MGT 8803 BUSINESS STRATEGY ACTUAL TEST PAPER 2026 COMPLETE QUESTIONS AND SOLUTIONS GRADED A+

MGT 8803 BUSINESS STRATEGY ACTUAL
TEST PAPER 2026 COMPLETE QUESTIONS
AND SOLUTIONS GRADED A+

●● planning.
Answer: setting performance objectives and deciding how to achieve
them


●● organizing.
Answer: arranging tasks, people, and other resources to accomplish the
work


●● leading.
Answer: inspiring and motivating workers to work hard to achieve
organizational goals


●● controlling.
Answer: measuring performance and taking action to ensure desired
results


●● strategy steps.
Answer: 1. set goals
2. superior (financial performance)

, 3. compare with competitors and against industry average
4. formulate over multiple levels of the organization that have to align


●● strategic business unit (SBU).
Answer: - profit center which focuses on product offering and market
segment
- winning in the market place
- a competitive advantage


●● strategy.
Answer: goal-directed actions a firm takes to gain and sustain superior
performance relative to competitors.


●● competitive advantage.
Answer: superior performance relative to other competitors in the same
industry or the industry average


●● strategic positioning.
Answer: A unique position within an industry that allows the firm to
provide value to customers while controlling costs. Requires trade offs


●● corporate strategy.
Answer: scope of the firm and the allocation of resouces across the firm