Midterm Exam Questions Strat. Management PDF

1. **Which of the following disciplines is integrated into strategic management?**\ A. Finance\ B. Marketing\ C. Operations\ D. All of the above 2. **What does \'tactics\' refer to in strategic management?**\ A. Day-to-day activities of an organization\ B. Broad long-t...

1. **Which of the following disciplines is integrated into strategic management?**\ A. Finance\ B. Marketing\ C. Operations\ D. All of the above 2. **What does \'tactics\' refer to in strategic management?**\ A. Day-to-day activities of an organization\ B. Broad long-term goals\ C. Specific actions to implement strategy\ D. Employee motivation techniques 3. **What is strategic management primarily concerned with?**\ A. Short-term financial goals\ B. Managing day-to-day operations\ C. Formulating, implementing, and evaluating cross-functional decisions\ D. Employee training programs 4. **What is a major challenge faced during strategic implementation in the Philippines?**\ A. Lack of qualified workforce\ B. Infrastructure limitations and natural disasters\ C. High taxes and inflation\ D. Cultural resistance to technology 5. **In the Philippine setting, what value is often emphasized in business strategies?**\ A. Profit maximization\ B. Bayanihan (community cooperation) C. Innovation at all costs\ D. Aggressive marketing 6. **Strategic formulation in the Philippines must balance which two objectives?**\ A. Short-term financial goals and long-term sustainability\ B. Employee benefits and customer satisfaction\ C. Market share and supply chain efficiency\ D. Export revenues and product innovation 7. **In the context of strategic management in the Philippines, which of the following external factors is crucial for environmental scanning?**\ A. Consumer behavior\ B. Regulatory frameworks\ C. Political shifts\ D. All of the above 8. **What role does cultural integration play in strategic management in the Philippines?**\ A. It helps build strong relationships with customers and employees.\ B. It ensures product quality meets international standards.\ C. It reduces costs associated with production.\ D. It limits the need for regulatory compliance. 9. **Why is strategic evaluation important in the Philippines?**\ A. It focuses on competitor analysis only.\ B. It assesses the social and financial impact of strategies.\ C. It replaces the need for strategic implementation.\ D. It focuses solely on employee satisfaction. 10. **Which of the following best defines \'strategy\' in strategic management?**\ A. Daily tasks performed by employees\ B. Overarching plan for long-term goals\ C. Marketing campaigns for short-term promotions\ D. Financial performance reports 11. **Which Philippine business sector faces particular logistical challenges due to the country's geographic conditions?**\ A. Services\ B. Agriculture\ C. Banking\ D. Telecommunications 12. **How do Filipino companies incorporate \'malasakit\' in their business strategies?**\ A. By focusing on profit maximization\ B. By fostering compassion and empathy within the organization\ C. By ignoring external cultural values\ D. By prioritizing speed over quality in service delivery 13. **Which of the following is an example of an objective in strategic management?**\ A. \"To develop 5,000 new affordable housing units by 2026.\"\ B. \"To be the leading brand in customer satisfaction.\"\ C. \"To connect every Filipino to the digital world.\"\ D. \"To provide excellent customer service every day.\" 14. **What does \'vision\' refer to in an organization?**\ A. A company\'s daily goals\ B. Long-term aspirations within local and global markets\ C. A company's quarterly financial objectives\ D. Marketing strategies for new products 15. **What is the primary purpose of environmental scanning in strategic management?**\ A. To monitor employee performance\ B. To analyze external trends that may impact business operations\ C. To optimize internal communication\ D. To increase short-term profitability 16. **A mission statement in strategic management serves to:**\ A. Reflect a company\'s long-term financial goals\ B. Express its purpose and the value it provides to stakeholders\ C. Predict future economic trends\ D. Describe the tactical actions of the company 17. **What is the importance of financial performance metrics in strategic evaluation?**\ A. They are the only criteria to measure success.\ B. They determine the need for layoffs.\ C. They assess the financial impact of the strategies.\ D. They help adjust the company's mission and vision statements. 18. **Which of the following is a core challenge in the strategic implementation phase in the Philippines?**\ A. High employee turnover\ B. Political stability\ C. Supply chain disruptions caused by natural disasters\ D. Lack of foreign investment 19. **In which functional area does strategic management involve the most coordination?**\ A. Human resources\ B. Marketing\ C. Operations\ D. All of the above 20. **How do companies in the Philippines typically respond to the dynamic local business environment?**\ A. By reducing costs and minimizing investments\ B. By continuously updating their strategies based on external factors\ C. By focusing only on domestic competition\ D. By maintaining the same strategies regardless of change 21. **Which of the following is a potential benefit of a successful differentiation strategy?**\ A. High volume sales at low prices\ B. Strong brand loyalty\ C. Low costs of production\ D. Limited market reach 22. **Which of the following best describes the cost leadership strategy?**\ A. Charging premium prices\ B. Being the lowest-cost producer in the industry\ C. Offering unique features at a high price\ D. Focusing on a niche market 23. **Which of the following is NOT a source of competitive advantage?**\ A. Superior product quality\ B. Higher operational costs\ C. Brand loyalty\ D. Unique technology 24. **An example of a company that uses cost leadership strategy is:**\ A. Apple\ B. Walmart\ C. Rolex\ D. Starbucks 25. **What is a competitive advantage?**\ A. Being the most expensive in the market\ B. Offering a unique value to customers\ C. Providing equal services to competitors\ D. Competing only on price 26. **A company's competitive advantage is considered sustainable if:**\ A. It can easily be copied by competitors\ B. It has high customer loyalty\ C. It leads to lower employee satisfaction\ D. It is based on high advertising expenditure 27. **A risk associated with a differentiation strategy is:**\ A. High customer acquisition cost\ B. Being outperformed on price by cost leaders\ C. Limited customer loyalty\ D. Not having any unique features 28. **The Blue Ocean Strategy involves:**\ A. Competing in an overcrowded market\ B. Creating new market spaces with minimal competition\ C. Following competitors' strategies closely\ D. Focusing on reducing costs only 29. **Which of the following is a risk of cost leadership?**\ A. Losing focus on product quality\ B. Having too many unique features\ C. Charging too high a price\ D. Focusing on customer service over efficiency 30. **The differentiation strategy involves:**\ A. Offering lower prices than competitors\ B. Offering unique attributes that distinguish the product\ C. Targeting a specific niche market\ D. Providing limited customer service 31. **Which of the following is NOT a component of the PESTEL analysis?**\ A. Political\ B. Environmental\ C. Technological\ D. Financial 32. **A primary goal of the Blue Ocean Strategy is to:**\ A. Increase production costs\ B. Focus only on existing customers\ C. Make competition irrelevant\ D. Compete head-to-head with market leaders 33. **Which strategy encourages eliminating unnecessary features and emphasizing unique value in untapped markets?**\ A. Differentiation\ B. Focus\ C. Cost leadership\ D. Blue Ocean Strategy 34. **In PESTEL analysis, which factor would cover issues like tax policies, trade restrictions, and government stability?**\ A. Economic\ B. Political\ C. Social\ D. Technological 35. **A company that provides a unique, high-quality product for a narrow market segment is likely using:**\ A. Cost leadership\ B. Broad differentiation\ C. Focused differentiation\ D. Blue Ocean Strategy 36. **Which of the following factors in PESTEL analysis is most likely to consider shifts in customer lifestyle and demographics?**\ A. Political\ B. Economic\ C. Social\ D. Environmental 37. **In PESTEL analysis, rapid advancements in artificial intelligence and automation would be considered under which factor?**\ A. Technological\ B. Economic\ C. Political\ D. Legal 38. **Which of the following is NOT associated with Blue Ocean Strategy?**\ A. Value innovation\ B. Creating a new demand\ C. Targeting highly competitive markets\ D. Reducing customer pain points 39. **If a company is evaluating the impact of climate change and carbon emissions regulations, which part of the PESTEL analysis is it focusing on?**\ A. Political\ B. Environmental\ C. Legal\ D. Social 40. **Which of the following is NOT one of Porter's Five Forces?**\ A. Threat of new entrants\ B. Threat of substitute products\ C. Internal rivalry within the company\ D. Bargaining power of suppliers 41. **Which of the following would increase the bargaining power of buyers?**\ A. There are only a few buyers in the market\ B. Products are highly differentiated\ C. High switching costs for buyers\ D. Few alternatives for the product 42. **The presence of strong brand loyalty in an industry affects which of Porter's Five Forces?**\ A. Threat of substitutes\ B. Threat of new entrants\ C. Bargaining power of suppliers\ D. Industry rivalry 43. **If suppliers are few in number and can raise prices or reduce quality, this indicates:**\ A. Low bargaining power of suppliers\ B. High bargaining power of suppliers\ C. High threat of substitutes\ D. Low threat of new entrants 44. **The "threat of new entrants" in Porter's Five Forces framework refers to:**\ A. The potential competition from companies entering the market\ B. The threat from existing competitors\ C. The likelihood of customers switching to other products\ D. The power of suppliers to increase prices 45. **A key factor in the bargaining power of suppliers is:**\ A. The availability of substitute products for the supplier's goods\ B. The number of buyers in the market\ C. The high switching costs for consumers\ D. The threat of new entrants 46. **Which of the following would likely INCREASE the threat of new entrants?**\ A. High capital requirements to start the business\ B. Strong brand loyalty among current customers\ C. Weak government regulations in the industry\ D. High economies of scale in the industry 47. **In Porter's Five Forces, a high threat of substitute products typically results in:**\ A. Reduced competition\ B. Increased industry profitability\ C. Lower pricing power for companies\ D. Reduced bargaining power of suppliers 48. **High industry rivalry is likely to be found in markets where:**\ A. There are few competitors\ B. Products are highly differentiated\ C. Market growth is slow\ D. High switching costs for consumers exist 49.