. Please give all answer if do not leave for another person to do all question.
ID: 393072 • Letter: #
Question
.
Please give all answer if do not leave for another person to do all question.
Explanation / Answer
1. Innovation is not a part of 3BL.
Answer: Option a
2. Employee motivation and incentives is not a part of strategic management
Answer: Option d
3. The final phase of strategic management is Strategy evaluation and strategic management.
Answer: Option d
4. Steep analysis is used to analyse the external forces which may impact the business. Some of such forces are social forces, environmental forces, technological forces, etc.
Answer: Option a
5. Exit barriers make it difficult for a company to exit an industry.
Answer: Option b
6. Switching cost is an effective entry barrier for new companies to enter the market.
Answer: Option a
7. Local communities are the primary stakeholders for a company.
Answer: Option a
8. Mission is the purpose or reason for the organization’s existence.
Answer: option b
9. Both A and B are the primary goals of strategic management.
Answer: Option c
10. Globalization has considerably changed he way modern corporation do business.
Answer: Option a
11. Innovation describes any products, services, methods and organizational approaches that allow the business to achieve extraordinary returns.
Answer: Option a
12. As strategic management is involved in external environment analysis, it helps in improving the understanding of a rapidly changing environment.
Answer: Option a
13. Strategic management is formulated to achieve organizational vision.
Answer: Option b
14. Vision describes what the organization would like to become.
Answer: Option b
15. Scan and assess the internal corporate environment is he first step of strategic decision making.
Answer: Option a
16. The first level of strategic planning is Corporate.
Answer: Option b
17.Imitability indicates the possibility of copying by competitors.
Answer: Option c
18. Sustainability does facilitate the triple bottom line.
Answer: Option a
19. Strategy triggers something that demands change in strategy.
Answer: option b
20. Customer is primary stakeholder for a company.
Answer: option a
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