Stratbusana Quiz 1

1.
An investor investing in a company by purchasing stocks is considered which type of

stakeholder?
a. Organizational
b. Capital Market
c. Product Market
d. None of the Above
2. Returns in excess of what an investor expects to earn from other investments with a similar
amount of risk.
a. Average return
b. Returns
c. Risk
d. Above average return
3. It refers to the full set of commitments, decisions, and action required for a firm to achieve
strange competitiveness and earn above-average returns.
a. Competitive advantage
b. Strategic management process
c. Strategy
d. Strategic competitiveness
4. An integrated and coordinated set of commitments and actions designed to exploit core
competencies and gain a competitive advantage.
b. Strategy
c. Strategic competitiveness
d. Strategic management process
5. An enduring picture of what the firm wants to be and, in broad terms, what it wants to
ultimately achieve.
a. Vision
b. Goals
c. Missions
d. Objectives
6. It refers to when a firm implements a strategy that its competitors are unstable to duplicate or
find too costly to try to imitate.
b. Strategic competitiveness
c. Strategy
d. Strategic management process
7. It is the complex set of ideologies, symbols, and core values that are shared throughout the
firm and that influence how the firm conducts business.
a. Organizational Norms
b. Organizational culture
c. Organizational behavior
d. Organizational process
8. Slack resources that allow the firm flexibility to respond to environmental changes.
a. 10 Moel
b. Organizational slack
c. Knowledge intensity
d. Strategic flexibility
9. When a resource is said to be “possessed by a few”, the resource is?
a. Costly to imitate
b. Rare
c. Non substitutable
d. Valuable
10. An investor’s uncertainty about the economic gains or losses that will result from a particular
investment.
a. Returns
b. Average returns
c. Above average returns
d. Risk
11. It specifies the business or businesses i which the firm intends to compete and the
customers it intends to serve.
a. Mission
b. Goals
c. Vision
d. Objectives
12. Basic commodities such as sugar, soy sauce, or salt uses which strategy?
a. Differentiations
b. Premium pricing
c. Cost leadership
d. first mover advantage
13. The rapidity and consistency with which new, information-intensive technologies replace
older ones.
a. Technology Diffusion
b. Perpetual innovation
c. Technology
d. Disruptive technologies
14. Strategy (information, intelligence, and expertise) is the basis of technology and its
application.
a. True
b. False
15. Vision and mission are formed to guide the selection of strategies based on the information
from the analyses of the firm’s internal organization and external environment.
a. True
b. False
16. Stakeholders are those who can affect, and are affected by, a firm’s performance.
a. True
b. False
17. Globalization is a product of a small number of firms competing against one another in an
increasing number of global economies.
a. True
b. False
18. Hypercompetition describes competition that is excessive such that it creates inherent
instability and necessitates disruptive change for firms in the competitive landscape.
a. True
b. False
19. Industry profitability refers to the industry’s rate of return on invested capital relative to its
cost of capital.
a. True
b. False
20. Organizational norms refer to the complex set of ideologies, symbols, and core values that
are shared throughout the firm and that influence how the firm conducts the business.
a. True
b. False
21. Superior returns mean earning above-average returns
a. True
b. False
22. Vision is more effective when it fosters strong ethical standards.
a. True
b. False
23. The set of capabilities used to respond to various demands and opportunities in dynamic
and uncertain competitive environments.
a. Technological Changes
b. Strategic Flexibility
c. Organizational Slack
d. Knowledge Intensity
24. Which among the following is not part of the external environment when doing that I/O
model?
a. Differentiation
b. Barriers to entry
c. Product diversification
d. Economies of scale
e. None of the options
25. Rivalry among firms is one of Porter’s Five Competitive Forces.
a. True
b. False
26. Essay: Discuss the three major parts of the external environment and their importance in the
firm’s strategic management process

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An investor investing in a company by purchasing stocks is considered which type of

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