MGT603 Quiz# 4

 

Question # 10 of 10 ( Start time: 10:21:39 PM )            Total Marks: 1

Of the following, which one would NOT be considered one of the components of a mission statement?

Select correct option:

            The target market for XYZ is oil and gas producers as well as producers of chemicals

            XYZ shall hire only those individuals who have with sufficient educational levels so as to be of benefit to our customers

            The customers of XYZ shall include global and local consumers of gas and oil products and domestic users of nontoxic chemicals

            The technologies utilized by XYZ shall focus upon development of alternative sources of gas and oil so as to remain competitive within the industry

Question # 9 of 10 ( Start time: 10:21:10 PM ) Total Marks: 1

Which of the following is not a key question that can reveal internal strengths and weaknesses of the marketing department? 

Select correct option:

            Does the firm have an effective sales organization?

            Are markets segmented effectively?

            Are the firm’s products and services priced appropriately?

            Does the firm have good liquidity?

Question # 8 of 10 ( Start time: 10:19:42 PM ) Total Marks: 1

Which stage of the "Strategy Formulation Framework" includes an External Factor Evaluation Matrix and a Competitive Profile Matrix?

Select correct option:

            Input stage

            Output stage

            Matching stage

            Decision stage

Question # 7 of 10 ( Start time: 10:19:08 PM ) Total Marks: 1

Financial ratios are helpful in analyzing the relationship among which of the following?

Select correct option:

            All assets and liabilities

            Profits and costs

            All functional areas of business

            Sales and profitability

Question # 6 of 10 ( Start time: 10:18:41 PM ) Total Marks: 1

All of the following are included in the five functions of the management process EXCEPT:

Select correct option:

            Planning

            Organizing

            Leading

            Delegating

Question # 5 of 10 ( Start time: 10:18:11 PM ) Total Marks: 1

Which of the followings best describes the Horizontal integration?

Select correct option:

            A firm takes over a supplier

            A firm takes over a distributor

            A firm takes over a competitor

            A firm takes over a manufacturer

Question # 4 of 10 ( Start time: 10:16:45 PM ) Total Marks: 1

All of the following would be considered as weaknesses to a business EXCEPT:

Select correct option:

            Maturing markets

            Limited industry expertise

            Brand name

            Limited financial resources

Question # 3 of 10 ( Start time: 10:15:35 PM ) Total Marks: 1

In Competitive Profile Matrix, the rating 4 indicates what?

Select correct option:

            Major weakness

            Major strength

            Minor strength

            Minor weakness

Question # 2 of 10 ( Start time: 10:14:28 PM ) Total Marks: 1

Choose the economic variable from the list.

Select correct option:

            Attitudes toward business

            Attitudes toward product quality

            Population changes by race

            Stock market trends

While preparing an External Factor Evaluation matrix, a total score of 0.8 indicates what?

Select correct option:

            Firm is taking advantages of strengths and avoiding threats

            Firm is not taking advantages of opportunities and is avoiding threats

            Firm is not taking advantages of opportunities and is not avoiding threats

            Firm is taking advantage of opportunities and is avoiding the threats

Other Quiz

Which of the following identified that “strategic management encourages forward thinking, favorable attitudes towards change and discipline to the management of business”?
Select correct option:
Greeley
Greenly
Greenley
Greenwich

Which of the following can be the weakness of an organization?
Select correct option:
Price war
Poor location of business
Increased trade barriers
Innovative substitute product


A joining of two companies through one company buying more than one half of the other company's stocks is known as:
Select correct option:
Monopolization
A spin-off
An acquisition
A merger


Assigning rating 3 to an internal factor in IFE matrix indicates what?
Select correct option:
Major weakness
Minor weakness
Minor strength
Major strength



Which of the following are two positive-rated dimensions on SPACE Matrix?
Select correct option:
FS and CA
CA and ES
FS and IS
IS and ES

Which of the following is NOT included in the strategic management model?
Select correct option:
Measure and evaluate performance.
Perform internal research to identify customers.
Establish long-term objectives.
Develop mission and vision statements.


While preparing an External Factor Evaluation matrix, a total score of 0.8 indicates what?
Select correct option:
Firm is taking advantages of strengths and avoiding threats
Firm is not taking advantages of opportunities and is avoiding threats
Firm is not taking advantages of opportunities and is not avoiding threats
Firm is taking advantage of opportunities and is avoiding the threats


st marketing is commonly applied by which of the following companies?
Select correct option:
Industrial goods companies
Consumer goods companies
Public sector companies
Private sector companies






sec(s)
Question # 9 of 10 ( Start time: 12:13:02 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

Developing a vision and a mission statement is important because of the following reasons EXCEPT:
Select correct option:
They are useful for large firms only
They establish organizational culture
They are the basis for allocating resources
They translate objectives into work structure

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