MGT603 Quiz 2 Solved by Munir | Final Term Preparation
Question 1:
What refers to a strategy of seeking ownership or increased control over a firm’s competitors?Select the correct option.
- Conglomerate diversification
- Backward integration
- Concentric diversification
- Horizontal integration
If the average score of a firm in industry strength (IS) & environmental stability (ES) is +1 & -4, identify the strategic position of a firm while undertaking the SPACE Matrix.
Select the correct option.
- Defensive
- Competitive
- Aggressive
- Conservative
All of the following are the advantages of functional structure of an organization EXCEPT:
Select the correct option.
- Simple and Inexpensive
- Minimizes need for elaborate control system
- Minimizes career development
- Allows for rapid decision making
What refers to a strategy of seeking ownership or increased control over a firm’s competitors?
Select the correct option.
- Conglomerate diversification
- Backward integration
- Concentric diversification
- Horizontal integration
In the SPACE analysis, what does (+6, +3) strategy profile portray?
Select the correct option.
- A stable environment for highly competitive firm
- A strong industry with strong financial strength
- A strong industry operating in stable environment
- A stable environment with strong financial strength
What will be the location of a firm in Grand strategy matrix, if it is operating in rapidly growing market and holds weak competitive position?
Select the correct option.
- Quadrant I
- Quadrant III
- Quadrant IV
- Quadrant II
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Which of the following statement is NOT correct about Just in Time?
Select the correct option.
- It is driven by a series of signals, or Kanban
- Re-order level is determined by existing demand
- New stock is ordered when stock reaches the re-order level
- It reduces the in-process inventory
Which cell of the SWOT Matrix involves matching internal strengths with external opportunities?
Select the correct option.
- The SO cell
- The SW cell
- The ST cell
- The WT cell
- The WO cell
Which of the following are two positive-rated dimensions on SPACE Matrix?
Select the correct option.
- IS and ES
- FS and IS
- FS and CA
- CA and ES
Where an organization is considering development in an existing market with existing products it is pursuing which of the following strategy?
Select the correct option.
- Product development
- Market penetration
- Diversification
- Market development
