MGT603 QUIZ NO 3

Question # 1 of 15 ( Start time: 06:53:45 PM ) Total Marks: 1
The analysis of industry’s major competitors’ strengths may give an insight of which one of these?
Select correct option:

Key threats for the firm
Key opportunities for the firm
Both opportunities and strengths for the firm
None of the given options

Question # 2 of 15 ( Start time: 06:55:00 PM ) Total Marks: 1
The process of monitoring performance, comparing it with goals, and correcting any significant deviations is known as:
Select correct option:

Planning
Organizing
Leading
Controlling

Question # 3 of 15 ( Start time: 06:56:25 PM ) Total Marks: 1
Which of the follwoing are the guidelines of decision making?
Select correct option:

Laws
Rules
Policies
Goals

Question # 4 of 15 ( Start time: 06:56:44 PM ) Total Marks: 1
Which of the following depicts the signs of strength of a company's competitive position?
Select correct option:

A debt-to-asset ratio below 0.50 and higher EPS.
A website with extensive information about the company and its product line.
An annual R&D and advertising expenditures greater than $10 million.
A strongly differentiated product, a strong or rising market share.

Question # 5 of 15 ( Start time: 06:58:08 PM ) Total Marks: 1
Which of the following can reveal the demographic characteristics of an organization’s customers?
Select correct option:

Customer profiling
Test marketing
Market development
The vision statement

Question # 6 of 15 ( Start time: 06:58:38 PM ) Total Marks: 1
Which one of the following strategies is referred as presenting products, often with a little or no modification, to customers in related marketing areas?
Select correct option:

Market development
Market penetration
Horizontal integration
Product development

Question # 7 of 15 ( Start time: 06:59:54 PM ) Total Marks: 1
Which one variable falls under the category of the Social, Cultural, Demographic, and Environmental Variable?
Select correct option:

Propensity of people to spend
Buying habits
Level of disposable income
Income differences by region

Question # 8 of 15 ( Start time: 07:01:17 PM ) Total Marks: 1
Which of the following directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costs?
Select correct option:

Marketing
Opportunity analysis
Research and development
Management

Question # 9 of 15 ( Start time: 07:01:51 PM ) Total Marks: 1
Which of the following is one of the Political, Governmental & legal factors?
Select correct option:

Ethical concerns
Traffic congestion
Lobbying activities
Average level of education

Question # 10 of 15 ( Start time: 07:02:31 PM ) Total Marks: 1
Which management function includes breaking tasks into jobs, combining jobs to form departments and delegating authority?
Select correct option:

Motivating
Staffing
Organizing
Planning

Question # 11 of 15 ( Start time: 07:03:06 PM ) Total Marks: 1
Which strategy seeks to increase market share of present products or services in present markets through greater marketing efforts?
Select correct option:

Market penetration
Market development
Backward integration
Product development

Question # 12 of 15 ( Start time: 07:04:00 PM ) Total Marks: 1
Where an organization takes into account the effect of its strategic decisions on the society, the firm is taking care of which of these?
Select correct option:

Corporate governance
Business policy
Business ethics
Social policy

Question # 13 of 15 ( Start time: 07:04:32 PM ) Total Marks: 1
Total weighted scores of IFE matrix below 2.5 characterizes an organizations as:
Select correct option:

Organization is externally weak
Organization is internally weak
Organization is internally strong
Organization is externally strong

Question # 15 of 15 ( Start time: 07:05:21 PM ) Total Marks: 1
Where an organization is considering development in an existing market with existing products it is pursuing which of the following strategy?
Select correct option:

Diversification
Market development
Market penetration
Product development

Question # 1 of 15 ( Start time: 07:08:20 PM ) Total Marks: 1
A firm should practice Joint Venture strategy in which of the following cases?
Select correct option:

When the SPACE matrix vector lies in defensive quadrant
When the SPACE matrix vector lies in aggressive quadrant
When the SPACE matrix vector lies in conservative quadrant
When the SPACE matrix vector lies in competitive quadrant

Question # 2 of 15 ( Start time: 07:08:34 PM ) Total Marks: 1
Din Mohammad, a farmer sells his crops at the local market rather than to a distribution center. This action of Din Mohammad comes under which of the following?
Select correct option:

Backward integration
Product development
Forward integration
Horizontal integration

Question # 3 of 15 ( Start time: 07:08:48 PM ) Total Marks: 1
Which group would be classified as a stakeholder?
Select correct option:

Communities
Banks
Suppliers
All of the given options

Question # 4 of 15 ( Start time: 07:09:04 PM ) Total Marks: 1
Which management function includes breaking tasks into jobs, combining jobs to form departments and delegating authority?
Select correct option:

Motivating
Staffing
Organizing
Planning

Question # 5 of 15 ( Start time: 07:09:16 PM ) Total Marks: 1
Which one of the following strategies is referred as presenting products, often with a little or no modification, to customers in related marketing areas?
Select correct option:

Market development
Market penetration
Horizontal integration
Product development

Question # 6 of 15 ( Start time: 07:10:08 PM ) Total Marks: 1
Which of the following can be best described as short-term in nature?
Select correct option:

Mission statements
Annual objectives
Strategies
Vision statement

Question # 7 of 15 ( Start time: 07:10:21 PM ) Total Marks: 1
The social factors that affect a firm involve all of the following EXCEPT:
Select correct option:

Attitudes of people in the external environment
Lifestyles of people
Per capita income
Values and beliefs of persons outside the firm

Question # 8 of 15 ( Start time: 07:11:03 PM ) Total Marks: 1
Which of the following is a strategy in which companies create a co-owned business that operates for their mutual benefit?
Select correct option:

Retrenchment
Divestiture
Joint venture
Liquidation

Question # 9 of 15 ( Start time: 07:11:49 PM ) Total Marks: 1
All of the following are functional support roles of Management Information System EXCEPT:
Select correct option:

Recording and storing accounting records
Recording and storing inventory data
Recording and storing business intelligence data
The enhanced ability to explore "what if"

Question # 10 of 15 ( Start time: 07:12:06 PM ) Total Marks: 1
Which of the following depicts the signs of strength of a company's competitive position?
Select correct option:

A debt-to-asset ratio below 0.50 and higher EPS.
A website with extensive information about the company and its product line.
An annual R&D and advertising expenditures greater than $10 million.
A strongly differentiated product, a strong or rising market share.

Question # 11 of 15 ( Start time: 07:12:19 PM ) Total Marks: 1
Total weighted scores of IFE matrix below 2.5 characterizes an organizations as:
Select correct option:

Organization is externally weak
Organization is internally weak
Organization is internally strong
Organization is externally strong

Question # 12 of 15 ( Start time: 07:12:29 PM ) Total Marks: 1
When the Chief Executive of a chain of pharmacies decided to sell off or close some of the locations that were not profitable, he was performing which of the management function?
Select correct option:

Leading
Planning
Controlling
Organizing

Question # 13 of 15 ( Start time: 07:13:04 PM ) Total Marks: 1
In order to avoid the emergence of substitute products, AF & Z Corporation has obtained an access and control over the scarce natural resources necessary to produce their products. Thus, which of the following strategies is being practiced by AF & Z Corporation?
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SO Strategy
WO Strategy
SW Strategy
ST Strategy

Question # 14 of 15 ( Start time: 07:14:17 PM ) Total Marks: 1
All of the following statements are true about a firm’s mission statement EXPECT:
Select correct option:

A mission statement does not directly contribute positively to financial performance.
A mission statement directly contributes positively to financial performance.
A mission statement should not provide useful criteria for selecting among alternative strategies.
Primary reason to develop a mission statement is not to attract the customers

Question # 15 of 15 ( Start time: 07:14:43 PM ) Total Marks: 1
Which of the following best describes this statement; “a Systematic and ethical process for gathering and analyzing information about the competition’s activities and general business trends to further a business’ own goals”?
Select correct option:

External assessment
Industry analysis
Competitive intelligence program
Business ethics