Iibm - Strategic Management

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Strategic Management

Q1. These are the plans formulated to achieve strategic goals.

a. Tactical plans

b. Strategic plans

c. Operational plans

d. Standing plans

Q2. This strategy facilities specialization by establishing a position of overall cost leadership, differentiation, or both, but only within a particular segment, in an entire market.

a. Specific

b. Focus

c. Directive

d. Differentiation

Q3. This plan basically defines the actions of major departments and other sub-units that are required in the execution of a strategic plan.

a. Tactical plan

b. Operational plan

c. Single-use plan

d. Long-term plan

Q4. This is a distinctive business or collection of related business, that can be managed relatively independent of other businesses within the organization

a. Functional unit

b. Department unit

c. Organizational unit

d. Strategic business unit

Q5. These strategic plans of the organization have a time-frame exceeding five years.

a. Short-terms plans

b. Single-use plans

c. Long-term plans

d. Intermediate plans

Q6. Operational plans are mainly oriented towards issues that usually have a time horizon of

a. About five years

b. 3 to 5 years

c. 1 to 2 years

d. One year or less

Q7. These refer to the determination of the purpose and the basic long-term objectives of an enterprise, and the adoption of courses of action and allocation of resources necessary to achieve these aims.

a. Strategies

b. Plans

c. Policies

d. Procedures

Q8. These strategies provide guidelines for organizational growth

a. Organizational

b. Finance

c. Marketing

d. Growth

Q9. There are the three major kinds of standing plans: policies, rules, and

a. Projects

b. Programs

c....