1. What is the primary purpose of strategic management?
A) Short-term profitability
B) Long-term organizational success
C) Employee satisfaction
D) Tactical decision-making
2. Which of the following is an internal factor in a SWOT analysis?
A) Economic conditions
B) Technological advancements
C) Organizational strengths
D) Market competition
3. Corporate-level strategy is concerned with:
A) Managing day-to-day operations
B) Managing relationships with suppliers
C) Decisions about the entire organization
D) Marketing and sales strategies
4. What is the purpose of a competitive advantage in strategic management?
A) Short-term gains
B) Market dominance
C) Reducing operational costs
D) Meeting legal requirements
5. Strategic alliances involve collaboration between organizations to:
A) Compete aggressively
B) Share resources and capabilities
C) Avoid market entry
D) Eliminate competition
6. What is the key benefit of a well-defined mission and vision in strategic planning?
A) Increasing short-term profits
B) Attracting more customers
A) Short-term profitability
B) Long-term organizational success
C) Employee satisfaction
D) Tactical decision-making
2. Which of the following is an internal factor in a SWOT analysis?
A) Economic conditions
B) Technological advancements
C) Organizational strengths
D) Market competition
3. Corporate-level strategy is concerned with:
A) Managing day-to-day operations
B) Managing relationships with suppliers
C) Decisions about the entire organization
D) Marketing and sales strategies
4. What is the purpose of a competitive advantage in strategic management?
A) Short-term gains
B) Market dominance
C) Reducing operational costs
D) Meeting legal requirements
5. Strategic alliances involve collaboration between organizations to:
A) Compete aggressively
B) Share resources and capabilities
C) Avoid market entry
D) Eliminate competition
6. What is the key benefit of a well-defined mission and vision in strategic planning?
A) Increasing short-term profits
B) Attracting more customers
