Come Join Us at VUSTUDENTS - 9TJyXeh9-UhPTqXhlTENl71t0...Come Join Us at For Assignment Solution, ... Which of the following are the five forces that affect the level of competition in an industry?

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<ul><li><p>Come &amp; Join Us at VUSTUDENTS.net </p><p>For Assignment Solution, GDB, Online Quizzes, Helping Study material, Past Solved Papers, Solved MCQs, Current Papers, E-Books &amp; more. </p><p>Go to http://www.vustudents.net and click Sing up to register. </p><p> VUSTUENTS.NET is a community formed to overcome the disadvantages of distant learning and virtual environment, where pupils dont have any formal contact with their mentors, This community provides its members with the solution to current as well as the past Assignments, Quizzes, GDBs, and Papers. This community also facilitates its members in resolving the issues regarding subject and university matters, by providing text e-books, notes, and helpful conversations in chat room as well as study groups. Only members are privileged with the right to access all the material, so if you are not a member yet, kindly SIGN UP to get access to the resources of VUSTUDENTS.NET Regards VUSTUDENTS.NET TEAM. Virtual University of Pakistan </p><p>www.vustudents.netsomimalikvu</p></li><li><p>MGT603 Latest Solved MCQs </p><p>MGT 603 New final term quiz file Lec 1 to 45 </p><p>1. All of the specified approaches could be used to determine R&amp;D </p><p>budget allocation EXCEPT: </p><p>Financing as many projects as possible </p><p>Using percentage-of-sales method </p><p>Budgeting irrelative to competitors pg 71 </p><p>Deciding how many successful new products are needed </p><p>2. In order to avoid the emergence of substitute products, AF &amp; Z </p><p>Corporation has obtained an access and control over the scarce </p><p>natural resources necessary to produce their products. Thus, </p><p>which of the following strategies is being practiced by AF &amp; Z </p><p>Corporation? </p><p>SO Strategy </p><p>WO Strategy </p><p>SW Strategy </p><p>ST Strategy </p><p>3. Establishing and implementing ways of making things work is </p><p>known as: </p><p>Planning </p><p>Organizing </p><p>Leading </p><p>Controlling </p><p>4. Which of the following is the benefit of strategic management? </p><p>Fewer complexes </p><p>More complex </p><p>Less static </p><p>More profitable </p><p>5. Which of these is the allocation and reallocation of capital and </p><p>resources to projects, products, assets and divisions of an </p><p>organization? </p><p>Investment decision pg 64 </p><p>vustudents.netvu</p></li><li><p>MGT603 Latest Solved MCQs </p><p>Financing decisions </p><p>Restructuring decisions </p><p>Strategic decision </p><p>6. A chance for advancement, progress or profit prevailing in external </p><p>environment of a company is known as: </p><p>Strength </p><p>Weakness </p><p>Opportunity </p><p>Threat </p><p>7. A firm should practice Joint Venture strategy in which of the </p><p>following cases? </p><p>When the SPACE matrix vector lies in defensive quadrant </p><p>When the SPACE matrix vector lies in aggressive quadrant </p><p>When the SPACE matrix vector lies in conservative quadrant </p><p>When the SPACE matrix vector lies in competitive quadrant </p><p>8. Adding new but unrelated products or services for appealing </p><p>present customers is known as: </p><p>Forward integration </p><p>Backward integration </p><p>Conglomerate diversification </p><p>Horizontal diversification pg 80 </p><p>9. Financial ratios are helpful in analyzing the relationship among </p><p>which of the following? </p><p>10. Select correct option: </p><p>All assets and liabilities </p><p>Profits and costs </p><p>All functional areas of business pg 63 </p><p>Sales and profitability </p><p>11. Which of the following is an example of Intensive strategies? </p><p>Conglomerate strategy </p><p>Forward integration </p><p>Market penetration pg 89 </p><p>Retrenchment </p><p>12. Which one of the following dimensions is NOT a recommended </p><p>component of a mission statement? </p><p>Select correct option: </p><p>Self-concept </p><p>Markets </p></li><li><p>MGT603 Latest Solved MCQs </p><p>Strategies </p><p>Customers </p><p>13. Strategic management integrates all of the following areas </p><p>EXCEPT: </p><p>Management </p><p>Marketing </p><p>Research and development </p><p>Human resource management </p><p>Which of the following are the five forces that affect the level of </p><p>competition in an industry? </p><p>Threat of entrants; power of buyers; power of suppliers; threat of </p><p>substitutes; competitive rivalry pg 143 </p><p>Threat of buyers; power of entry; power of substitutes; threat of suppliers; </p><p>threat of recession </p><p>Threat of recession; power of buyers; power of suppliers; threat of </p><p>management failure; competitive rivalry </p><p>Threat of entry; power of buyers; power of suppliers; threat of substitutes; </p><p>government actio </p><p>14. What term refers to selling a division of an organization? </p><p>Select correct option: </p><p>Joint venture </p><p>Divestiture 81 </p><p>Liquidation </p><p>Horizontal integration </p><p>15. All of the following fall under the category of "Process function of </p><p>production management EXCEPT: </p><p>Select correct option: </p><p>Choice of technology </p><p>Quality assurance pg 68 </p><p>Process flow analysis </p><p>Transportation analysis </p></li><li><p>MGT603 Latest Solved MCQs </p><p>16. When two organizations of about equal size unite to form one </p><p>enterprise, which of the following takes place? </p><p>Select correct option: </p><p>Hostile takeover </p><p>Merger </p><p>Liquidation </p><p>Divestiture </p><p>17. All of these are pitfalls an organization should avoid in strategic </p><p>planning EXCEPT: </p><p>Select correct option: </p><p>Using plans as a standard for measuring performance. Pg 14 imporatant </p><p>Using strategic planning to gain control over decisions and resources </p><p>Failing to involve key employees in all phases of planning </p><p>Being so formal in planning that flexibility and creativity are stifled </p><p>18. Defensive strat egies include all of the following EXCEPT: </p><p>Select correct option: </p><p>Retrenchment </p><p>Acquisition pg 93 </p><p>Divestiture </p><p>Liquidation </p><p>19. External forces directly affects all of the following EXCEPT: </p><p>Select correct option: </p><p>Market segmentation strategies </p><p>Types of products/services offered </p><p>Management structure of organization pg 28 </p><p>Choice of businesses to acquire or sell </p><p>20. Which of the following is the highest possible weighted score for </p><p>the organization in IFE matrix? </p><p>Select correct option: </p><p>vustudents.netvu</p></li><li><p>MGT603 Latest Solved MCQs </p><p>1.0 </p><p>1.5 </p><p>2.5 pg 47 </p><p>4.0 </p><p>Mgt 603 25 final term quiz </p><p>21. Adding new, unrelated products or services is called: </p><p>Select correct option: </p><p>Forward integration </p><p>Backward integration </p><p>Conglomerate diversification pg 80 is very important for mcqs </p><p>Concentric diversification </p><p>22. Which of the following is the first step in the controlling function of </p><p>management? </p><p>Take corrective actions </p><p>Restrict breaks employees take </p><p>Evaluate expense reports </p><p>Establish performance standards pg 58 </p><p>23. All of the following are Porter's Generic Strategies EXCEPT: </p><p>Differentiation </p><p>Hybrid </p><p>Cost leadership </p><p>Focus </p><p>24. All of the following are the types of cooperative arrangements </p><p>EXCEPT: </p><p>R&amp;D partnerships </p><p>Joint-bidding consortia </p><p>Cross-licensing agreements </p><p>Diversification pg 95 </p><p>25. All of the following are functional support roles of Management </p><p>Information System EXCEPT: </p><p>Recording and storing accounting records </p><p>Recording and storing inventory data </p><p>Recording and storing business intelligence data </p><p>The enhanced ability to explore "what if" pg 73 </p></li><li><p>MGT603 Latest Solved MCQs www.vuaskari.com </p><p>26. External assessment is performed in which of the strategic </p><p>management phase? </p><p>Strategy formulation stage </p><p>Strategy implementation stage </p><p>Strategy evaluation stage </p><p>All of the given options </p><p>27. Backward integration is effective in all of the following situations </p><p>EXCEPT: </p><p>When an organization competes in an industry that is growing rapidly </p><p>When an organization needs to acquire a needed resource quickly </p><p>When the advantage of stable prices are not important pg 82 </p><p>When present suppliers have high profit margins </p><p>28. Product development involves going in the direction of which one </p><p>of the following? </p><p>Present products to present markets </p><p>Present products to new markets </p><p>New products to present markets </p><p>New products to new markets </p><p>29. What are the four dimensions of a SPACE matrix? </p><p>Environmental stability; Industrial strength; Competitive advantage; Market </p><p>growth rate </p><p>Environmental stability; Industrial strength; Competitive advantage; </p><p>Financial strength pg 100 </p><p>Industrial strength; Competitive advantage; financial strength; Market share </p><p>Environmental stability; Industrial strength; Market growth rate; Market share </p><p>30. Which one of the following strategies is referred as presenting </p><p>products, often with a little or no modification, to customers in </p><p>related marketing areas? </p><p>Market development </p><p>Market penetration </p><p>Horizontal integration </p><p>Product development </p></li><li><p>MGT603 Latest Solved MCQs </p><p>31. When an industry relies heavily on government contracts, which of </p><p>the following is important for the firm to foresee as a part of its </p><p>external audit? </p><p>Economic forces </p><p>Political forces </p><p>Technological forces </p><p>Competitive forces </p><p>32. All of the following are the types of Profitability ratios EXCEPT: </p><p>Select correct option: </p><p>Net profit margin </p><p>Inventory turnover 65 </p><p>Return on total assets </p><p>Earnings per share </p><p>33. Where an organization is considering development in an existing </p><p>market with existing products it is pursuing which of the following </p><p>strategy? </p><p>Select correct option: </p><p>Diversification </p><p>Market development </p><p>Market penetration </p><p>Product development </p><p>34. In adapting to change an organization must monitor which of the </p><p>following? </p><p>Select correct option: </p><p>Ongoing processes </p><p>Internal and external events </p><p>Timely changes </p><p>All of the given options </p><p>35. Which strategy seeks to increase market share of present products </p><p>or services in present markets through greater marketing efforts? </p><p>Select correct option: </p></li><li><p>MGT603 Latest Solved MCQs </p><p>Market penetration pg 80 </p><p>Market development </p><p>Backward integration </p><p>Product development </p><p>36. Following are the examples of the sectors that are more </p><p>technologically oriented EXCEPT: </p><p>Select correct option: </p><p>Volatile </p><p>Textile pg 39 </p><p>Pharmaceutical </p><p>Telecommunications </p><p>Beverages </p><p>37. Which of the following is NOT a SPACE Matrix quadrant? </p><p>Select correct option: </p><p>Aggressive </p><p>Defensive </p><p>Competitive </p><p>Offensive pg 100 </p><p>38. Which of the following stages of strategy formulation framework </p><p>involves developing Internal-External (IE) Matrix? </p><p>Select correct option: </p><p>Input stage </p><p>Output stage </p><p>Matching stage </p><p>Decision stage </p><p>39. The total weighted score of IFE matrix developed for XYZ </p><p>corporation is 3.5. Which of the following statement is TRUE about </p><p>XYZ Corporation in the light of IFE matrix total weighted score? </p><p>Select correct option: </p><p>Corporation has strong external position </p><p>Corporation has weak internal position </p></li><li><p>MGT603 Latest Solved MCQs </p><p>Corporation has strong internal position </p><p>Corporation has weak external position </p><p>40. SPACE matrix stands for: </p><p>Select correct option: </p><p>Strategic position and action evaluation matrix pg 97 </p><p>Strategic power and commerce evaluation matrix </p><p>Strategy performance and activity evaluation matrix </p><p>Strategy position and competitiveness evaluation matrix </p><p>41. Test marketing is commonly applied by which of the following </p><p>companies? </p><p>Select correct option: </p><p>Industrial goods companies </p><p>Consumer goods companies pg 60 </p><p>Public sector companies </p><p>Private sector companies </p><p>42. Which of the following are the two internal dimensions represented </p><p>on the axes of the SPACE Matrix? </p><p>Select correct option: </p><p>Environmental stability and industrial strength </p><p>Industrial strength and competitive advantage </p><p>Competitive advantage and financial strength pg 100 </p><p>Financial strength and environmental stability </p><p>43. Which of the following are the two external dimensions to be </p><p>considered in SPACE Matrix? </p><p>Select correct option: </p><p>Environmental stability and industrial strength pg 100 </p><p>Environmental stability and competitive advantage </p><p>Industrial strength and competitive advantage </p><p>Industrial strength and Financial strength </p><p>vustudents.netvu</p></li><li><p>MGT603 Latest Solved MCQs </p><p>44. Which of the following strategy generally entails large research and </p><p>development expenditures? </p><p>Select correct option: </p><p>Market penetration </p><p>Retrenchment </p><p>Forward integration </p><p>Product development 90 </p><p>45. External forces directly affects all of the following EXCEPT: </p><p>Select correct option: </p><p>Market segmentation strategies </p><p>Types of products/services offered </p><p>Management structure of organization pg 28 </p><p>Choice of businesses to acquire or sell </p><p>46. Which of the following is NOT included in the strategic </p><p>management model? </p><p>Select correct option: </p><p>Measure and evaluate performance. </p><p>Perform internal research to identify customers. Pg 10 </p><p>Establish long-term objectives. </p><p>Develop mission and vision statements. </p><p>47. Which one of the following strategies is referred as presenting </p><p>products, often with a little or no modification, to customers in </p><p>related marketing areas? </p><p>Select correct option: </p><p>Market development </p><p>Market penetration </p><p>Horizontal integration </p><p>Product development </p></li><li><p>MGT603 Latest Solved MCQs </p><p>48. Which strategy seeks to increase market share of present products </p><p>or services in present markets through greater marketing efforts? </p><p>Select correct option: </p><p>Market penetration 89 </p><p>Market development </p><p>Backward integration </p><p>Product development </p><p>49. Adding new, unrelated products or services is called: </p><p>Select correct option: </p><p>Forward integration </p><p>Backward integration </p><p>Conglomerate diversification pg 80 </p><p>Concentric diversification </p><p>50. Firm located in aggressive quadrant of a SPACE matrix is </p><p>recommended to practice any of the following strategies EXCEPT: </p><p>Select correct option: </p><p>Market penetration </p><p>Liquidation </p><p>Forward integration </p><p>Concentric diversification </p><p>51. Which of the following decisions determine the amount of funds </p><p>that are retained in a firm compared to the amount paid out to </p><p>stockholders? </p><p>Select correct option: </p><p>Financing </p><p>Investment </p><p>Capital </p><p>Dividend pg 64 </p><p>52. As managers move up the organization, they perform which of the </p><p>management function more? </p><p>Select correct option: </p><p>Leading </p></li><li><p>MGT603 Latest Solved MCQs </p><p>Controlling </p><p>Organizing </p><p>Planning </p><p>53. Which of the followings best describes the Horizontal integration? </p><p>Select correct option: </p><p>A firm takes over a supplier </p><p>A firm takes over a distributor </p><p>A firm takes over a competitor pg 80 </p><p>A firm takes over a manufacturer </p><p>54. Which strategy is appropriate when an organization competes in an </p><p>industry characterized by rapid technological developments? </p><p>Select correct option: </p><p>Retrenchment </p><p>Product development pg 90 </p><p>Liquidation </p><p>Market penetration </p><p>55. Which of the following stages of strategy formulation framework </p><p>involves developing Internal-External (IE) Matrix? </p><p>Select correct option: </p><p>Input stage </p><p>Output stage </p><p>Matching stage pg 97 </p><p>Decision stage </p><p>56. Departmentalization can be done on the basis of many factors </p><p>EXCEPT: </p><p>Select correct option: </p><p>Functions </p><p>Number of employees pg 56 </p><p>Strategic business units </p></li><li><p>MGT603 Latest Solved MCQs </p><p>Divisions </p><p>57. Which of the following can be best described as short-term in </p><p>nature? </p><p>Select correct option: </p><p>Mission statements </p><p>Annual objectives pg 10 </p><p>Strategies </p><p>Vision statement </p><p>58. Long-term objectives are needed at which level(s) of the </p><p>organization? </p><p>Select correct option: </p><p>Corporate level </p><p>Divisional level </p><p>Functional level </p><p>All of the given options pg 9 </p><p>59. What term refers to selling a division of an organization? </p><p>Select correct option: </p><p>Joint venture </p><p>Divestiture pg 80 </p><p>Liquidation </p><p>Horizontal integration </p><p>60. Which of the following refers to the bel...</p></li></ul>

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