1.

The practice of management to permit maximum flexibility among staff and resources
to engage new methods and relationships outside of the competitor “normal”
behaviors is known as
a. Alignment Strategy
b. Corporate Strategy
c. Adaptability Strategy
d. None of these
2. The practice of management to use known methods and find efficiencies by directing
staff to stay in their “lane” is known as
a. Alignment Strategies
b. Adoption Strategies
c. Market Strategy
d. None of these
3. Which of the following is a component of strategic management?
a. Employees
b. Horizon Management
c. Govt. Tax Rates
d. All of these
4. The functional areas of strategic management include
a. Finance
b. Marketing
c. Production & Operation
d. All of these
5. Every promise and every set of promises forming the consideration for each other is
_______
a. Agreement
b. Contract
c. Offer
d. Acceptance
6. The study and accounting of tools, assets and resources (both human and otherwise)
that can be used in the accomplishment of the organization’s goals. This may include
financial, tangible and intangible business values is known as
a. Internal Evaluation
b. External Evaluation
c. Total Evaluation
d. None of these
7. An agreement consists of reciprocal promises between at least
a. 4 Parties
b. 3 Parties
c. 6 Parties
d. 2 Parties
8. …................... Are principles that guide the way that business is conducted in a fair and
professional way
a. Business Ethics
b. Company Mission
c. Company Vision
d. Brand Values
9. ….................... Is the study and inspection of tools, assets and resources (both human
and otherwise) that can be used in the accomplishment of the organization’s goals as
well as competitive threats that may inhibit growth or survival. These may include
financial, tangible and intangible business values.
a. External Evaluation
b. Internal Evaluation
c. Total Evaluation
d. None of these
10. Which of the following is(are) elements of business ethics?
a. Accountability
b. Responsibility
c. Reputation
d. All of these
11. Contract = An agreement + Enforceable by….......
a. Law
b. History
c. Rules
d. All of the above
12. The house that we rent, the electricity that is supplied to us, and the telephone and
television services that we use – all these come to us through
a. Vodiable Contracts
b. Offers & Schemes
c. Contracts
d. None of these
13. According to the Indian Contract Act, 1972 Contracts tainted with illegality or lack of
capacity are
a. Not enforceable
b. Enforceable
c. Conditionally Enforceable
d. None of these
14. A makes a contract with B to beat his business competitor. This is an example of
a. Valid Contract
b. Voidable Contract
c. illegal agreement
d. None of these
15. The evaluation of an organization’s financial, social and environmental performance is
known as the
a. Reputation
b. Market Position
c. Net Profit
d. Triple Bottom Line
16. Which of these is a characteristic of Organizational Values?
a. There has to be a reason behind each value
b. Further the vision, mission, objectives.
c. Should be a catalyst for performance
d. All of these
17. The goal of the organization to care for the well-being of society as a whole is known
as ….....
a. Mission
b. Social Responsibility
c. Motive
d. None of these
18. All steps required to store, stage, ship and track products from operations facility to
the end user are collectively known as …..........
a. Outbound Logistics
b. Transport
c. Cargo
d. None of these
19. The "P" in PESTLE stands for
a. Political
b. Psychological
c. Promotional
d. None of these
20. ….......................is a measure that examines the weighted average of prices of a basket of
consumer goods and services.
a. Inflation
b. Net Exports
c. Net Imports
d. Consumer Price Index
21. Import & Export rules are all part of
a. Fiscal Policy
b. Trade Tariffs
c. Constitution
d. None of these
22. ….....................is an acronym to describe the ever-changing business environment and
world around us as a chaotic situation.
a. ISDC
b. VUCA
c. ECBE
d. None of these
23. Sociocultural Analysis for Business considers ….......
a. Education
b. Age
c. Income
d. All of these
24. …...................is the value of one currency for the purpose of conversion to another.
a. Exchange Rate
b. Trade Tariffs
c. Inflation
d. None of these
25. While studying from a Political Standpoint under PESTLE analysis, which of these
would be considered?
a. Printing of Money
b. Inflation
c. Deflation
d. All of these
26. Which of the following is a component of outbound logistics?
a. Packaging
b. Warehousing
c. Staging
d. All of these
27. VRIO stands for…
a. Valuable, Rare, Inimitable, Organized
b. Valuable, Rare, Inimitable, Ordered
c. Vintage, Rare, Inimitable, Organized
d. Valuable, Ready, Inimitable, Organized
28. The overall increase in sales revenue, units sold or serviced as a mid-life strategy is
known as…....
a. Industry Reach
b. Industry Growth
c. Industry Stagnation
d. None of these
29. A tool that allows a company to understand their position relative to competitors in
the same product or service area is known as …...
a. PESTLE Analysis
b. Porter's 5 Forces
c. VRIO Framework
d. Industry Analysis
30. A known restaurant brand opening a new franchise or location is an example of…..
a. Industry Growth
b. Industry Stagnation
c. Consolidation
d. None of these
31. …............. is a way to evaluate characteristics of the organization and strategically
monitor and link them to performance outcomes.
a. PESTLE Analysis
b. Porter's 5 Forces
c. VRIO Framework
d. None of these
32. Industry Analysis is important because
a. It helps acquire new customers
b. It helps to retain existing customers
c. Option A & B
d. None of these
33. Evaluation of the outlook of a business based on past and present conditions with
respect to the organization and its competitors is called …....................
a. PESTLE Analysis
b. Porter's 5 Forces
c. VRIO Framework
d. Industry Analysis
34.The ability of a particular industry to achieve sales or service in as many
physical locations or other industries is known as …...
a. Industry Reach
b. Industry Growth
c. Industry Stagnation
d. None of these
35. The Ansoff Matrix is based on which two variables?
a. Product & Market
b. Product & Price
c. Market & Price
d. Price & Time
36. The ability of an organization to deliver equivalent value to the competitors, irrelevant
to the chosen competitive values is known as
a. Competitive Parity
b. Monopoly
c. Imperfect Monopoly
d. None of these
37. The 4 Quadrants of the BCG Matrix are denoted by: Cash Cows, Dogs, Stars and ….........
a. Sun
b. Bear
c. Bull
d. Question Mark
38. What do Stars symbolize in BCG matrix?
a. Introduction
b. Growth
c. Maturity
d. Decline
39. Which of the following could be a consideration of 'market development strategy'?
a. Similarities
b. Geography
c. Demographics
d. All of these
40. The expansion of a company or brand to new locations in order to gain new
customers and sales is known as …...............strategy
a. Market Consolidation
b. Market Penetration
c. Market Development
d. None of these
41. Expanding the organization’s capabilities to perform operations normally conducted
by a vendor up the supply chain or another level of business down the supply chain
including retailing is known as which of the following?
a. Horizontal Integration
b. Vertical Integration
c. Diagonal Integration
d. None of these
42. The habit of businesses to sell out to larger business in order to harvest profits, but
leaves fewer and larger organizations behind is better known as…
a. Small Scale Consolidation
b. Competition Consolidation
c. Profit Making Consolidation
d. Large Scale Consolidation
43. The approach or platform for long-term strategic initiatives, usually for revenue
growth or profitability improvement is also known as ….........
a. Corporate Strategies
b. Market Consolidation
c. Industry Reach
d. None of these
44. BCG in the BCG Matrix stands for?
a. Big Competition Grid
b. Business Competition Grid
c. Boston Consulting Group
d. None of these
45. The 3 methods that are a part of Porter’s Model of Generic Business Strategies
are: Overall Cost leadership strategy, Differentiation and…........
a. Product Strategy
b. Factor Strategy
c. Focus strategy
d. None of these
46. The habit of technology reducing human intervention and therefore allowing for fewer
organizations to provide the same level of service or production is better known as
a. Technology Restricted Aggregation
b. Technology Driven Aggregation
c. Reduced Human Effort
d. None of these
47. On what two factors is the GE 9-Cell Matrix based on?
a. Market Attractiveness & Competitive Strength
b. Market Attractiveness & Investment
c. Competitive Strength & Investment
d. None of these
48. The ability to launch a new business with a known competitor product and gain a base
following due to some benefit perceived of the “new” brand over existing brands is
known as ….........
a. Market Growth
b. Market Penetration
c. Consolidation
d. None of these
49. A general tendency for those with more experience to cost less per unit to develop or
produce the output desired is known as
a. Experience Curve Strategy
b. Cost Curve Strategy
c. Output Curve Strategy
d. None of these
50. …...........................is considered a diversified condition when the team looks to expand
beyond minor tweaks but to greater differentiators to meet demographic and
psychographic needs.
a. New Product Development
b. Market Stagnation
c. Market Growth
d. None of these
51. Nissan launching a new line of bigger SUVs is an example of
a. New Product Development
b. Market Stagnation
c. Market Growth
d. None of these