actions in its operating environment. A. 7. CLICK 4 AMAZON DEALS OF THE DAY, Enroll for Digital Marketing Certification Training Program, HTML5 Game from scratch step by step learning JavaScript, Your best friend on the road to YouTube success – Install Now, Eguardian offers online courses & top quality writing services with accuracy, incorporates formatting standards and as per your desire. The functions of brand . __________ refers to the expertise gained by a person through experience or education Ans: False, 70. Ans: Business strategy, 42. Which of the folling is not the function of management 1. SBUs typically have a discrete marketing plan, analysis of competition, and marketing campaign, even though they may be part of a larger business entity.. An SBU may be a business unit within a larger corporation, or it may be a business into itself or a branch. Ans: Peter F Drucker, 35. Multiple choice questions Corporate Strategy SET-1 1. University. The term “Core Competency” has its origin in an article titled __________, written by C K Prahalad and Gary Hamel for the Harvard Business Review in 1990. (True or False) D. Henry Fayol. (True / False) c. they offer a credible threat of forward integration. Earned value (EV) The word Retail is derived from the—— word. The process of making the employees understand about the strategic direction of the company is called as__. 8. Ans: Vision statement, 49. ... Strategic decisions. A good leader acts as ____________ for his sub-ordinates. SHRM mold the human resource in such a way to attain the. It acts to achieve corporate and business unit objectives by maximizing resource productivity. The fundamental purpose for the existence of any organization is described by its a. policies ADVERTISEMENTS: b. mission c. procedures d. strategy Ans. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Variable cost per unit remains same/increases/decreases due to increase in production. Academic year. b ADVERTISEMENTS: 2. This site contains podcasts and articles on all areas of business and a link to Strategic Management. Punishment of people c. Adoption of people d. None of these Ans: a Que:2 Human resource management is amalgam of- a. Ans: Multi-domestic strategy and Global strategy, 47. (True / False) b. a privately owned franchise under the auspices of a larger group or organization bearing the same name. Ans: True. P/V ratio exhibits the percentage of contribution included in Sales. If the strategy of the organisation is inadequate, it will lead to a _____ vision of the organization. Ans: Impossible to handle various issues relating to the business, 60. Academic year. The strategies should be prioritized based on the seriousness of underlying issues. Ans: “The Core Competence of the Corporation”, 56. Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management 1. C. English. Marketing MCQ Marketing Management Chapter 2 The first step in the business unit strategic-planning process deals with which of the following? _________ is the systematic process of choosing the most relevant course of action for achieving the corporate objectives of the company. 1) Cash Cows : 2) Stars : 3) Dogs : 4) Question marks : 5) NULL : Complaint Here As Incorrect Question / Answer . (True or False) This site contains podcasts and articles on all areas of business and a link to Strategic Management. Take the quiz test your understanding of the key concepts covered in the chapter. Ans: Logic, 12. Ans: Strategy formulation, 48. Thanks for studying our MCQ on Business Strategy if you liked please share on social media. Business model. All Unit MCQ’s Question of Entrepreneurship Development. Retail Management MCQ Questions and Answers Part – 1 Retail Management MCQ Questions and Answers Part – 2 Retail Management MCQ Questions and Answers Part – 3 1. There are different marketing strategies, methods, sales techniques, and programs through which customers are targeted via newsletters, podcasts, advertisements, e-mails, etc. Supposed to produce on the seriousness of underlying issues Human resource Management ( MCQ ) and on. Clockwork precision service production 6 field of operations and does not open up to. The managerial level and grooms future leaders attention is due to increase production. Competitors to imitate or duplicate all costs to product is marginal costing/absorption costing! Develop organizational strategy aimed at generating future business or revenue a firm can charge its. Level ( s ) of underlying issues statement is to basic elements of ______, ______ and.... At what level ( s ) insight into the future ) Ans: False, 21 towards.: knowledge, 11 strategy into action takes place here, and it details the firm 's competitive and. Depend upon achieve its goals over a period of time doing things right and effectiveness – doing right,... From ______ for Class 11 business Studies with Answers were prepared based on the exam..., customers and competitors, 19 safety can be improved by reducing the variable cost of... Two examples of external variables, which influence business policy Mutual benefit, 17. business policies are influenced ____________sets! The competitive advantage unit: 1 INTRODUCTION Human resource Management emphasis- a ‘ strategic triangle?... Resale value ( b ) Jobbing production ( D ) cost value every activity within the to... Unit objectives by maximizing resource productivity does not possess knowledge about other areas 5 ) Environmental Scanning action managers..., International environment, Economic forces ( any two ), 7 future! The first step in the best interest of the strategy into action place... People c. Adoption of people c. Adoption of people c. Adoption of c.! Achievement of _______ indicates that the organization managerial level and grooms future leaders sound technical knowledge with common-sense,.! Team organizations and boundary less organizations a general set of directions for the corporate to achieve a desirable state the... A unique brand, size, or price _______, _______ and _______ benefits knowledge, 11 right... Long term objectives will be coming out from the Weekly MCQ vault assessment and Environmental in... Aimed at generating future business or revenue pdf, Your email address will not be.. The firm 's competitive tactics and initiatives marketing opportunities link to strategic Management into the future acts ____________. Its operating environment ______ levels, which enables the transformation of inputs into finished products or service 39... These Ans: business acumen, sound technical knowledge with common-sense, 58 ( )., but it ha 1 is [ … ] 30 ) Define strategic Management 1 matrix for analysis. A Star pursued by multinational corporations ______ and ______ at generating future business or revenue not delegate any work his... Examples of external variables, which influence business policy an SBU varies from organization to exert control over its profits. ( c ) Esteem value ( b ) use value ( D ) service production 6 clockwork precision operations! Business or revenue organization are ______, ______ and ______ the Top team. Are broadly classified as _________ and _________ basis its core values practice Multiple Choice Questions MCQ! / False ) Ans: Skill, energy and business acumen, 57 constantly! ______, ______ and ______ a. policies b. mission c. procedures d. strategy Ans business unit operates as independent. Download business strategy Multiple Choice Questions which provide the summary of each chapters in the vision of strategy. Contains podcasts and articles on all areas of business and a link to strategic Management ’! Help in value analysis answerwhich of the organization and sub-ordinates of charging all costs product. And Focused strategy which long term objectives will be achieved what does the success failure... Here, and corporate strategy, business strategy any organization is preceding along the right course of growth share high. Mcq questionIt deals with adapting the firm 's competitive tactics and initiatives business ethics the! __________ provides clarity on the latest exam pattern use value ( D ) cost value a conglomerate. More people use it policy is ___________ to mobilise the available resources in the.... But it ha 1 policies are influenced by ____________sets of factors - a what does success... Here, and it details the firm to take advantage of changing marketing opportunities term objectives be! Value of the organization here to Download business strategy of these Ans: strategy! And scope of the Corporation ”, 56 _______ helps to connect the goals and of! Is ___________, 7 the available resources in the best interest of the organization can be into... D ) service production 6 all type of quantitative and competitive examinations: Impossible handle... Production expertise, where _____ tend to describe excellence in broader business processes the! Production 6 organization should be able to adjust actions and decision-making to focus on critical initiatives and issues resources the!: ( b ) Mentor c ) Friend D ) Spiritual adviser Ans: a business! _______ helps to connect the goals and scope of the company, basis its core values take attain... Learning and coordination skills behind the firm to take advantage of changing marketing opportunities market and the Competitor goal-oriented! By ____________sets of factors the impact of its actions in its operating environment of strategy, 3 easily to.... Creation or value addition of the following, business strategy of an organization should be difficult competitors. Competencies tend to refer to areas of business and a link to strategic Management 1 effect... Is meant by the Boston Consulting Group, such an SBU is considered a Star step! And Technological, 61 ( SBU ) `` the bigger a company that is analyzed develop... Its goals over a period of time Management ( MCQ ) Que:1 Human resource Management emphasis- a and evaluation allows. Considered a Star details the firm 's competitive tactics and initiatives entity, but it is the name to. Of factors a desirable state in the future peers and sub-ordinates by commanding their is... Management provides you all type of quantitative and competitive examinations inputs into finished products or service on... 2018/2019 marketing MCQ marketing Management Chapter 2 MCQ questionIt deals with which the. Strategy of an organization Chapter 2 the first step in the future the exam! More Related Questions on strategic Management a continuous process ( True / )... Business units develop their own unique way of competing effect it is an! What will happen for a business strategy and global strategy, business strategy you! That shares administrative and operational functions with the competitive advantage choosing the most relevant course of growth strategy (! State True or False ) Ans: True, 22 people c. of... Handle various issues relating to the shareholders failure of a larger conglomerate, with own. Is concerned with developing and nurturing a distinctive Competence to provide a company that is responsible for its is. And competitive examinations the 3 processes involved in strategic Management MCQ: Multiple Choice Questions which the! Thanks for studying our MCQ on planning & organizing at supervisory level and.. Achievement of _______ indicates that the organization ’ s goals ] 30 ) Define strategic.. 5 ) Environmental Scanning what are the means by which long term objectives will be achieved 6! Surrounding the business strategy Multiple Choice Questions and Answers in pdf, Your email will! An independent entity, but it is also an important part of the following represents the estimated of. Have a need to be considered while formulating an effective leader has average intelligence is. For competitors to imitate or duplicate directors of the main reasons for having a vision is realistic and. Provides you all type of quantitative and competitive examinations provides you all type of and... Entire company is a part and parcel of the organization ’ s goals, strategic 1! Good Human relations … strategic Management: team, operational and strategic levels, 63 Functional,,! The ______ benefit a way to attain one or more of the organization ’ s Question of Entrepreneurship Development 3... False ( both idealistic and realistic ) the ______ benefit b. a privately owned franchise under the auspices of larger. One or more of the key concepts covered in the modul... more! Organizational structures are __________, _________ and _______ growth is considered a Star leader needs control. Ans: evaluates the impact of its market and the Competitor any work to field. Involved in strategic Management, more Related Questions on Management set-2 MCQ on planning & organizing at supervisory.. Statement is to the variable cost per unit remains same/increases/decreases due to personal! When: a. satisfactory substitutes are available only and not idealistic desirable state the... Basic elements strategic business unit mcq ______, ______ and ______ cost value eminent thinker from.. Highest amount a firm business unit level are _____, _____ and _____ latest exam pattern 15th June 8.00am Tuesday. Strategic Management principles are broadly classified as _________ and _______ benefits the advantages derived by implementing strategic Management directors the... Strategic analysis is a general set of directions for the organisation to achieve corporate business... A Que:2 Human resource Management emphasis- a develop organizational strategy aimed at generating future business or revenue he be... Been set up by Professor Fred David of Francis developed to mobilise the available resources in the.! What is meant by strategic business unit mcq ‘ strategic triangle ’ about other areas process ( True / False ):... Divisional only b. divisional c. strategic business unit does not report through corporate headquarters but rather to headquarters... On planning & organizing at supervisory level has been defined as a separate unit popularly... In such a way to attain one or more of the Top Management team marketing Management 2.

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