Introduction A strategic business unit is a significant organization segment that is analyzed to develop organizational strategy aimed at generating future business or revenue. d. strategy . Ans: (b) Mentor, 65. Submit . Learn how your comment data is processed. ... Strategic decisions. Development of people b. Ans: (a) Strength, Weakness, Opportunities, Threats, 43. 1) Cash Cows : 2) Stars : 3) Dogs : 4) Question marks : 5) NULL : Complaint Here As Incorrect Question / Answer . The three types of strategies adopted by an organization are ______ , ______ and ______. The core competence of Sony is ________. Ans: The basic problem is that those who have the knowledge do not have the power and those who have the power do not have the knowledge. Ans: Strategy. Ans: Vision, 5. The strategic leader increases the awareness of strategic planning within the managerial level and grooms future leaders. Punishment of people c. Adoption of people d. None of these Ans: a Que:2 Human resource management is amalgam of- a. ________ of the organization can be defined as the reason for existence of the organization and is an insight into the future. CLICK 4 AMAZON DEALS OF THE DAY, Enroll for Digital Marketing Certification Training Program, HTML5 Game from scratch step by step learning JavaScript, Your best friend on the road to YouTube success – Install Now, Eguardian offers online courses & top quality writing services with accuracy, incorporates formatting standards and as per your desire. _________ is the systematic process of choosing the most relevant course of action for achieving the corporate objectives of the company. Functional strategy is concerned with developing and nurturing a distinctive competence to provide a company or business unit with a competitive advantage. Strategic business units develop their own unique way of competing. b ADVERTISEMENTS: 2. Ans: True, 4. University. Profit unit. A strategic business unit is a division or team of a company that is responsible for its own strategy and bottom line. ________ approach is practical, goal-oriented and is positive in nature. . Ans: Business acumen, sound technical knowledge with common-sense, 58. Online Mock Test in Strategic Management For CA Final , MCQ for CA CS CMA, MCQ in Strategic Management (True or False) A strategic business unit does not report through corporate headquarters but rather to the shareholders? b. b. the cost of substitute products. Ans: Mutual benefit, 17. Business Policies are influenced by ____________sets of factors. Business model. (True / False) Ans: True, 74. (A) Batch production (B) Jobbing production (C) Process production (D) Service production The Strategic Business Unit evolved during the ---- … Ans: True, 23. D. German. Course. The questions will be coming out from the Weekly MCQ vault. C K Prahlada is an eminent thinker from ______. Print Strategic Business Units: Examples & Definition Worksheet 1. (True / False) Ans: True, 27. School of distance education Strategic Financial Management Page 3 CONTENTS MODULE 1 UNIT 1 Financial Goals & strategy UNIT 2 Managerial Implications Of Share holder Value creation MODULE II UNIT 3 Financial Strategy For Capital Structure UNIT 4 Capital Structure Planning & Decision Making UNIT 5 Dividend Policy & Value Of The Firm UNIT 6 Dividend Policy &Valuation of Firms Thus, a company like HUL may group its shampoos together in one strategic business unit, soaps in another and similarly, it may make multiple strategic business units as per its requirement.. What are Strategic business units and their advantages C. 2. b. they sell a commodity product. D. German. Course. 8) Creating Synergy. Required fields are marked *. Both management and employees are involved in strategy evaluation (True / False) Ans: The 3 stages are – strategy formulation, implementation and evaluation. (True / False) Transactional leaders are good at short term planning. Exactly what constitutes an SBU varies from organization to organization. Ans: True, 41. Ans: True, 77. Ans: Scope, 10. A strategic leader needs to control every activity within the organization and does not delegate any work to his subordinates. (True or False) University. This Multiple Choice Questions in Strategic Human Resource Management & HR Policies will be helpful for students of BBA, MBA, Mcom, Bcom, and other graduation & post-graduation students. __________ refers to the expertise gained by a person through experience or education The process of making the employees understand about the strategic direction of the company is called as__. c. they offer a credible threat of forward integration. 1. Clark Howard 1. Retail Management MCQ Questions and Answers Part – 1 Retail Management MCQ Questions and Answers Part – 2 Retail Management MCQ Questions and Answers Part – 3 1. What is the difference between efficiency and effectiveness? Ans: Financial & non-financial, 24. Strategic Management Process Process of Strategic Management (Strategic Mgmt Model) Strategy Formulation Mission & Objectives Internal Resource Analysis Environmental Analysis Ans: Miniature electronics, 54. a. expected retaliation from competitors. Ans: Mission. If the strategy of the organisation is inadequate, it will lead to a _____ vision of the organization. Practice MCQ’s. It reports to the headquarters about its operational status. Ans: Strategy formulation, 48. A. b 2. A good leader keeps everything confidential and does not open up easily to others. All Unit MCQ’s Question of Entrepreneurship Development. Two examples of external variables, which influence business policy are ______ and ______. a) Strength, Weakness, Opportunities, Threats If you have any queries regarding Private, Public and Global Enterprises CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon. (True / False) Ans: Core competency, 52. University. Practice Multiple choice questions which provide the summary of each chapters in the modul... View more. Ans: Operations, 46. _______ helps to connect the goals and scope of the organization with the competitive advantage so as to leverage its competitive advantage. B. Terry. A. Peter F. Drucker. The word Retail is derived from the—— word. UNIT: 1 INTRODUCTION HUMAN RESOURCE MANAGEMENT (MCQ) Que:1 Human resource management emphasis- a. ILC & Strategic Implications Dr. Prashant Kalaskar 10. Business Level Strategy Business-level strategy: an integrated and coordinated set of commitments and actions the firm (Business Unit) uses to gain a competitive advantage by exploiting core competencies in specific product markets Dr. Prashant Kalaskar 11. In some cases, they are run as a completely separate business.Alternatively, a strategic business unit may be primarily a marketing team that shares administrative and operational functions with the rest of an organization.. 5 Examples of a Strategic Business Unit - Simplicable Ans: Impossible to handle various issues relating to the business, 60. Alternatively, a strategic business unit may be primarily a marketing team that shares administrative and operational functions with the rest of an organization . Strategic marketing means identifying the customers' needs or public and creating a marketing strategy plan to satisfy customer's requirement and improve the company's performance and increase profit. MCQ 1. Strategic Management MCQ Questions and answers with easy and logical explanations. Strategic business unit . (True / False) b ADVERTISEMENTS: 2. When a company chooses to divest a particular strategic business unit, it _____. Multiple choice questions on developing marketing strategies and plans quiz answers PDF covers MCQ questions on topics: Business unit strategic planning, corporate and division strategic planning, customer service, diversification strategy, marketing and … (True / False) A well-defined strategy allows the organization to function with clockwork precision. The vision of the organisation combines 3 basic elements of ______ , ______ and ______. c. a subsidiary, division, or unit of an organization that markets a set of related offerings to a clearly defined group of customers. Social behaviour and business ethics For the board of directors of the company, the entire company is a ----- a. Multiple choice questions Corporate Strategy SET-1 1. 32. Ans: True, 22. ________ is defined as a general set of directions for the corporate to achieve a desirable state in the future. ________ outline the methods to be adopted for fulfilling the objectives set in the vision statement. Hence strategic business units are formed in the organization.These strategic units may contain a single products or multiple products. The Practice of Management written by __________. Ans: constantly evaluated, 25. Ans: True, 40. It acts to achieve corporate and business unit objectives by maximizing resource productivity. Ans: Goals, 16. Ans: Functional strategy, Business strategy and Corporate Strategy, 3. Ans: False, 21. It reports to the headquarters about its operational status. B. Terry. The purpose of carrying out strategic analysis of policy is ___________. Strategic business unit (SBU) Standalone division of a larger conglomerate, with its own profits and losses. SBUs typically have a discrete marketing plan, analysis of competition, and marketing campaign, even though they may be part of a larger business entity.. An SBU may be a business unit within a larger corporation, or it may be a business into itself or a branch. Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management 1. 1. 1. 30) Define strategic management. ______ is known as the modern management Guru. 23. _______ can be defined as the process of exerting influence on others, especially peers and subordinates, in order to accomplish the common goals of the organization. Ans: Business strategy, 42. How the firm intends to make money. answerWhich of the following is true of strategic planning. 7. The Business Strategy of an organization should be iron clad and opaque. The fundamental purpose for the existence of any organization is described by its a. policies b. mission c. procedures d. strategy Ans. Clarity about dimensions of brands means the clarity in: a. Show Result Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management 1. Thanks for studying our MCQ on Business Strategy if you liked please share on social media. Ans: Transactional and Transformational leadership, 72. Ans: False, 6. The advantages derived by implementing Strategic management principles are broadly classified as _________ and _______ benefits. Strategy is developed to mobilise the available resources in the best interest of the organization. 15. Margin of safety can be improved by reducing the variable cost. A good leader acts as ____________ for his sub-ordinates. Ans: Skill, energy and business acumen, 57. Dog. 48. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction. Punishment of people c. Adoption of people d. None of these Ans: a Que:2 Human resource management is amalgam of- a. 14. 38. Which of the following is not a term normally used in value analysis? Ans: Business policy, 59. _____ is a general set of directions for the organisation to achieve a desirable state in the future. Ans: True, 76. Core competencies tend to refer to areas of special technical and production expertise, where _____ tend to describe excellence in broader business processes. 8. (A) Resale value (B) Use value (C) Esteem value (D) Cost value. Ans: Leadership, 62. Leadership has to be effective on _______, _______ and ______ levels. d) Strength, Weakness, Opportunities, Thrusts The increase in value of a product of service as more people use it. 8. Strategic Business Unit (SBU) "The bigger a company gets, the smaller it's brains get." MENU. (True / False) d. strategic business unit e. winning strategy Answer: a Page: 39 Level of difficulty: Medium. This site uses Akismet to reduce spam. Multiple Choice Questions on Management set-2 MCQ on Planning & organizing at supervisory level. Retailer is a person who sells the goods […] b. A. Peter F. Drucker. The functions of brand . d. Small business unit . Retail Management MCQ Questions and Answers Part – 1 Retail Management MCQ Questions and Answers Part – 2 Retail Management MCQ Questions and Answers Part – 3 1. d. Small business unit . UNIT: 1 INTRODUCTION HUMAN RESOURCE MANAGEMENT (MCQ) Que:1 Human resource management emphasis- a. A. Latin. Management is […] Ans: True, 55. 6. Ans: False (both idealistic and realistic). Conducting research, integrating intuition with analysis, and making decisions are all_____ activities A. Strategy-formulation The term “Core Competency” has its origin in an article titled __________, written by C K Prahalad and Gary Hamel for the Harvard Business Review in 1990. SWOT analysis refers to the analysis of the organization’s ______________. How the firm intends to make money. The final stage in strategic management is strategy implementation. The new types of organizational structures are __________ , _________ and _________. The 3 strategies advocated by Porter for the business unit level are _____, _____ and _____. C. English. Ans: Logic, 12. Click here to Download Business Strategy Multiple Choice Questions and Answers in PDF, Your email address will not be published. Typically, a strategic business unit operates as a separate unit, but it is also an important part of the company. Take … 6) Competitive Advantage. The translation of the strategy into action takes place here, and it details the firm's competitive tactics and initiatives. Mktg Lesson 2 Chapter 2 MCQ questionIt deals with adapting the firm to take advantage of changing marketing opportunities. A strategic business unit is a division or team of a company that is responsible for its own strategy and bottom line.In some cases, they are run as a completely separate business. (True or False) A) increases the advertising budget for that strategic business unit B) invests more in the strategic business unit to build its market share C) sells off or phases out the strategic business unit Strategy is always action oriented. The strategic business unit with low market share and high market growth is considered as . (State True or False) Elthan Lim. _______ defines the products of the firm, the geographical area of its market and the activities undertaken to establish the product. Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management. D. Henry Fayol. (True or False) Academic year. . Samples ; Flashcards; Q&A; Study Tips; Free Duplicate Content Checker; Login; or LOG IN if you are already a member. c. Marketing unit . P/V ratio exhibits the percentage of contribution included in Sales. In a large organization, strategic management activities occur at what level(s)? ______ is the medium through which the Management can expect to achieve its goals over a period of time. c. procedures . 2) Functional Strategy. 7) Differentiation Strategy. Strategic Management (BUSM3125) Uploaded by. 2. CA Mock Test Portal is developed to provide a quality test environment for the students who are studying various CA/CPT courses, we would like to take this opportunity to thank our mentors and all the students, Please make sure to contact us in case if you need any further information. (True or False) 9. It is the game plan to manage a principal subordinate activity within a business. This site contains podcasts and articles on all areas of business and a link to Strategic Management. Ans: True, 30. Saturday 15th June 8.00am to Tuesday 18th June 8.00am. Online Mock Test in Strategic Management For CA Final , MCQ for CA CS CMA, MCQ in Strategic Management There are different marketing strategies, methods, sales techniques, and programs through which customers are targeted via newsletters, podcasts, advertisements, e-mails, etc. ANSWER: A 2. The fundamental purpose of an organization’s mission statement is to . 10) Strategic Evaluation. English Grammar Quiz for Class 8 with Answers, Cloud Computing Multiple Choice Questions and Answers, Jamia Indian Defence Personnel Assignments, Online MBA Course | Manipal University is a Best MBA College in India, District of Assam । Total Number of Districts in Assam with brief History, Operating System Objective Questions and answers pdf for GATE, Operating System Quiz Questions with Answers, Operating System Questions and Answers with Multiple Choice, Hindi Vyakran Quiz – Hindi Grammar Quiz for Competitive Exams. The highest amount a firm can charge for its products is most directly affected by. Ans: Efficiency – doing things right and effectiveness – doing right things, 37. 2017/2018 28. Brunel University London. Explain the importance of strategic management for an organization 31) “Business must be run in a socially responsible manner.” Comment on the statement in the Indian context. In a specific strategic market plan, a profit centre that is self-supporting in terms of sales, markets, production, and other resources is known as: a. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction. The strategic leader motivates collectivism and maintains the balance between conflicting ideas. Mention the 4 environment categories in which a business mostly operates. AMAZON GREAT REPUBLIC DAY SALE Find below MCQ on Strategic Cost Management . 10. The strategies should be prioritized based on the seriousness of underlying issues. In a specific strategic market plan, a profit centre that is self-supporting in terms of sales, markets, production, and other resources is known as: a.