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STRATH (MIDTERM)
Contributed by: Banog
  • 1. Corporate strategy is about deciding where the organization wants to compete. Without it, resources may be wasted, and efforts fragmented.
A) "How to"
B) "What business are we in?"
C) "big-picture thinking"
D) Why do we exist"
  • 2. Functional strategies are developed to:
A) Ensure each department contributes directly to achieving the business strategy
B) Choose which industry the company should enter
C) To achieve a competitive advantage in a specific market or industry
D) Define the company's overall mission
  • 3. Why is alignment across strategy levels important?
A) Focuses solely on marketing performance
B) Allows departments to operate independently without coordination
C) Ensures cohesive organizational direction and efficient resource use
D) Helps employees choose their favorite tasks
  • 4. An Example: A hotel chain expanding into resorts, cruise services, and restaurants.
A) functional strategy
B) "big-picture thinking"
C) What is the daily operation schedule?"
D) Corporate Strategy
  • 5. Which of the following best describes business strategy?
A) How to compete successfully in a specific industry or market
B) Allocating resources across all business units
C) Developing company-wide long-term vision
D) Managing internal departmental routines
  • 6. Which statement best defines the goal of business strategy?
A) To expand into any industry without analysis
B) Ensure each department contributes directly to achieving the business strategy
C) To design internal departmental workflows
D) To achieve a competitive advantage in a specific market or industry
  • 7. What is the main focus of corporate strategy?
A) Determining the overall purpose and scope of the organization
B) Deciding day-to-day operational tasks
C) Setting employee schedules
D) Designing marketing campaigns
  • 8. The main goal of business strategy is to:
A) Ensure the business unit can outperform competitors in its market
B) Monitor day-to-day operations
C) Select industries for corporate diversification
D) Implement HR policies
  • 9. Functional strategy is primarily concerned with:
A) Establishing the company's mission and vision
B) How to compete successfully in a specific industry or market
C) Choosing which industries the company should enter
D) Translating business strategy into department-level objectives and tactics
  • 10. What question does corporate strategy answer?
A) What business are we in?"
B) "What is the daily operation schedule?"
C) How do we execute departmental tasks?
D) Which marketing campaign should we run?"
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