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Strategy Assessment Questions and Answers

This document contains the answers to 10 questions from an evaluation on business strategy concepts. All the answers are correct, identifying aspects such as that benchmarking can be used for more than just products, and that a company's mission and vision are related.

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17 views10 pages

Strategy Assessment Questions and Answers

This document contains the answers to 10 questions from an evaluation on business strategy concepts. All the answers are correct, identifying aspects such as that benchmarking can be used for more than just products, and that a company's mission and vision are related.

Translated by

ScribdTranslations
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Question 1

Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

Benchmarking can only be used on products.


Select one:
a. True
b. False
CORRECT.
Feedback

The correct answer is: False

Question 2
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

There is only one valid and accepted definition of what business strategy is.
Select one:
a. True
b. False
CORRECT.
Feedback

The correct answer is: False


Question 3
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

A company can only generate competitive advantages in each activity of the


value chain
Select one:
a. False
CORRECT.

b. True
Feedback

The correct answer is: False

Question 4
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

The mission and vision of a company are related.


Select one:
a. Verdadero
CORRECTO. undefined

b. False
Feedback

The correct answer is: True


Question 5
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

Identify which of the following is NOT one of Porter's five forces.


Select one:
a. Intensity of entry barriers
CORRECT.

b. Bargaining power of suppliers


c. Bargaining power of customers
d. Threat of substitute products
Feedback

The correct answer is: Intensity of entry barriers

Question 6
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

Indicate which of the following tools integrates internal and external diagnosis.
Select one:
a. 5 forces of Porter
b. Benchmarking
c. Value chain
d. SWOT
CORRECT.
Feedback

The correct answer is: SWOT

Question 7
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

It is necessary for every company to plan its strategy.


Select one:
a. True
CORRECT.

b. False
Feedback

The correct answer is: True

Question 8
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

The strategic planning process answers three questions. Which of the


is not one of these?
Select one:
a. How are we going to get there?
b. Where are we?
c. Where do we want to go?
d. When are we going to get there?
CORRECT. undefined
Feedback

The correct answer is: When are we going to get there?

Question 9
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

The presence of substitute products, concentration of suppliers and threat


forward vertical integration is a factor that influences power
customer negotiation.
Select one:
a. True
b. False
CORRECT.
Feedback

The correct answer is: False

Question 10
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question
The strategic profile of the environment assesses the key factors of the environment according to a
scale of values.
Select one:
a. False
b. True
CORRECT.
Feedback

The correct answer is: True

You

Corporate strategies define how to compete better and achieve success in a


concrete business.
Select one:
a. False.
Corporate strategies define the scope of the company's activities.

b. True.
Feedback

The correct answer is: False.

Question 2
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

One of the drawbacks of vertical integration is the high costs.


administrative tasks derived from a greater need for internal coordination.
Select one:
a. True.
This is one of the drawbacks of vertical integration.

b. False.
Feedback

The correct answer is: True.


Question 3
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

Regarding corporate strategies, Ansoff identifies four strategies of


expansion.
Select one:
a. True.
b. False.
Ansoff identifies three: Market penetration, product development, development of
markets.
Feedback

The correct answer is: False.

Question 4
Correct
Score 1.00 out of 1.00

Mark Question
Statement of the question

The company is a closed system.


Select one:
a. True.
b. False.
The company is an open system, in continuous interaction with its environment and depends on it.
interaction for their survival.
Feedback

The correct answer is: False.


Question 5
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

The reduction of cost based on experience is a requirement for which strategy?


Porter's generic.
Select one:
a. Approach.
b. All of the above.
c. General leadership in costs.
This strategy requires large volumes of production efficiently and reduction of
costs based on experience.

d. Differentiation.
Feedback

The correct answer is: Cost leadership.

The determining factor for an information model to be useful is:


Select one:

a. Quality of information and availability of information

CORRECT.

b. None of the other answers is correct

c. Availability of information

d. Quality of information

Feedback

The correct answer is: Quality of information and availability of information

Question 2
Correct

Score 1.00 out of 1.00

Mark question

Statement of the question

The company can only grow through internal growth.


(investment/creation of new companies) or external (mergers/acquisitions)
Select one:

a. True

b. False

CORRECT.

Feedback

The correct answer is: False

Question 3
Correct

Score 1.00 out of 1.00

Mark question

Question statement

Regarding franchises, a franchisor exploits a brand that he


franchisee cedes in exchange for an initial payment
Select one:

a. True

b. False
CORRECT. undefined

Feedback

The correct answer is: False

Question 4
Correct

Score 1.00 out of 1.00

Mark question

Statement of the question

Con respecto a las estrategias corporativas, Ansoff identifica cuatro estrategias de


expansion
Select one:

a. True

b. False

CORRECT. undefined

Feedback

The correct answer is: False

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