1. What is the role of strategy
A. Make best use of resources
B. Achieve competitive advantage
C. Make profits for the organization
D. Make the best products and services

2. How does Porter (1996) in his article describes strategy as
A. Different
B. Better
C. Bigger
D. Open minded

3. What other component does an organization's external environment consists of, the general or macro environment and
A. The internal environment
B. The competitive environment
C. The specific environment
D. The micro-environment

4. What were the antecedents in evolution of strategy
A. Military conflicts
B. Industrial economics
C. Sociology
D. Politics, economics and philosophy

5. What are the key activities in the strategic management process
A. Analysis, formulation, review
B. Analysis, implementation, review
C. Analysis, formulation, implementation
D. Formulation, analysis, implementation

Answers:      1 (B), 2 (A), 3 (B), 4 (A), 5 (C)

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