Category 1
What does QSPM stand for? (100pts)
A. Quantitative Strategic Planning Matrix
B. Qualitative Strategic Planning Method
C. Quantitative Strategy Performance Model
D. Quality Strategic Planning Matrix
Answer: A. Quantitative Strategic Planning Matrix
A business wants to evaluate its internal strengths and weaknesses, as well as external opportunities and threats, before developing a new strategy. Which strategic analysis should management perform?
A. PESTLE
B. TOWS
C. QSPM
D. SWOT
Answer: D. SWOT
Which strategy makes products or services unique and distinct?
A. Cost Approach
B. Differentiation Approach
C. Focus Approach
D. Defensive Approach
B. Differentiation Approach
What practice involves gathering, analyzing, and distributing vast information about competitors to identify risks before making major decisions?
A. Competitive Intelligence
B. Market Research
C. Internal Audit
D. Benchmarking
Answer: A. Competitive Intelligence
Which stage of the comprehensive strategy-formulation framework is called the Input Stage?
A. Stage 4
B. Stage 3
C. Stage 2
D. Stage 1
Answer: D. Stage 1
Which of the following is NOT part of the Stage 2 Matching Stage?
A. SWOT Matrix
B. SPACE Matrix
C. QSPM
D. BCG Matrix
ANSWER: C. QSPM
Which sequence correctly represents the three stages of the Comprehensive Strategy-Formulation Framework?
A. Decision → Input → Matching
B. Matching → Input → Decision
C. Input → Matching → Decision
D. Input → Decision → Matching
Answer: C. Input → Matching → Decision
hich of the following are the two power strategies?
A. Cost and Focus
B. SWOT and SPACE
C. Horizontal and Vertical Integration
D. Forward and Backward Integration
Answer: C. Horizontal and Vertical Integration
Which SWOT strategy aims to improve internal weaknesses by taking advantage of external opportunities?
A. SO
B. WO
C. ST
D. WT
Answer: B. WO
Which SWOT strategy uses internal strengths to take advantage of external opportunities?
A. WO
B. WT
C. ST
D. SO
Answer: D. SO
In the SPACE Matrix, which two dimensions represent the internal axis of an organization?
A. Stability Position (SP) and Industry Position (IP)
B. Financial Position (FP) and Competitive Position (CP)
C. Financial Position (FP) and Industry Position (IP)
D. Stability Position (SP) and Competitive Position (CP)
Answer: B. Financial Position (FP) and Competitive Position (CP)
A company purchases its suppliers to reduce dependency. What strategy is this?
A. Forward Integration
B. Horizontal Integration
C. Backward Integration
D. Focus Strategy
C. Backward Integration
A company has strong financial resources and a strong competitive position. Which two dimensions of the SPACE Matrix are being described?
A. SP and IP
B. FP and CP
C. IFE and EFE
D. Market Share and Growth Rate
Answer: B. FP and CP
Which of the following correctly identifies the Five Powers of P?
A. Position, Power, Potential, Performance, Progress
B. Position, Power, Pace, Potential, Performance
C. Power, Pace, Productivity, Potential, Performance
D. Position, Pace, Potential, Productivity, Performance
Answer: B. Position, Power, Pace, Potential, Performance
Which matrix uses Financial Position, Competitive Position, Stability Position, and Industry Position?
A. BCG Matrix
B. IE Matrix
C. SPACE Matrix
D. SWOT Matrix
C. SPACE Matrix
Enumerate Michael Porter’s three basic competitive approaches in strategic management.
Osct Ptroaccha
Tionraifefedni
AopparchCsuof Aporach
Answer: Cost Approach, Differentiation Approach, and Focus Approach
A strategist has already completed the Stage 1 analysis and generated several feasible alternative strategies using Stage 2 matrices. Which stage should be used to objectively evaluate and select among those alternatives?
Sicdeion Gaste
Answer: Decision Stage
A strategist wants to summarize the basic input information needed to formulate strategies before generating alternative strategies. Which stage should be completed first?
Nptiu Gteas
Answer: Input Stage
In the SPACE Matrix, variables under which dimensions are assigned values ranging from +1 (worst) to +7 (best)?
Nacifnial Nositipo dan Yrdnitsu Oitipsno
Answer: Financial position(FP) and Industry Postion(IP)
In the Internal-External (IE) Matrix, what is the prescribed strategy for divisions that fall into cells III, V, or VII?
Lhod Dna Naitmian
Answer: Hold and maintain
What are the two power strategies?
Answer: Horizontal and Vertical Integration
What SWOT strategy is described as a defensive tactic directed at reducing internal weakness and avoiding external threats?
Answer: Weakness-Threats(WT)
Which technique is used in Stage 3 to objectively evaluate feasible alternative strategies?
Answer: QSPM
What type of vertical integration strategy focuses on purchasing or gaining control over suppliers to reduce dependency?
Answer: Backward Integration
Which BCG quadrant represents a division with high relative market share but low industry growth?
Answer: Quadrant III or Cash Cow