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Business Strategy

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Divestiture in which a corporation creates a new company out of one of its businesses. The new company has its own shares of stock and shareholders - and its own board of directors. Typically - shareholders of the corporation will receive newly iss






2. 1. a graph demonstrating the different positions a firm can adopt in creating value 2. compares value and differentiation (Y) versus high cost to low cost (x)






3. Organizations within an industry with similar strategic characteristics - following similar strategies or competing on similar bases






4. It is based on numeric data that is analyzed with statistic method. 1 Descriptive Statistic 2 Inferential Statistic






5. 1. multinational 2. global 3. transnational






6. Is the means by which a strategy can be pursued.






7. 1 Cost Benefit Analysis 2 Return On Investment 3 Breakeven Analysis 4 Financial Statement Analysis






8. It is a systematic process of gathering and analyzing all relevant data about external opportunities (emerging marketplace - additional capabilities provided through new technology.) and threats (emerging competition - shifts in marketplaces. )






9. 1 Age 2 Gender 3 Generational Difference 4 Geographic shifts in population 5 Ethnicity 6 Unskilled Labor 7 Non traditional labor force






10. 1. talking to competitors - customers - and distributors 2. testing competitors products 3. view competitors exhibits at trade shows






11. A process where a company is bought primarily using debt. Typically engineered by management of the company - or by private equity firms.






12. Is concerned with the ways in which an organization exeeds its minimum obligations to stakeholders specified through regulation.






13. 1 Statement of the problem 2 Objectives 3 Description of potential solution 4 Project Time line 5 Project Metrics.






14. Individuals or groups who depend on an organization to fulfill their own goals and on whom - in turn the organization depends.






15. The choices made through the 4 Ps : Product - Price - Place and Promotion are what makes a product or service unique. This is distinctive blend of marketing decision.






16. 1. improve bidding success 2. identify competitors key customers 3. identify expansion plans 4. improve understanding of competitors






17. It uses data already gathered by others and reported in various sources.






18. It is simple and effective process for collecting information on the organization's current state. It answers four basic question.






19. 1 Financial 2 Human 3 Physical 4 Technological






20. 1 Population 2 Sample 3 Normal Distribution






21. Independent & entrepreneurial - adopts a more flexible approach to their international operations - More sensitive & responsive to local environment






22. Often accompanied by backlogs and scheduling problems while the organization adjusts to increase demands. Policies - procedures and rules should begin to be formalized as organization needs increased structure during this phase to operate effectively






23. New ideas should not be dismissed simply because they originated at a grassroots level. Business innovations developed under these circumstances will create new objectives or modify existing ones and create an overlay of new direction compared to wha






24. 1 Balance Scorecard






25. Acquisition of a company that operates in the same industry using the same value chain.






26. A process and goal: the process: choices regarding acquiring and using scared resources: the goal: maintain and achieving a unique and valuable position in the international market






27. Sell more in existing markets - or enter new markets






28. Is the set of internationalization links and relationships that are necessary to create a product or service.






29. Ensure that organization's strategy and operations are consistent with each other






30. Organization become entrenched in rules and policies and leadership become resistant to change. series of efforts to turn the tide such as product enhancement or cost reduction programs. If unsuccessful in these then will focus on reducing workforce






31. Those product features with which a organization must outperform the competition because they are particularly valued by a group of customers.






32. Suppliers - buyers - competitive rivalry - product substitutes and potential entrants; reinforces the importance of economic theory; analytical tool of previously lacking the field of strategy; determines the nature/level of competition and profit






33. Identifies stakeholder expectations and power and helps in understanding political priorities.






34. Risk associated with a particular business.






35. Risk associated with macro-economic forces.






36. 1. choose a viable position on efficiency frontier 2. configure its internal ops to support the chosen position 3.ensure firm has the right orginizational structure in place to execute its strategy






37. Specific - Measurable - Attainable - Realistic - Timely






38. Is part of an organization for which there is a distinct external market for goods or services that is different from another SBU






39. The underlying principles that guide an organization's strategy






40. A process where a large group of shareholders vote in new members to the board of directors - with the result that the new board can make changes in the company's management.






41. The central focus of the department is the provision of goods and services to the customer. Basically this department must ensure that the product/service is produced and delivered to the customer.






42. Cut costs - add value - or increase prices






43. These strategies attempt to set the product or service apart form its competition by giving it unique characteristic that customers value and for which they will be willing to pay a premium price.






44. 1 The rule is proposed 2 Public comment is invited 3 The final rule is issued






45. Comparing similar functional firms in your industry






46. 1 Introduction 2 Growth 3 Maturity 4 Decline






47. It can be defined as principles of conduct within an organization that guide decision making and behavior.






48. The benefits that develop through the extension and application of corporate resources to a newly acquired company.






49. When a corporation reduces its level of diversification and strategically refocuses on core businesses where the synergies of scope - economizing - and leverage are more evident and more easily realized.






50. When a corporation can take synergistic advantage of relationships with suppliers and/or customers in making an acquisition.







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