Business Integration and Strategic Management Quiz

Question 1 (10 points)

An independent group of suppliers, such as farmers, gather to form a cooperative in order to sell their products to buyers directly, replacing their previous distributor. This is an example of

Question 1 options:

threat of entry.

threat of substitute products.

backward integration.

forward integration.

Question 2 (10 points)

The goal of strategic management is to:

Question 2 options:

Achieve and maintain competitive advantage

Achieve competitive advantage

Eliminate competitive advantage

Maintain competitive advantage

Question 3 (10 points)

Which of these requires a firm to establish annual objectives, devise policies, and allocate resources?

Question 3 options:

Strategy formulation

Strategy evaluation

Strategy manipulation

Strategy implementation

Question 4 (10 points)

Which of these involves comparing a firm against the best firms in the industry on a wide variety of performance-related criteria?

Question 4 options:



Competition base

Development strategy

Question 5 (10 points)

According to Porter, what is usually the most powerful of the five competitive forces?

Question 5 options:

Intensity of Rivalry among established firms

Bargaining power of buyers

Threat of substitutes

Risk of entry by potential competitors

Bargaining power of suppliers

Question 6 (10 points)

Technological advancements can create new ______ advantages that are more powerful than existing advantages.

Question 6 options:


Cost advantage

Profit advantage


Question 7 (10 points)

The act of oversight and direction for an organization is referred to as

Question 7 options:

Company Secretary

Corporate social responsibility

Company top management

Corporate Governance

Question 8 (10 points)

What are the four types of resources that can be used to achieve desired objectives?

Question 8 options:

financial, physical, Capital, technological.

financial, physical, human and technological.

Human, capital, R&D, technological, human

Question 9 (10 points)

Burger King opening its first restaurant in Japan is an example of which type of strategy?

Question 9 options:

Market Development

Diversification strategy

Development strategy

Promotion strategy

Question 10 (10 points)

Diversification into many unrelated areas is an example of:

Question 10 options:

Risk management

Uncertainty reduction

Good management


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