MAN 4720 – Strategic Management (2025/2026) – 100 Exam Questions & Answers on Business-Level Strategies, Competitive Dynamics, Diversification & Synergy

This document contains 100 fully solved and verified exam questions with correct answers for MAN 4720 – Strategic Management, updated for the 2025/2026 academic cycle. It offers an in-depth review of business-level strategies, including cost leadership, differentiation, and the factors influencing competitive advantage. Students will learn how firms use market segmentation, business models, and value creation approaches to compete effectively in individual product markets. The guide also explores competitive rivalry and dynamics, explaining concepts like market commonality, resource similarity, multimarket competition, first and second mover strategies, service quality dimensions, and the role of awareness, motivation, and ability in competitive actions and responses. Corporate-level strategies are covered extensively, including single-business, dominant-business, related and unrelated diversification, economies of scope, vertical integration, and synergy creation through corporate-level core competencies. This resource is ideal for business administration students, MBA candidates, strategic management majors, and aspiring executives seeking exam preparation or practical understanding of competitive positioning, diversification, and resource-based synergy. It also serves as a strategic guide for managers looking to enhance decision-making in multi-business environments. Keywords: business-level strategy, market segmentation, business model, cost leadership, differentiation strategy, competitive rivalry, competitive dynamics, market commonality, resource similarity, multimarket competition, first mover, second mover, service quality dimensions, corporate-level strategy, diversification, economies of scope, vertical integration, synergy, core competencies