Strategic Management and Marketing - Strategic Management MCQ

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21. Match the following

List-I (Types of Objective)	List-II (Concepts)
(A) Performance Objective	1. Promotion in Position
(B) Individual Objective	2. Production
(C) Improvement Objective	3. Job Work
(D) Social Objective	4. Pollution Control
	5. Innovation

	A	B	C	D
(I)	3	1	2	4
(II)	1	2	3	4
(III)	1	3	5	4
(IV)	4	1	3	2

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Option : A
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22. Which is the functional area of Strategic Management?

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Option : D
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23. ____________ system is basically one of private enterprise in which decisions about what and how much to produce are left to discretion of owners and managers

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Option : B
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24. ______ is a tool used to establish processes, costs and performance indicator and to compare them against identical organisations with the objectives of identifying and progressing towards 'best practice and best value' through continuous improvement.

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Option : D
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25. Match the following

List-I (Elements of SWOT)	List-II (Examples)
(A) Strength	1. New entrant
(B) Weakness	2. Cost Advantage
(C) Opportunity	3. Ineffective promotion
(D) Threat	4. Diversified portfolio

	A	B	C	D
(I)	1	2	3	4
(II)	4	3	2	1
(III)	1	3	4	2
(IV)	4	2	3	1

Answer
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Option : B
Explanation :

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