Page 328 - GMAT 2017b_Neatb

Strategic Management Test

(C) Multi-national 18. The strategy of TATA Motors would be:
(D) Global-local (A) Functional Strategy
(B) Corporate Strategy
12. What does Dog symbolize in BCG matrix?
(C) Business Strategy
(A) Growth
(B) Decline
19. Growth, retrenchment and stability are examples
(C) Maturity
of ______ ?
(D) Introduction
(A) Corporate strategies
(B) Business Strategies
13. What does Stars symbolize in BCG matrix?
(C) Functional Strategies
(A) Growth
(D) None of the above
(B) Decline
(C) Maturity
20. In terms of R&D strategy “Apple” company is
(D) Introduction
most likely to be designated to be following
14. 'Reputation' in the context of an organization's
21. Low cost, Differentiation and Focus are
resources can provide competitive advantage
examples of ?
because:
(A) Corporate strategies
(A) It is difficult to copy
(B) Business Strategies
(B) It is based on word-of-mouth
(C) Functional Strategies
(C) It is a threshold resource
(D) None of the above
(D) It is explicit
22. The word tactic is most likely to be associated
15. A strategic manager that seeks to reach acceptable
with:
profit targets as opposed to making as much profit
(A) Corporate strategy
as possible is making decisions of which type?
(B) Business Strategy
(A) Satisfactory
(C) Operational Strategy
(B) Satisfying
(D) None of the above
(C) Irrational
(D) Optimal
23. In BCG matrix, what is the label of the horizontal
axis?
16. In strategic thinking, how long is the long term,
approximately? (A) Stage in product life cycle
(A)1 to 12 months (B) Market share
(B) 1 to 5 years (C) Industry growth rate
(C) More than 5 years (D) Business strength
(D) None of these (E) Product range
(F) Market growth rate

17. What are stages 2, 3 and 4 of the outline strategy
24. Which of these is not a reason why some firms do
process? not have strategic planning?
(A) Generate options; select strategy; implement (A) Laziness
strategy
(B) Competitive leadership
(B) Strategy selection; strategy implementation;
(C) Honest difference of opinion
strategic control (D) Poor reward structures
(C) Deliberate strategy; emergent strategy;
realized strategy.
(D) Appraisal of strengths and weaknesses; choice
of strategic direction; strategy implementation

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