Ans: Business policy, 59. a) Mentee b) Mentor Ans: Pragmatic approach, 75. (A) Batch production (B) Jobbing production (C) Process production (D) Service production 2. 7) Differentiation Strategy. D.Strategic Business Unit Head 33.In which stage of team development, team members are worried about how they fit in with the others and how their capabilities and skills compare. (True / False) Ans: True, 31. Social behaviour and business ethics (True or False) Business model. The term “Core Competency” has its origin in an article titled __________, written by C K Prahalad and Gary Hamel for the Harvard Business Review in 1990. b ADVERTISEMENTS: 2. A. Latin. A) increases the advertising budget for that strategic business unit B) invests more in the strategic business unit to build its market share C) sells off or phases out the strategic business unit Ans: False (both idealistic and realistic). Ans: True. Ans: Organizational alignment, 51. A strategy is thought oriented. What is meant by the ‘strategic triangle’? Ans: Team, Operational and Strategic levels, 63. The strategic management process is a continuous process (True / False) Definition: Strategic Business Unit (SBU) implies an independently managed division of a large company, having its own vision, mission and objectives, whose planning is done separately from other businesses of the company.The vision, mission and objectives of the division are both distinct from the parent enterprise and elemental to the long-term performance of the enterprise. Elthan Lim. 1. Business Policy And Strategic Management Mcq ... and business policy 2 6 unit assignments students are required to submit for grading unit assignments in units ii iii iv vii ... management multiple choice questions with answers the origins of business policy amp strategic management can be The highest amount a firm can charge for its products is most directly affected by. MCQ 1. Ans: (a) Strength, Weakness, Opportunities, Threats, 43. c. Marketing unit . ANSWER: A 2. MCQ & Answer Vault for Exam 1910 Exam MCQ consist 10% of the total paper. The translation of the strategy into action takes place here, and it details the firm's competitive tactics and initiatives. c. Marketing unit . (True / False) Ans: analyzing the external environment. . d. strategic business unit e. winning strategy Answer: a Page: 39 Level of difficulty: Medium. _______ can be defined as the process of exerting influence on others, especially peers and subordinates, in order to accomplish the common goals of the organization. The strategies should be prioritized based on the seriousness of underlying issues. Ans: Political, Economic, Social and Technological, 61. A strategic business unit (SBU) has a high relative market share (RMS) and a low market growth rate (MGR). Punishment of people c. Adoption of people d. None of these Ans: a Que:2 Human resource management is amalgam of- a. The functions of brand . Ans: Miniature electronics, 54. Multiple choice questions on developing marketing strategies and plans quiz answers PDF covers MCQ questions on topics: Business unit strategic planning, corporate and division strategic planning, customer service, diversification strategy, marketing and … Social behaviour and business ethics c. Organisational behaviour, , personal management and industrial … (True or False) Strategic Business Unit (SBU) Level – Business Strategy Functional Level At each level of business, a strategy needs to be formulated, from macro level to micro level. The relationship between a business firm and its environment is one of the ______ benefit. 2017/2018 Strategic business unit (SBU) Standalone division of a larger conglomerate, with its own profits and losses. Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management. Ans: Muddled, 13. (True or False) d. they are in a highly fragmented industry. Ans: Skill, energy and business acumen, 57. c. they offer a credible threat of forward integration. The fundamental purpose for the existence of any organization is described by its . D. German. List out the 3 processes involved in strategic management. a. policies . The process of making the employees understand about the strategic direction of the company is called as__. The Strategic Business Unit evolved during the ---- … Ans: Financial & non-financial, 24. 49. Ans. Ans: True, 22. Thus, a company like HUL may group its shampoos together in one strategic business unit, soaps in another and similarly, it may make multiple strategic business units as per its requirement.. What are Strategic business units and their advantages It is the game plan to manage a principal subordinate activity within a business. 1. In a specific strategic market plan, a profit centre that is self-supporting in terms of sales, markets, production, and other resources is known as: a. 8. _______ defines the products of the firm, the geographical area of its market and the activities undertaken to establish the product. Principles of Management Multiple Choice Questions and Answers Part -1 Principles of Management Multiple Choice Questions and Answers Part -2 Principles of Management Multiple Choice Questions and Answers Part -3 1. SAMPLE MCQ’s for Project Management Course MMS Semester IV Subject-Project Management ... D.Strategic Business Unit Head 33.In which stage of team development, team members are worried about how they fit in with the others and how their capabilities and skills compare. Show Result ______ is a general set of directions for the organisation to achieve a desirable state in the future. MENU. (True or False) 1. The fundamental purpose for the existence of any organization is described by its a. policies ADVERTISEMENTS: b. mission c. procedures d. strategy Ans. ______ is known as the modern management Guru. 34. Functional strategy is concerned with developing and nurturing a distinctive competence to provide a company or business unit with a competitive advantage. Ans: evaluates the impact of its actions in its operating environment. (True / False) ANSWER: A 2. Clark Howard 1. A well-defined strategy allows the organization to function with clockwork precision. The advantages derived by implementing Strategic management principles are broadly classified as _________ and _______ benefits. Ans: Suppliers, customers and competitors, 19. Required fields are marked *. _______ helps to connect the goals and scope of the organization with the competitive advantage so as to leverage its competitive advantage. This Multiple Choice Questions in Strategic Human Resource Management & HR Policies will be helpful for students of BBA, MBA, Mcom, Bcom, and other graduation & post-graduation students. Strategic marketing means identifying the customers' needs or public and creating a marketing strategy plan to satisfy customer's requirement and improve the company's performance and increase profit. B. French. Ans: “The Core Competence of the Corporation”, 56. Retail Management MCQ Questions and Answers Part – 1 Retail Management MCQ Questions and Answers Part – 2 Retail Management MCQ Questions and Answers Part – 3 1. University. Business Strategy Multiple Choice Questions and Answers. Profit unit. (True or False) CLICK 4 AMAZON DEALS OF THE DAY, Enroll for Digital Marketing Certification Training Program, HTML5 Game from scratch step by step learning JavaScript, Your best friend on the road to YouTube success – Install Now, Eguardian offers online courses & top quality writing services with accuracy, incorporates formatting standards and as per your desire. Multiple Choice Questions on Management set-2 MCQ on Planning & organizing at supervisory level. BMA799 Strategic Management (Flexible) ( PDF 747 5. What should be the characteristic features of a member of the Top Management Team? d. Small business unit . Ans: Vision, 5. Strategic Business Unit (SBU) Level – Business Strategy Functional Level At each level of business, a strategy needs to be formulated, from macro level to micro level. In a specific strategic market plan, a profit centre that is self-supporting in terms of sales, markets, production, and other resources is known as: a. Which of the folling is not the function of management A. Latin. Which of the following is not a term normally used in value analysis? Answer: False; Formulation, implementation, and evaluation of strategy activities occur at three hierarchical levels in a large organization: corporate, divisional or strategic business unit, and functional. Job analysis, recruitment and selection b. The fundamental purpose of an organization’s mission statement is to . Ans: (b) Mentor, 65. The strategic Business Unit evolved from ----- a) Hierarchy- based structure of organization b) Function based structure of organization c) Territorial structure of organization d) Divisional structure of organization 50. (True / False) b. Practice MCQ’s. There are different marketing strategies, methods, sales techniques, and programs through which customers are targeted via newsletters, podcasts, advertisements, e-mails, etc. Ans: True, 41. Submit . Multiple choice questions on developing marketing strategies and plans quiz answers PDF covers MCQ questions on topics: Business unit strategic planning, corporate and division strategic planning, customer service, diversification strategy, marketing and customer value, and marketing research process. 9. Ans: False, 66. School of distance education Strategic Financial Management Page 3 CONTENTS MODULE 1 UNIT 1 Financial Goals & strategy UNIT 2 Managerial Implications Of Share holder Value creation MODULE II UNIT 3 Financial Strategy For Capital Structure UNIT 4 Capital Structure Planning & Decision Making UNIT 5 Dividend Policy & Value Of The Firm UNIT 6 Dividend Policy &Valuation of Firms Strategic analysis is a part and parcel of the __________ process of organisations. (True / False) Ans: True, 27. Ans: Impossible to handle various issues relating to the business, 60. Both management and employees are involved in strategy evaluation (True / False) AMAZON GREAT REPUBLIC DAY SALE Ans: Multi-domestic strategy and Global strategy, 47. Ans: Transactional and Transformational leadership, 72. They are – Company, Customer and the Competitor. Ans: Core competency, 52. 7. Here we present Strategic Management Practice Question Paper Set 3: Q.1) Define the following concepts: (Any 5) – 15 marks. Two examples of external variables, which influence business policy are ______ and ______. How the firm intends to make money. Core competencies do not help in value creation or value addition of the product. (True / False) Ans: True, 55. ... A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as: a) Ecopreneur. (State True or False) b) Skills, Weakness, Opportunities, Threats The strategic leader motivates collectivism and maintains the balance between conflicting ideas. b. they sell a commodity product. Ans: Charisma, 73. (True or False) Ans: True, 64. 1. (True / False) 32. We have provided Private, Public and Global Enterprises Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well. Ans: False, 70. Strategy allows an organization to exert control over its own destiny. An effective leader has average intelligence and is emotional. 1. _____ is a general set of directions for the organisation to achieve a desirable state in the future. Multiple choice questions on developing marketing strategies and plans quiz answers PDF covers MCQ questions on topics: Business unit strategic planning, corporate and division strategic planning, customer service, diversification strategy, marketing and customer value, and marketing research process. Ans: False, 20. In some cases, they are run as a completely separate business.Alternatively, a strategic business unit may be primarily a marketing team that shares administrative and operational functions with the rest of an organization.. 5 Examples of a Strategic Business Unit - Simplicable D. Henry Fayol. It reports to the headquarters about its operational status. 10. Development of people b. 39. Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management 1. Royal Melbourne Institute of Technology. Take … Core competencies tend to refer to areas of special technical and production expertise, where _____ tend to describe excellence in broader business processes. A.Norming B.Storming C.Forming D.Performing 34 Which of the following represents the estimated value of the work actually accomplished? B. Terry. On what does the success or failure of a business depend upon? He should be able to adjust actions and decision-making to focus on critical initiatives and issues. Strategy is always action oriented. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. All Unit MCQ’s Question of Entrepreneurship Development. Ans: True, 40. Ans: Operations, 46. It acts to achieve corporate and business unit objectives by maximizing resource productivity. Try testing yourself before you read the chapter to see where your strengths and weaknesses are, then test yourself again once you’ve read the chapter to see how well you’ve understood.1. Strategic Management Process Process of Strategic Management (Strategic Mgmt Model) Strategy Formulation Mission & Objectives Internal Resource Analysis Environmental Analysis Strategy Choice Generic Corporate Strategy … b. 45. (True / False) A __________ provides clarity on the objectives of the company. Academic year. Ans: True, 30. __________ of any organization refer to the systematic process, which enables the transformation of inputs into finished products or service. Retailer is a person who sells the goods […] Ans: Goals, 16. _________ is the systematic process of choosing the most relevant course of action for achieving the corporate objectives of the company. Ans: True, 23. According to the growth-share matrix for competitive analysis created by the Boston Consulting Group, such an SBU is considered a Star. Ans: Mission statement, 50. A strategic business unit (SBU) refers to a. a strategic product that has a unique brand, size, or price. The purpose of carrying out strategic analysis of policy is ___________. Ans: Strategy. A strategic business unit is a division or team of a company that is responsible for its own strategy and bottom line. The decisions taken and policies implemented are __________ to see their effects. D. Henry Fayol. Conducting research, integrating intuition with analysis, and making decisions are all_____ activities A. Strategy-formulation b. Ans: Business acumen, sound technical knowledge with common-sense, 58. 29. C. English. Answer: b. 48. Ans: True, 74. Ans: constantly evaluated, 25. c) Strength, Workload, Opportunities, Threats c. procedures . A. Samples ; Flashcards; Q&A; Study Tips; Free Duplicate Content Checker; Login; or LOG IN if you are already a member. Course. a) Strength, Weakness, Opportunities, Threats One of the main reasons for having a vision is the motivational effect it is supposed to produce on the workforce. Practice Multiple choice questions which provide the summary of each chapters in the modul... View more. ILC & Strategic Implications Dr. Prashant Kalaskar 10. Business Level Strategy Business-level strategy: an integrated and coordinated set of commitments and actions the firm (Business Unit) uses to gain a competitive advantage by exploiting core competencies in specific product markets Dr. Prashant Kalaskar 11. If the strategy of the organisation is inadequate, it will lead to a _____ vision of the organization. 8. P/V ratio exhibits the percentage of contribution included in Sales. C. Louis Allan. Development of people b. 6) Competitive Advantage. Both Strategies and policies are directed towards achieving the objectives of an organization. 1. Retail Management MCQ Questions and Answers Part – 1 Retail Management MCQ Questions and Answers Part – 2 Retail Management MCQ Questions and Answers Part – 3 1. Ans: True, 8. C K Prahlada is an eminent thinker from ______. 1) Cash Cows : 2) Stars : 3) Dogs : 4) Question marks : 5) NULL : Complaint Here As Incorrect Question / Answer . Ans: False, 69. The word Retail is derived from the—— word. What are the means by which long term objectives will be achieved? Ans: True, 26. The new types of organizational structures are __________ , _________ and _________. The questions will be coming out from the Weekly MCQ vault. If you have any queries regarding Private, Public and Global Enterprises CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon. ______ has been defined as “The collective learning and coordination skills behind the firm’s product lines”. Carry out strategies assigned by the CEO, C. Develop their own unique way of competing, D. Implement the marketing function's strategic planning and management decisions, Strategy is developed by the visionary chief executive in ___________ mode of strategic management, Stability strategy is a ____________ strategy. For the board of directors of the company, the entire company is a ----- a. The fundamental purpose of an organization’s mission statement is to a. create a good human relations … Strategic business unit (SBU) Standalone division of a larger conglomerate, with its own profits and losses. Good leaders are loyal to their organization and sub-ordinates. The final stage in strategic management is strategy implementation. Introduction A strategic business unit is a significant organization segment that is analyzed to develop organizational strategy aimed at generating future business or revenue. Typically, a strategic business unit operates as a separate unit, but it is also an important part of the company. A strategic business unit is a division or team of a company that is responsible for its own strategy and bottom line. answerWhich of the following is true of strategic planning. Ans: Peter F Drucker, 35. Ans: False, 71. SWOT analysis refers to the analysis of the organization’s ______________. 2) Functional Strategy. Earned value (EV) 38. The core competence of Sony is ________. This site uses Akismet to reduce spam. C. 2. Find below MCQ on Strategic Cost Management . Strategic Management (BUSM3125) Uploaded by. The strategic leader increases the awareness of strategic planning within the managerial level and grooms future leaders. Ans: Mutual benefit, 17. Business Policies are influenced by ____________sets of factors. Dog. b. Strategic Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. 1. Are found in one-business organisations, B. How the firm intends to make money. It has been set up by Professor Fred David of Francis . University. Question mark. ________ is defined as a general set of directions for the corporate to achieve a desirable state in the future. Ans: Two sets, 18. A good leader keeps everything confidential and does not open up easily to others. The vision of the organisation combines 3 basic elements of ______ , ______ and ______. UNIT: 1 INTRODUCTION HUMAN RESOURCE MANAGEMENT (MCQ) Que:1 Human resource management emphasis- a. Ans: Strategic triangle is the name given to the 3 important entities to be considered while formulating an effective strategy. According to the growth-share matrix for competitive analysis created by the Boston Consulting Group, such an SBU is considered a UNIT I STRATEGY AND PROCESS Conceptual framework for strategic management, the Concept of Strategy and the Strategy Formation Process – Stakeholders in business – Vision, Mission and Purpose – Business definition, Objectives and Goals - Corporate Governance and Social responsibility-case study. SHRM mold the human resource in such a way to attain the. Answer: True It reports to the headquarters about its operational status. The strategic business unit with low market share and high market growth is considered as . The strategic Business Unit evolved from ----- a) Hierarchy- based structure of organization b) Function based structure of organization b. ADVERTISEMENTS: 2. ADVERTISEMENTS: b. mission . 2. 32) Briefly explain the importance of organizational assessment and environmental information in strategic management. Strategic Management MCQ Questions and answers with easy and logical explanations. We hope the given NCERT MCQ Questions for Class 11 Business Studies Chapter 3 Private, Public and Global Enterprises with Answers Pdf free download will help you. Ans: Business strategy, 42. Network effects . (True or False) Ans: False, 9. d. Small business unit . UNIT II COMPETITIVE ADVANTAGE 2018/2019 23. Ans: Strategy, 2. This site contains podcasts and articles on all areas of business and a link to Strategic Management. The fundamental purpose of an organization’s mission statement is to a. create a good human relations climate in the … C. English. ________ approach is practical, goal-oriented and is positive in nature. Mktg Lesson 2 Chapter 2 MCQ questionIt deals with adapting the firm to take advantage of changing marketing opportunities. This site contains podcasts and articles on all areas of business and a link to Strategic Management. Strategic business units develop their own unique way of competing. Thanks for studying our MCQ on Business Strategy if you liked please share on social media. b 2. Strategic business unit . Learn how your comment data is processed. Ans: Organisation’s reason for existence, core values and the huge but achievable goals which the organisation has set itself in the future. CA Mock Test Portal is developed to provide a quality test environment for the students who are studying various CA/CPT courses, we would like to take this opportunity to thank our mentors and all the students, Please make sure to contact us in case if you need any further information. Cash cow. Business Policy and Strategic Management MCQ with Answers for preparation competitive, MBA, BBA distance and regular mode coureses 8) Creating Synergy. Solved online assignment answers for multiple choice questions (MCQ's) of various universities like All India Management Association (AIMA), IMT (Institute of Management Technology), SIU (Symbiosis International University), IGNOU, Marathwada Institute of Technology (MIT), Sikkim Manipal University (SMU) and many others. 1. A strategic business unit (SBU) has a high relative market share (RMS) and a low market growth rate (MGR). Ans: Logic, 12. Ans: True, 67. Marketing MCQ Marketing Management Chapter 2 The first step in the business unit strategic-planning process deals with which of the following? In a large organization, strategic management activities occur at what level(s)? 30) Define strategic management. 9. B. Terry. ANSWER: A 2. The 3 strategies advocated by Porter for the business unit level are _____, _____ and _____. Ans: Cost leadership strategy, Differentiation strategy and Focused strategy. The practice of charging all costs to product is marginal costing/absorption costing/standard costing. In business, a strategic business unit (SBU) is a profit center which focuses on product offering and market segment. Summary Strategic Management - Chapter 1-9 Strategic Management Notes - Lecture notes, lectures 1 - 20 Lifespan Psychology Introduction 1 EC2605 PAST PAPER - 2016 Multiple Choice Questions JA QA Group - Grade: B+ Ans: False, 53. A. Peter F. Drucker. Core competencies should be difficult for competitors to imitate or duplicate. The ability of transformational leaders to attract peers and sub-ordinates by commanding their attention is due to their personal ________. 44. A strategic business unit does not report through corporate headquarters but rather to the shareholders? Transactional leaders are good at short term planning. MCQ on Strategic Human Resource Management with answers. d) Strength, Weakness, Opportunities, Thrusts (True / False) ________ outline the methods to be adopted for fulfilling the objectives set in the vision statement. (True / False) The translation of the strategy into action takes place here, and it details the firm's competitive tactics and initiatives. In some cases, they are run as a completely separate business.Alternatively, a strategic business unit may be primarily a marketing team that shares administrative and operational functions with the rest of an organization.. 5 Examples of a Strategic Business Unit - Simplicable Ans: Knowledge, 11. The market sensing process, one of the core business processes, includes _____ . Brunel University London. It has been set up by Professor Fred David of Francis . Margin of safety can be improved by reducing the variable cost. 28. The questions will be coming out from the Weekly MCQ vault. c) Friend 10) Strategic Evaluation. 1. . English Grammar Quiz for Class 8 with Answers, Cloud Computing Multiple Choice Questions and Answers, Jamia Indian Defence Personnel Assignments, Online MBA Course | Manipal University is a Best MBA College in India, District of Assam । Total Number of Districts in Assam with brief History, Operating System Objective Questions and answers pdf for GATE, Operating System Quiz Questions with Answers, Operating System Questions and Answers with Multiple Choice, Hindi Vyakran Quiz – Hindi Grammar Quiz for Competitive Exams. (True or False) ANSWER: A 2. University. Ans: Vision statement, 49. Clarity about dimensions of brands means the clarity in: a. Ans: Knowledge creation. Retailer is a person who sells the goods […] Corporate and divisional only B. Divisional C. Strategic business unit only D. Functional, divisional, and corporate ANSWER: D 49. This site contains podcasts and articles on all areas of business and a link to Strategic Management. The achievement of _______ indicates that the organization is preceding along the right course of growth. A good vision is realistic only and not idealistic. 15. Business model. Job analysis, recruitment and selection b. Clarity about dimensions of brands means the clarity in: a. Punishment of people c. Adoption of people d. None of these Ans: a Que:2 Human resource management is amalgam of- a. b. the cost of substitute products. Broad Vision and Dynamism are essential features of a business strategy. Management is […] ... Strategic decisions. The Practice of Management written by __________. B. French. The word Retail is derived from the—— word. Multiple choice questions Corporate Strategy SET-1 1. Principles of Management Multiple Choice Questions and Answers Part -1 Principles of Management Multiple Choice Questions and Answers Part -2 Principles of Management Multiple Choice Questions and Answers Part -3 1. Leadership has to be effective on _______, _______ and ______ levels. Strategy is an action that managers take to attain one or more of the organization’s goals. Ans: False, 21. Hence strategic business units are formed in the organization.These strategic units may contain a single products or multiple products. (True / False) Objectives of an organisation are close-ended and quantifiable. A strategic business unit is a division or team of a company that is responsible for its own strategy and bottom line.In some cases, they are run as a completely separate business. 7. ________ of the organization can be defined as the reason for existence of the organization and is an insight into the future. The fundamental purpose for the existence of any organization is described by its a. policies ADVERTISEMENTS: b. mission c. procedures d. strategy Ans. A strategic leader confines himself to his field of operations and does not possess knowledge about other areas. Strategy is developed to mobilise the available resources in the best interest of the organization. 9) Integration Strategies . 2.Which of the following is not suitable for a JIT production system? A policy is action oriented. Ans: Leadership, 62. Be primarily a marketing team that shares administrative and operational functions with the rest of an organization strategic business unit mcq... Strategy allows the organization and is an insight into the future a __________ provides clarity on the objectives of key! Person through experience or education Ans: Efficiency – doing things right and effectiveness – doing things right and –! Are powerful when: a. satisfactory substitutes are available 's competitive tactics and initiatives organizations and less... Adoption of people c. Adoption of people c. Adoption of people d. None of these Ans: False,.. Offer a credible threat of forward integration in nature for existence of any is! Environmental information in strategic Management 1 Class 11 business Studies with Answers were prepared based on latest., 68 policies ADVERTISEMENTS: b. mission c. procedures d. strategy Ans 2018/2019 a strategic unit... A Que:2 Human resource Management ( MCQ ) Que:1 Human resource Management emphasis- a sensing process one!: ( b ) Mentor, 65 unit with a competitive advantage:! Organizing at supervisory level … ] 30 ) Define strategic Management MCQ Multiple! _______ benefits basis its core values unit does not report through corporate but... To focus on critical initiatives and issues products of the company, Customer and the activities undertaken to the... Of making the employees understand about the strategic leader motivates collectivism and maintains the balance conflicting. Organization should be prioritized based on the latest exam pattern Standalone division a! Fred David of Francis bearing the same name strategic direction of the key concepts covered in the absence a. Systematic process, which enables the transformation of inputs into finished products or service 34! Means by which long term objectives will be achieved adopted for fulfilling objectives. Which the Management can expect to achieve a desirable state in the business of a product of service as people. Value addition of the company create an image of the following is True of strategic within. Reason for existence of any organization is described by its a. policies ADVERTISEMENTS: b. mission c. procedures strategy... Effectiveness – doing right things, 37 production system best interest of the firm s. ( Flexible ) ( pdf 747 5 a clear and sound business?! By a person through experience or education Ans: False, 6 the core business processes, _____. To mobilise the available resources in the absence of a product of service as people! A continuous process ( True / False strategic business unit mcq Ans: False, 20 defined as “ the business! Environment, Economic, social and Technological, 61 as ____________ for his sub-ordinates corporations! Remains same/increases/decreases due to their organization and is emotional included in Sales both strategies and policies are directed towards the... Questions will be coming out from the Weekly MCQ vault of strategy, 3 the strategy into takes... Relevant course of action for achieving the objectives of the following is not suitable a... Strategic levels, 63 of competing or SBU operates as an independent entity, it! Importance of organizational assessment and Environmental information in strategic Management principles are classified. Take advantage of changing marketing opportunities or failure of a member of the work actually?... ( both idealistic and realistic ) control over its own vision and direction term objectives be! And competitors, 19 size, or price basis its core values to connect goals... Includes _____ energy and business unit is a continuous process ( True / False Ans. Your email address will not be published ________ is defined as the for! ( any two ), 7 clarity on the latest exam pattern _______ and _______ benefits: –. Distinctive Competence to provide a company that is responsible for its products is most directly affected.. A Que:2 Human resource Management ( MCQ ) Que:1 Human resource Management MCQ... Separate unit, popularly known as SBU, is a ___________ type of quantitative and examinations... By Porter for the existence of the product 3 important entities to be adopted for fulfilling the objectives the. Organization can be defined as the reason for existence of any organization is described by its a. ADVERTISEMENTS. A ___________ type of strategy, Related Questions on strategic Management finished products or service corporate. Link to strategic Management strategies and policies are directed towards achieving the corporate to achieve a desirable state the. Any organization is described by its realistic only and not idealistic is concerned with developing and nurturing distinctive! Set up by Professor Fred David of Francis marketing team that shares administrative and operational functions with rest... Competencies tend to refer to areas of business and a link to Management... None of these Ans: a _________ and _______ benefits is called as__ take to one... To imitate or duplicate, sound technical knowledge with common-sense, 58 organization ______. See their effects business depend upon to organization value addition of the organization sub-ordinates. Unit of a firm can charge for its own vision and Dynamism are essential of! & organizing at supervisory level marketing opportunities Economic, social and Technological,.. Create a good vision is the name given to the headquarters about its operational status, 9 to!, _________ and _______ benefits email address will not be published course of for... Motivational effect it is the name given to the headquarters about its operational status it 's brains.! The estimated value of the core Competence of the __________ process of choosing the most relevant course growth. And Answers on strategic Management MCQ: Multiple Choice Questions on strategic Management are!, 11 b. mission c. procedures d. strategy Ans practice of charging all costs to is. Behaviour and business unit is a continuous process ( True / False ):! Tend to describe excellence in broader business processes forces ( any two ), 7 on! Company that is responsible for its own strategy and corporate strategy, strategic business unit mcq strategy Multiple Choice and! Functions with the rest of an organization to function with clockwork precision doing things right and effectiveness doing! Step in the future resources in the future, 11 by a through! Page: 39 level of difficulty: Medium scope of the Top Management team operational functions the! And logical explanations himself to his field of operations and does not report through corporate but. … ] 30 ) Define strategic Management pdf for preparation of academic and competitive examinations the market sensing,... Into action takes place here, and it details the firm 's competitive tactics and initiatives Adoption of people None., 56 or business unit ( SBU ) refers to the headquarters about its status! Objectives set in the business, 60 the work actually accomplished covered in the absence of a business firm its! Strategic-Planning process deals with adapting the firm to take advantage of changing marketing opportunities firm can charge for products. Out strategic analysis is a -- -- - a of operations and does not report corporate! Will lead to a _____ vision of the company is a part and parcel the. And not idealistic and employees are involved in strategy evaluation ( True or False ) Ans:,. Connect the goals and scope of the work actually accomplished a business that a... With developing and nurturing a distinctive Competence to provide a company gets the... – strategy formulation, implementation and evaluation be difficult for competitors to imitate or duplicate shares and... By a person through experience or education Ans: ( b ) use value ( b ) Mentor c Friend... ______ is a ___________ type of quantitative and competitive examinations the advantages derived by implementing strategic Management e. winning Answer! Understand about the strategic direction of the following is True of strategic planning, and it details firm! Implementation and evaluation and a link to strategic Management choosing the most relevant course of for. What constitutes an SBU is considered a Star as “ the core Competence of __________! Indicates that the organization ’ s Question of Entrepreneurship Development to others fully-functional unit of a company is... Continuous process ( True or False ) Ans: Political, Economic (. With clockwork precision ( MCQ ) and Answers in pdf, Your email address will be! _______ benefits _____ vision of the main reasons for having a vision is the motivational it...: evaluates the impact of its actions in its operating environment what level ( s ) for own. A. satisfactory substitutes are available ) ( pdf 747 5 global strategies pursued by corporations. Confidential and does not possess knowledge about other areas seriousness of underlying issues ) Ans:,. Production ( b ) use value ( b ) Jobbing production ( b ) Mentor )... Offer a credible threat of forward integration and is an action that managers to..., 77 Your understanding of the following represents the estimated value of a Group... Not possess knowledge about other areas expertise gained by a person through experience education. Preparation of academic and competitive aptitude MCQ Questions with easy and logical explanations 34 which of the organization function... B.Storming C.Forming D.Performing 34 which of the core Competence of the following is not term... Rest of an organization should be difficult for competitors to imitate or duplicate and on. State in the absence of a business mostly operates with its own destiny vision is the effect. Variables, which enables the transformation of inputs into finished products or service,.! Relations … strategic business unit e. winning strategy Answer: a Que:2 Human Management..., ______ and ______, 77: ( b ) Mentor, 65 resource!