{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

12e_TB_Chap_1

Strategic Management: Creating Competitive Advantages

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 01 - Strategic Management Chapter 01 Strategic Management Multiple Choice Questions 1. (p. 3) Which of the following is an element of a firm's remote external environment? A. Competition B. Suppliers C. Government agencies D. Economic and social conditions Difficulty: Easy Learning Objective: 1 2. (p. 3) Which of the following is NOT a part of a firm's immediate external environment? Difficulty: Easy Learning Objective: 1 3. (p. 3) The immediate external environment includes: Difficulty: Easy Learning Objective: 1 1-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 01 - Strategic Management 4. (p. 3) The _______ comprises economic and social conditions, political priorities and technological developments, all of which must be anticipated, monitored, assessed and incorporated into the executive's decision making. Difficulty: Easy Learning Objective: 1 5. (p. 3) The set of decisions and actions resulting in the formulation and implementation of plans designed to achieve a company's objectives is defined as: A. Strategic policy B. Business policy C. Strategic management D. Tactics Difficulty: Medium Learning Objective: 2 6. (p. 3) Strategic management compromises nine critical tasks. Which of the following is NOT one of the tasks? Difficulty: Medium Learning Objective: 2 1-2
Background image of page 2
Chapter 01 - Strategic Management 7. (p. 4) Strategic management involves the _____, directing, _____ and controlling of a company's strategy-related decisions and actions. Difficulty: Medium Learning Objective: 2 8. (p.4) Large-scale, future-oriented plans, for interacting with the competitive environment to achieve company objectives refers to its Difficulty: Easy Learning Objective: 2 9. (p. 4) A strategy is a company's A. Game plan B. Pricing policy C. Value statement D. Long-term objective Difficulty: Easy Learning Objective: 2 1-3
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 01 - Strategic Management
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}