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Question 1
Question
Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies?
Answer
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Input
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Output
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Decision
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Throughput
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Matching
Question 2
Question
Which stage of the strategy-formulation framework includes an IFE Matrix and the Competitive Profile Matrix?
Answer
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Input
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Matching
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Decision
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Penetration
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Research
Question 3
Question
Which matrix is included in the decision stage for the strategy formulation framework?
Answer
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Internal Factor Evaluation (IFE) Matrix
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Quantitative Strategic Planning Matrix (QSPM)
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Boston Consulting Group (BCG) Matrix
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Grand Strategy Matrix
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Strategic Position and Action Evaluation (SPACE) Matrix
Question 4
Question
Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?
Answer
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List the firm's key external threats.
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Match internal strengths with external opportunities, and record the resultant SO strategies in the appropriate cell.
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Match internal strengths with external threaths, and record the resultant ST strategies.
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List the firm's external weaknesses.
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List the firm's external opportunities.
Question 5
Question
Which of these is NOT a SPACE Matrix quadrant?
Answer
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Aggressive
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Defensive
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Competitive
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Offensive
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Conservative
Question 6
Question
In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?
Answer
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X-axis
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Y-axis
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first quadrant
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second quadrant
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third quadrant
Question 7
Question
In the BCG-Matrix, when a division of an organization has a high relative market share and is in a fast-growing industry, it is called a
Answer
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star
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cash cow
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cat
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question mark
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dog
Question 8
Question
In the BCG Matrix, which strategy would be most appropriate for a division classified as a dog?
Answer
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market penetration
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market development
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product development
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retrenchment
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forward integration
Question 9
Question
What analytical tool has four quadrants based on two dimensions: competitive position and market growth?
Answer
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Competitive Profile Matrix (CPM)
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Internal-External (IE) Matrix
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Strategic Position and Action Evaluation (SPACE) Matrix
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Grand Strategy Matrix
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Quantitative Strategic Planning Matrix (QSPM)
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