Leadership for Management & Business-Session 2

Leadership for Management & Business-Session 2

University

10 Qs

quiz-placeholder

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Leadership for Management & Business-Session 2

Leadership for Management & Business-Session 2

Assessment

Quiz

Professional Development

University

Hard

Created by

Mohammad Khan

Used 13+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A business can create a competitive advantage by________

Decreasing the price

Only selling the product online

Improving the quality of the product or service

Targeting the same market as its competitor

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which is the FIRST step in the strategic Management process?

Monitoring and evaluating strategies

Strategy formulation

Developing the vision and mission

Goals and Objectives

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following resources is a source of competitive advantage?

physical resources

human resources

organizational resources

all of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In logistics, a competitive advantage can be created by__________

offering more products

competing with similar products

providing superior value to customers

undertaking an analysis of competitors' weaknesses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Leadership is about....

Make people want to follow you

Make people agree with what you do

Solving business problems

Come up with ideas to make money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company’s strategic plan_____________

maps out the company’s history

links the company’s financial targets to control mechanisms

outlines the competitive moves and approaches to be used in achieving the desired business results

none of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Walmart established competitive advantage by_______

pricing lower than the local retailers

introducing barcode system

avoiding overstocking

all of these

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