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Group 9 Quiz l Strategic Management Flashcards | StudBud
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Group 9 Quiz l Strategic Management
Group 9 Quiz l Strategic Management
10 terms
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StudBud Administration
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40 plays
Unit 1 & 2
Flashcards
10 cards
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Questions
10
Answers
1
Which of the following is an example of Netflix’s emergent strategy during pandemic?
Introducing data saving mode
Expanding into 136 countries
Removing the free trial subscription services
Create more original content
2
Which of these requires a firm to establish annual objectives, devise policies, and allocate resources?
Strategy Formulation
Strategy Manipulation
Strategy Implementation
Strategy Evaluation
3
Which of the following is not one of Strategic Choices?
Mergers, Acquisitions and alliances
International Strategy
Cultural Strategy
Entrepreneurship and Innovation
4
Which of the following is not an element of VRIO Model?
Rarity
Imagination
Organisational Support
Value
5
Which one of the following is not an element of strategic management process?
Implementing Strategy
Assigning administrative tasks
Formulating Strategy
Evaluating Strategy
6
Anything that a firm does especially well compared to rival firms is referred to as:
Competitive Advantage
Opportunity Cost
An external Opportunity
Comparative Advantage
7
Which of the following is not one of the levels of Strategy Iceberg?
Business
Tactical
Functional
Organisational
8
__________ are the individuals who are most responsible for the success or failure of an organisation.
Operatives
Strategists
Consultants
Ethics Officer
9
Which factors of Threat of New Entrants that would affect the company?
Switching costs
Access to distribution Channels
Capital Requirements
Price Sensitivity
10
What is the definition of Deliberate strategy?
Multiple Choices
High Risk
Precise Intentions
Flexible
