Business Strategy
Business Strategy Questions
Question: 01
What else must a company have besides an advantage in order to succeed in the long term?
a. Sustainability b. Solid management c. Open communication d. Loyal shareholders
Question: 02
What is the simplest way to make sure that a plan is launched and completed by all parties involved?
a. Threaten the project leaders with layoffs if they do not perform. b. Give excessive compensation to the leaders. c. Allow people to run the planning process whichever way they want regardless of its effectiveness. d. Create a simple project plan with specific deliverables.
Question: 03
How does a firm prioritize which threats to their business would be most damaging?
a. It considers all threats equally damaging. b. It weighs the probability of the event occurring and how it will impact the business. c. It looks at the threats which have impacted other companies and assumes that they will impact them also the extent of damages. d. It considers only those threats damaging which impact employee morale.
Question: 04
What are the three levels of competitors?
a. Direct, Indirect, Substitute b. Market, Governmental, Jurisdictional c. Makers of the same product, Makers of a similar product, Makers of a different product d. Situational, Substitutional, Governmental
Question: 05
Which of the following is a reason for the failure of a strategic plan?
a. The management was 100% above board. b. The plan looked at past successes and failures while planning for the future. c. The mission statement was only two sentences long. d. It was not communicated to everyone who needed to know.
Question: 06
What is a SWOT Analysis?
a. An analysis of the company 's financial performance over the last year b. A list of standard operating
Question: 01
What else must a company have besides an advantage in order to succeed in the long term?
a. Sustainability b. Solid management c. Open communication d. Loyal shareholders
Question: 02
What is the simplest way to make sure that a plan is launched and completed by all parties involved?
a. Threaten the project leaders with layoffs if they do not perform. b. Give excessive compensation to the leaders. c. Allow people to run the planning process whichever way they want regardless of its effectiveness. d. Create a simple project plan with specific deliverables.
Question: 03
How does a firm prioritize which threats to their business would be most damaging?
a. It considers all threats equally damaging. b. It weighs the probability of the event occurring and how it will impact the business. c. It looks at the threats which have impacted other companies and assumes that they will impact them also the extent of damages. d. It considers only those threats damaging which impact employee morale.
Question: 04
What are the three levels of competitors?
a. Direct, Indirect, Substitute b. Market, Governmental, Jurisdictional c. Makers of the same product, Makers of a similar product, Makers of a different product d. Situational, Substitutional, Governmental
Question: 05
Which of the following is a reason for the failure of a strategic plan?
a. The management was 100% above board. b. The plan looked at past successes and failures while planning for the future. c. The mission statement was only two sentences long. d. It was not communicated to everyone who needed to know.
Question: 06
What is a SWOT Analysis?
a. An analysis of the company 's financial performance over the last year b. A list of standard operating