Strategic Management by Michelle M.

Esperal
Midterm Quiz 1
Completed on Wednesday, 8 November 2023, 2:58 AM
Marks 15.00/15.00
Grade 100.00 out of 100.00

Question 1
It is an analytical process of selection of the best suitable course of
action to meet the organizational objectives and vision.

Strategy Formulation

Question 2
This level concentrates on how an organization is going to grow. It defines daily actions
including allocation of resources to deliver corporate and
business level strategies.

Functional level Strategy

Question 3
___________ is the domain that the business hopes to dominate.

Target Market
Market Place
Customers
Question 4
This is done to estimate the degree of variation between the actual and the standard
performance of an organization.

Performance analysis
Selection of Strategy
Forming quantitative goals

Question 5
This level outlines what you want to achieve: growth, stability, acquisition or retrenchment. It
focuses on what business you are going to enter the market.

Corporate Level Strategy

Question 6
Which is in a proper order?

Functional level, Business level, Corporate level

Corporate level, Functional level, Business level
Corporate level, Business level, Functional level

Question 7
Strategic objectives should not be communicated to the employees to protect the
important information.

True
False

Question 8
Feedback plays a very important role in the evaluation stage, providing the strategists with
insights on how the implemented strategies are faring.

True
False

Question 9
Which of the following is the third step in strategy formulation?

Performance Analysis
Establishing Organizational Objectives
Selection of Strategy
Forming Quantitative Goals

Question 10
They are the end users of the products and services that the company
offers.

Customers

Question 11
Demographic and psychographic factors are the primary indicators considered in defining
the organization’s target market.

True
False

Question 12
Which is not belong in the group?

Functional level
Business management level
Corporate level
Question 13
A self-contained division that provides a product or service for a particular market.

Business unit

Question 14
This level answers the question of how you are going to compete.

Business level Strategy

Question 15
It represents what the organization must achieve in order for it to become competitive – or
to remain competitive – and ensure sustainability of the
business over the long term.

Strategic Objectives