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Strategic Planning & Management in Business Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What are the main components of the strategic management process?

Question 2 2. What type of strategy involves serving the unique or specialized needs of a segment of a market?

Question 3 3. Which of the following is not one of the steps in strategic planning?

Question 4 4. A cost strategy functions by:

Question 5 5. There are areas that you research when doing an environmental scan

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Question 6 6. Define how to develop a strategy.

Question 7 7. Which one of the following is the best description of strategic planning?

Question 8 8. What is a SWOT analysis?

Question 9 9. Why is a differentiation strategy difficult to utilize?

Question 10 10. How does the focus strategy differ from the other strategies identified in the lesson?

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Question 11 11. Which of the following is the name of a document that outlines an organization's core organizational values and its vision of what it wants to be and where it wants to go in the future?

Question 12 12. In the strategic management process, which step comes after environmental scanning?

Question 13 13. What's the relationship between objectives and strategic goals?

Question 14 14. What are key deliverables?

Question 15 15. Which of the following is the best explanation of a business strategy?

Strategic Planning & Management in Business Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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