Pass ACCA, ACCA Malaysia, ACCA Course, ACCA P3, Michael, Experienced Lecturer,

1. QUIZ 1: BASIC STRATEGY
Michael Mainwaring
TRUE OR FALSE ?
1 Corporate strategy means the strategy of the company. T F
2 Strategy as process means strategic analysis, choice & implementation. T F
3 CSFs only apply to industries. T F
4 A monopoly does not face competition. T F
5 The value chain model is most relevant to SCM. T F
6 If a strategy is not suitable it will not be acceptable. T F
7 All businesses in a country will be equally affected by the PESTEL factors. T F
8 All businesses in an industry will be equally affected by 5 force factors. T F
9 The primary value chain activities are the most important ones. T F
10 Differentiation means being better than competitors. T F
11 Overall cost leadership means having the lowest price in the industry. T F
12 Synergy is the benefit from value chain and system integration. T F
13 An industry which has low entry barriers will not be attractive for long but an industry
with high barriers will be sustainably attractive.
T F
14 Ansoff, Porter and Zook share the same view on diversification. T F
15 Process analysis is internal analysis rather than implementation. T F
16 According to JSW, capability and competence are the same. T F
17 The size of the market is not affected by the strategies of competitors. T F
18 A business with 50% 0f the market will get experience curve benefits. T F
19 A business with an rms of 1.5 should get experience curve benefits. T F
20 A national diamond is applicable to market development strategies. T F
Please email your answer to accasuccess88@gmail.com for marking.