SMGT2256 Final Review 2026
Exam Questions and Correct
Answers | New Update
A winning strategy must pass which three tests? - 🧠 ANSWER ✔✔The fit
test, the competitive advantage test, and the performance test.
It is incorrect to say that a company's strategy evolves due to? - 🧠
ANSWER ✔✔A need to promote stability and retain the status quo.
,A winning strategy is one that? - 🧠 ANSWER ✔✔Fits the company's internal
and external situation, builds sustainable competitive advantage, and
improves company performance.
A company's business strategy is not likely to include? - 🧠 ANSWER ✔✔A
management's actions to revise the company's financial and strategic
performance targets.
Based upon its advertising slogan, the pizza restaurant that likely offers the
best value proposition to its customers is? - 🧠 ANSWER ✔✔Fast n' Fresh
Pizza: "Get fresh, hot pizza, delivered under 20 minutes -- or it's free."
To test the merits of a firm's strategy and distinguish it as a winning
strategy, which major question needs to be addressed? - 🧠 ANSWER ✔✔Is
the strategy helping the company achieve a sustainable competitive
advantage, and is it resulting in better company performance?
To improve performance, there are many different avenues for
outcompeting rivals such as? - 🧠 ANSWER ✔✔Strengthening
competitiveness by pursuing strategic alliances and collaborative
partnerships.
, To distinguish a winning strategy from a mediocre or losing strategy, a
strategic manager should ask which question? - 🧠 ANSWER ✔✔How well
does the strategy fit the company's situation?
Crafting a deliberate strategy involves develop strategy elements that? - 🧠
ANSWER ✔✔Consists of a blend of proactive new planned initiatives plus
ongoing strategy elements continued from prior periods.
In the course of crafting a strategy, managers typically do not? - 🧠
ANSWER ✔✔Share the strategy publicly to obtain additional customer and
shareholder support.
Good strategy combined with good strategy execution? - 🧠 ANSWER ✔✔Is
the clearest indicator of good management.
Why are crafting and executing business strategies the foremost tasks of
any organization? - 🧠 ANSWER ✔✔Because a good strategy coupled with
a good strategy execution are the most telling signs of good management
and allow a company to be a standout performer in the marketplace.
What separates a powerful strategy from a run-of-the-mill or ineffective
one? - 🧠 ANSWER ✔✔Management's ability to forge a series of actions,
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
Exam Questions and Correct
Answers | New Update
A winning strategy must pass which three tests? - 🧠 ANSWER ✔✔The fit
test, the competitive advantage test, and the performance test.
It is incorrect to say that a company's strategy evolves due to? - 🧠
ANSWER ✔✔A need to promote stability and retain the status quo.
,A winning strategy is one that? - 🧠 ANSWER ✔✔Fits the company's internal
and external situation, builds sustainable competitive advantage, and
improves company performance.
A company's business strategy is not likely to include? - 🧠 ANSWER ✔✔A
management's actions to revise the company's financial and strategic
performance targets.
Based upon its advertising slogan, the pizza restaurant that likely offers the
best value proposition to its customers is? - 🧠 ANSWER ✔✔Fast n' Fresh
Pizza: "Get fresh, hot pizza, delivered under 20 minutes -- or it's free."
To test the merits of a firm's strategy and distinguish it as a winning
strategy, which major question needs to be addressed? - 🧠 ANSWER ✔✔Is
the strategy helping the company achieve a sustainable competitive
advantage, and is it resulting in better company performance?
To improve performance, there are many different avenues for
outcompeting rivals such as? - 🧠 ANSWER ✔✔Strengthening
competitiveness by pursuing strategic alliances and collaborative
partnerships.
, To distinguish a winning strategy from a mediocre or losing strategy, a
strategic manager should ask which question? - 🧠 ANSWER ✔✔How well
does the strategy fit the company's situation?
Crafting a deliberate strategy involves develop strategy elements that? - 🧠
ANSWER ✔✔Consists of a blend of proactive new planned initiatives plus
ongoing strategy elements continued from prior periods.
In the course of crafting a strategy, managers typically do not? - 🧠
ANSWER ✔✔Share the strategy publicly to obtain additional customer and
shareholder support.
Good strategy combined with good strategy execution? - 🧠 ANSWER ✔✔Is
the clearest indicator of good management.
Why are crafting and executing business strategies the foremost tasks of
any organization? - 🧠 ANSWER ✔✔Because a good strategy coupled with
a good strategy execution are the most telling signs of good management
and allow a company to be a standout performer in the marketplace.
What separates a powerful strategy from a run-of-the-mill or ineffective
one? - 🧠 ANSWER ✔✔Management's ability to forge a series of actions,
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
