Bus 496 Exam Guide

/////Ch 6 53) Strategy analysis and choice largely involves making ________ decisions based on ________ information. B) subjective; objective

54) Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies? E) Matching

55) Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix?
C) Stage 3

56) Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?
C) QSPM

57) Each of the nine techniques included in the strategy formulation framework rely on the use of
D) intuition and analysis.

58) Which stage of the strategy-formulation framework includes an Internal-Factor Evaluation Matrix and a Competitive Profile Matrix?
A) Input

59) Which stage of the strategy-formulation framework contains the Internal-Factor Evaluation Matrix?
A) Input stage

60) The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as
C) strategy.

61) Which section of the SWOT Matrix involves matching internal strengths with external opportunities?
E) The SO cell

62) Which strategies aim at improving internal weaknesses by taking advantage of external opportunities?
B) WO

63) Which strategies use a firm's strengths to avoid or reduce the impact of external threats?
D) ST

64) Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?
E) WT

65) How many cells are in a SWOT Matrix?
E) Nine

66) Which of the following is not one of the steps involved in constructing a SWOT Matrix?
D) List the firm's external weaknesses.

67) Which of the following is a limitation associated with a SWOT Matrix?
C) The matrix has no temporal qualities.
Answer: C

68) Which of these is not