Easy
What does QSPM stand for?
A. Quantitative Strategic Planning Matrix
B. Qualitative Strategic Planning Method
C. Quantitative Strategy Performance Model
D. Quality Strategic Planning Matrix
A. Quantitative Strategic Planning Matrix
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
D. Stage 1
Which SWOT strategy aims to improve internal weaknesses by taking advantage of external opportunities?
A. SO
B. WO
C. ST
D. WT
B. WO
What are the two power strategies?
Horizontal and Vertical Integration
A division has a high relative market share, but the industry in which it competes has low growth. Which classification applies?
Cash Cow
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. SWOTD. SWOT
Which of the following is NOT part of the Stage 2 Matching Stage?
A. SWOT Matrix
B. SPACE Matrix
C. QSPM
D. BCG Matrix
C. QSPM
Which SWOT strategy uses internal strengths to take advantage of external opportunities?
A. WO
B. WT
C. ST
D. SO
D. SO
What SWOT strategy is described as a defensive tactic directed at reducing internal weakness and avoiding external threats?
Weakness-Threats
Which BCG category represents an organization's best long-run opportunities for growth and profitability?
Stars
Which strategy makes products or services unique and distinct?
A. Cost Approach
B. Differentiation Approach
C. Focus Approach
D. Defensive Approach
B. Differentiation Approach
Which 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
C. Horizontal and Vertical 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
B. FP and CP
Which technique is used in Stage 3 to objectively evaluate feasible alternative strategies?
QSPM
An organization has an IFE score of 2.80. How is its internal position classified?
Average
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
C. Input→ Matching → Decision
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)
B. Financial Position (FP) and Competitive Position (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
B. Position, Power, Pace, Potential, Performance
What type of vertical integration strategy focuses on purchasing or gaining control over suppliers to reduce dependency?
Backward Integration
A strategist wants to summarize the basic input information needed to formulate strategies before generating alternative strategies. Which stage should be completed first?
Input Stage
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
A. Competitive Intelligence
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
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
Which BCG quadrant represents a division with high relative market share but low industry growth?
Quadrant III or Cash Cow
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?
Decision Stage