STRATEGY FORMULATION

Which of the following could be a weakness?

• A. A developing market such as the Internet

• B. Competitors with access to better channels of distribution

• C. Poor quality of goods and services

• D. Special marketing expertise

In Step 3(b) of Strategy Formulation, what is a common tool used to analyze external factors?

• A. SWOT analysis

• B. VRIO analysis

• C. PESTEL analysis

• D. Value chain analysis

Which stage of the strategic decision-making process is often considered the most important for the success of an organization?

• A. Strategy Implementation

• B. Evaluation and Control

• C. Strategy Formulation

• D. All stages are equally important
  

KIDO Group's Market Share: What is KIDO Group's market share in the cooking oil industry in Vietnam, as mentioned in the provided information?

• A. Approximately 10%

• B. About 20%

• C. Around 30%

• D. Over 40%

  
  

1. Propitious niche is...

• A. so well suited to the firm’s competitive advantages that other organizations are not likely to challenge or dislodge it.

• B. focuses on improving the competitive position within a specific industry that the business unit serves.

• C. where buyers and sellers can meet to facilitate the exchange or transaction of goods and services.

• D. an action that managers take to attain one or more of the organization's goals.

What does SFAS stand for in the context of strategic analysis?

• A. Strategic Factor Analysis Summary

• B. Strategic Framework for Analysis and Synthesis

• C. Strategic Factors Assessment System

• D. Strategic Fit Analysis System

 Which of the following SWOT elements are internal factors for a business?

• A. Opportunities and Threats

• B. Strengths and Opportunities

• C. Strengths and Weaknesses

• D. Weaknesses and Threats

How many steps are there in the Strategy Formulation?

• A. Five

• B. 6

• C. Seven

• 8

What should we do before scanning and assessing external and internal environment?

• A. Review corporate governance

• B. Select and recommend the best alternative

• C. Review and revise mission and objectives

• D. All are correct

KIDO Group's Weakness: According to the information, what is identified as a weakness for KIDO Group?

• A. High-quality ingredients

• B. Clear knowledge of goals

• C. Lack of distribution system

• D. Inefficient inventory management