MGT603 Final Term MCQs 2026 by VUBuddy

Q1. Identify the Important strategy-formulation techniques in stage-3 (Decision stage) in a comprehensive strategy formulation framework.

1. SPACE Matrix
2. TWOS Matrix
3. QSPM
4. BCG Matrix

Correct answer: QSPM

Q2. Tesco is opening fewer stores in Britain to divert capital expenditures to China. Tesco is pursuing which one of the following type strategies?

1. Forward integration
2. Market penetration
3. Product development
4. Market development

Correct answer: Market development

Q3. The strategy embraced by Ahmad Bros. is to address the needs of a very selected and specialized market segment. That is most likely to engage in which one of the following types of strategy?

1. Low cost strategy
2. Generic strategy
3. Focus strategy
4. Differentiation strategy

Correct answer: Focus strategy

Q4. Which stage of the strategy-formulation framework consists of the Quantitative Strategic Planning Matrix?

1. Decision stage
2. Matching stage
3. Formulation framework
4. All of the given options

Correct answer: Decision stage

Q5. In BCG matrix, identify the right quadrant for “Stars”.

1. Quadrant IV
2. Quadrant III
3. Quadrant I
4. Quadrant II

Correct answer: Quadrant I

Q6. Focus strategy is also called:

1. None of the given options
2. Cost Leadership Strategy
3. Niche Strategy
4. Magnifying Strategy

Correct answer: Niche Strategy

Q7. A joining of two companies through one company buying more than one half of the other company's stocks is known as:

1. Monopolization
2. A spin-off
3. A merger
4. An acquisition

Correct answer: An acquisition

Q8. SPACE matrix contains four-quadrant named aggressive, conservative, defensive, or competitive strategies. The axes of SPACE matrix represent which of the following two internal dimensions?

1. CA & IS
2. FS & CA
3. FS & ES
4. ES & IS

Correct answer: FS & CA

Q9. The SMART goal criteria ‘Relevant’ suggests which one of the following?

1. Are you able to assess your progress?
2. Do you know exactly what you want to accomplish?
3. What is the deadline for completing your goal?
4. Is your goal relevant towards your purpose in life?

Correct answer: Is your goal relevant towards your purpose in life?

Q10. According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?

1. Retrenchment
2. Conglomerate diversification
3. Market penetration
4. Joint venture

Correct answer: Market penetration

Q1. Strategies that are designed to appeal customers with a special sensitivity for a particular product attribute are dependent on which of the following?

1. Focus strategy
2. Differentiation strategy
3. Low cost strategy
4. Niche strategy

Correct answer: Niche strategy

Q2. Which of the following has become a popular strategy for firms who want to reduce their level of diversification and focus on core strengths?

1. Acquisition
2. Liquidation
3. Divestiture
4. Joint venture

Correct answer: Divestiture

Q3. A firm that is involved in two or more distinct businesses is known as:

1. A ventured company
2. A diversified company
3. A restructured company
4. A multinational corporation

Correct answer: A diversified company

Q4. Business units that have low market share and are operating in slow-growing industry should choose all of the following EXCEPT:

1. Product innovation
2. Distribution efficiency
3. Production efficiency
4. New investments

Correct answer: New investments

Q5. “Sets of strategies can be examined sequentially or simultaneously” is one of the positive features of which one of the following matrix?

1. QSPM
2. SPACE Matrix
3. BCG
4. GS Matrix

Correct answer: QSPM

Q6. Which one of the following is not considered as a Michael Porter generic strategy?

1. Integration
2. Focus
3. Cost leadership
4. Differentiation

Correct answer: Integration