Competitive advantage can best be described as _______
A. Perfect Competition in The Market
B. Advantages of Competition
C. Increased Efficiency of the organisation
D. Stand out the organisation
View Correct Answer
C. Increased Efficiency of the organisation
A typical dictionary will define the word ________ as something that has to do with war and ways to win over enemy.
A. Business
B. Policy
C. Management
D. Strategy
View Correct Answer
D. Strategy
What does Question Mark (?) symbolize in BCG matrix?
A. Remain Diversified
B. Invest
C. Stable
D. Liquidate
View Correct Answer
A. Remain Diversified
Market penetration strategy can be executed by _______
A. Decreasing Prices
B. Increasing Prices
C. Increasing Margin
D. Producing at mass level
View Correct Answer
A. Decreasing Prices
_________ is not one of the elements of strategic management.
A. Formulating strategy
B. Implementation of Strategy
C. Evaluation of Strategy
D. None of the above
View Correct Answer
D. None of the above
What do Cash Cows symbolize in BCG matrix?
A. Remain Diversified
B. Invest
C. Stable
D. Liquidate
View Correct Answer
C. Stable
The acquisition of a business that operates in the same industry is known as _____
A. Internal Integration
B. Horizontal Integration
C. External Integration
D. Vertical Integration
View Correct Answer
B. Horizontal Integration
The foundation of blue ocean strategy is ________
A. Evaluation
B. Creativity
C. Core strength
D. Value Innovation
View Correct Answer
D. Value Innovation
What does Green symbolize in BCG matrix?
A. Invest & Expand
b. Select & Earn
c. Harvest & Divest
d. Both a & b
View Correct Answer
a. Invest & Expand
“V” in VUCA stands for ______
A. Viability
b. Volatility
c. Violent
d. Vicinity
View Correct Answer
b. Volatility