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B

Strategic Management 830001 Sem. - 3

Quiz- 1

ID No.: Marks: 10

(Choose most suitable (Appropriate) answers from the following because for a single wrong answer, you have to pay 0.25 marks) 1. Steps in Strategic management process are a) Environmental Scanning, Strategy formulation, Strategy Implementation, Evaluation and control b) Environmental Scanning, Strategy Implementation, Evaluation and control, Strategy formulation c) Evaluation and control, Strategy formulation, Strategy Implementation, Environmental Scanning, d) Strategy Implementation, Environmental Scanning, Evaluation and control, Strategy formulation 2. I/O Model adopts which perspective a) External b) Internal c) Internal and External both d) None of the above

3. When bargaining power of the Buyer is higher a) Small Number of buyer c) Switching to another product is difficult

b) d)

Large Number of buyer None of the above

4. Threat from the substitute product is high when a) Price of substitute product increase b) Easy for consumer to switch from one substitute to another c) Buyers willing to substitute d) Both A and B e) Both B and C 5. Which activity is not the part of primary activity in Value chain a) Supply chain management b) Operations c) Distribution d) None of the above

Fill in the blanks


1. The goal of SWOT analysis to _________________ the organizations opportunities and strength while ________________ its threats and __________________ its weaknesses. 2. _________________ are the major underlying causes of changing industry and competitive conditions.. 3. Knowledge, trust, managerial capability and organizational routines are the _______________ resources. 4. The value chain shows how a product moves from the ______________ stage to ______________. 5. How do we make money in this business is a ____________________.

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