In which situation does flexibility in strategy become necessary?
Correct answer: A
Strategy must adjust in a changing environment. In exams connect dynamic environment with strategy flexibility.
Business Studies
Strategy
रणनीति
In this Class 12 Business Studies topic from the chapter Planning, students learn how a strategy provides a broad, future-oriented approach for achieving organisational objectives. They explore how managers select courses of action by considering business conditions, available resources, competition and changing circumstances. The topic also helps distinguish strategy from related planning elements such as policies, procedures, methods, rules, programmes and budgets, showing how each supports systematic decision-making and coordinated action.
Medium · Level 4 · 25 questions
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Medium · Level 4
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- When customer preferences and technology change quickly
- When office chairs change
- When register colour changes
- When tea time changes
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- Rule making
- Choosing customer segment and price direction
- Choosing machine method
- Making expense register
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- Making safety shoes compulsory
- Launching a health snack range after seeing rising fitness interest
- Writing expense limit
- Writing goods checking sequence
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- Procedure
- Method
- Rule
- Strategy
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- Future direction and resource use
- Employee daily tea list
- Cleaning technique of one machine
- Only cash counting
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- Rule strategy
- Cleaning method
- Market development strategy
- Budget control
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- It is broad course of action for long term objectives
- It is only an order to punish
- It is only expense limit
- It is only method of cleaning
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- Differentiation strategy
- Procedure
- Method
- Rule
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- Office rule
- Strategy according to cost situation
- Payment sequence
- Machine method
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- Making local partnership in a new market
- Order of application checking test and interview in recruitment
- Competing with low price
- Creating premium brand image
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- To choose product and market direction according to customers
- To write salary slip
- To choose office colour
- To remove attendance rule
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- Budget
- Rule
- Method
- Strategy
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- Strategic brand improvement
- Daily rule
- Payment method
- Storage sequence
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- Procedure strategy
- Cost leadership strategy
- Rule strategy
- Method strategy
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- Objective
- Budget
- Strategy
- Rule
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- Adding tax advisory service due to new tax rules
- Writing file sequence
- Giving identity card to employee
- Cleaning machine
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- Opportunity based strategy
- Penalty rule
- Office method
- Payment sequence
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- Adopting rural distribution model
- Increase market share by 5 percent next year
- Creating premium image
- Choosing online channel
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- Cleaning method
- Entry rule
- Need based strategy
- Expense register
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- Strong research team and rising demand for new technology
- Fine for late coming and attendance register
- Machine cleaning and file sequence
- Expense limit and cash counting
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- Differentiation strategy
- Daily procedure
- Office rule
- Salary budget
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- Finding new customer uses and new areas
- Only cleaning table
- Writing daily attendance
- Giving file red colour
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- When a statement gives general decision guidance instead of broad market direction
- When statement responds to competition
- When statement chooses a new market
- When statement changes customer segment
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- Focus strategy
- Budget
- Procedure
- Rule
Medium · Level 4
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- It is a broad course of action chosen after studying market opportunities threats and resources
- It is only a method of one machine
- It is only an expense estimate
- It is only a prohibitive command
A sports brand decides to make affordable sports kits for school teams. Which strategic decision does this show?
Correct answer: B
School teams and affordable price are market strategy. In exams understand segment plus pricing as strategy.
Which statement shows a strategy using an opportunity?
Correct answer: B
Fitness interest is an opportunity and health snack range is strategic action. In exams treat opportunity based action as strategy.
A company focuses on local taste and reliable service after seeing threat from foreign imports. What is this?
Correct answer: D
Foreign imports are a threat and local differentiation is response strategy. In exams identify threat response as strategy.
Strategy is most related to what?
Correct answer: A
Strategy decides future direction and use of resources. In exams connect resource use and direction with strategy.
A company plans to sell its old successful product in new cities. This is an example of which strategy?
Correct answer: C
Selling old product in new cities is market development. In exams identify existing product and new market.
Which statement best identifies strategy?
Correct answer: A
Strategy is broad direction to achieve long term objectives. In exams treat broad course of action as strategy.
If a company adopts scented packaging to create a different identity from its rival then which strategy is it?
Correct answer: A
Adopting a special feature to create distinct identity is differentiation. In exams understand unique feature as differentiation.
A company plans to use smaller packs and alternative material due to rising raw material cost. This relates to what?
Correct answer: B
Changing product and material direction in response to rising cost is strategy. In exams understand cost pressure response as strategy.
Which option is a procedure rather than strategy?
Correct answer: B
The second option states order of steps so it is procedure. In exams do not treat sequence as strategy.
Why are customer preferences studied while making strategy?
Correct answer: A
Customer preference affects market direction. In exams understand customer preference as strategy input.
A bicycle company launches a light urban bicycle range for working people after petrol becomes costly. This is an example of which plan?
Correct answer: D
Changing product direction after seeing fuel cost and customer need is strategy. In exams treat economic trend response as strategy.
A company makes a famous sportsperson its promotional face to improve weak brand identity. What is this?
Correct answer: A
Changing promotional direction in response to weak brand identity is strategy. In exams understand brand weakness response as strategy.
In which strategy does a company sell its product at low price due to low cost?
Correct answer: B
Keeping low price based on low cost is cost leadership strategy. In exams identify low cost advantage.
If a company's target is to increase profit and it adopts a broad direction of reducing cost then what is the cost reduction direction?
Correct answer: C
Profit target is objective and broad direction of reducing cost is strategy. In exams keep target and route separate.
Which option shows strategy in response to a threat?
Correct answer: A
New tax rules are external threat or challenge and adding service is strategy. In exams treat external challenge response as strategy.
An institution uses a government digital education scheme to start low cost online courses. Which strategy does this show?
Correct answer: A
Government scheme is an opportunity and online courses are strategic response. In exams treat opportunity as strategy input.
Which statement shows an objective rather than strategy?
Correct answer: B
The second statement is a measurable target so it is objective. In exams understand percentage target as objective.
A furniture company focuses on foldable furniture for small homes. What does this show?
Correct answer: C
Product direction is chosen after seeing the need of small homes. In exams treat customer need based direction as strategy.
Which is the correct match of internal strength and external opportunity in strategy?
Correct answer: A
Strong research team is internal strength and demand for new technology is external opportunity. In exams connect such fit with strategy.
A company decides to show certified material and test reports to stand apart from low quality cheap alternatives. This relates to what?
Correct answer: A
Certified material creates trusted distinct identity. In exams understand trust based differentiation as strategy.
If market demand is falling then which decision can be strategic?
Correct answer: A
Finding new uses and areas during falling demand changes market direction. In exams treat demand fall response as strategy.
When can confusion between strategy and policy occur?
Correct answer: A
General decision guidance is policy not strategy. In exams keep guidance and market direction separate.
A company decides to promote the product only for environment conscious youth. This is an example of which strategy?
Correct answer: A
Focusing on a specific youth group is focus strategy. In exams understand narrow target group as focus strategy.
Which statement gives an exam useful definition of strategy?
Correct answer: A
Strategy is an analysis based broad course of action. In exams treat opportunities threats and resources as strategy keywords.
QUIZ COMPLETE