Exam Questions Marking Scheme New
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1.)The planning level with the shortest time horizon is known as _____
planning.
A)operational
B)tactical
C)managerial
D)developmental
E)vertical - 🧠 ANSWER ✔✔A.) Operational
2.)The planning process is similar to the _____ process in that both have a
series of steps that are typically repeated in a cycle.
A)strategy-mapping
B)tactical alignment
C)goal-setting
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,D)decision-making
E)environmental analysis - 🧠 ANSWER ✔✔D.) Decision-making
3.)In a SWOT analysis, the absence of reliable suppliers would be
considered as a(n):
A)weakness and a threat.
B)weakness.
C)strength.
D)opportunity.
E)threat. - 🧠 ANSWER ✔✔B.) Weakness
4.)A _____ system is a component of the strategic management process
designed to support managers in evaluating the organization's progress
with its strategy and, when discrepancies exist, taking corrective action.
A)span of control
B)strategic control
C)strategic support
D)dynamic network
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,E)strategic integration - 🧠 ANSWER ✔✔B.) Strategic Control
5.)The strategy an organization uses to build competitive advantage by
being unique in its industry or market segment along one or more
dimensions is known as a(n) _____ strategy.
A)integrated
B)differentiation
C)functional
D)low-cost
E)concentration - 🧠 ANSWER ✔✔B.) Differentiation
6.)Which of the following is one among the six components of the strategic
management process?
A)Skill improvement plan
B)Technology assessment
C)Stakeholder analysis
D)SWOT analysis
E)Stockholder reporting - 🧠 ANSWER ✔✔D.) SWOT Analysis
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, 7.)Which of the following takes place after a firm formulates its strategy?
A)Establishment of mission, vision, and goals
B)Analysis of external opportunities and threats
C)Strategy implementation
D)Analysis of internal strengths and weaknesses
E)SWOT analysis - 🧠 ANSWER ✔✔C.) Strategy Implementation
8.)A vertical integration strategy is a strategy:
A)used to add new businesses that produce related products or are
involved in related markets and activities.
B)that involves expanding the domain of the organization into supply
channels or to distributors.
C)employed for an organization that operates a single business and
competes in a single industry.
D)used to add new businesses that produce unrelated products or are
involved in unrelated markets and activities.
E)an organization uses to build competitive advantage by being unique in
its industry or market segment along one or more dimensions. - 🧠
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COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED