
Business Strategy Quiz
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard
Jennifer Brown
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary role of a business strategy?
To expand the physical office space
To reduce the cost of production
To ensure a firm can compete and grow profitably
To increase the number of employees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is competitive advantage best described?
An absolute measure of a firm's success
A firm's ability to outperform its competitors
A temporary increase in sales
A reduction in operational costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a reason why strategy is important?
It helps in leadership development
It enhances productivity
It provides direction
It ensures immediate profits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in formulating a business strategy?
Understanding the goals
Understanding the industry
Evaluating the strategy
Implementing the strategy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to discuss the strategy with team members?
To avoid any form of critique
To ensure everyone agrees with the strategy
To open the strategy to constructive criticism
To finalize the strategy without changes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be done after implementing a business strategy?
Stop all strategic activities
Evaluate and modify it as needed
Forget about it and move on
Immediately create a new strategy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key aspect of strategic management?
Ignoring industry trends
Looking towards the company's future
Focusing only on short-term gains
Avoiding any form of planning
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