i have question of Management Strategic, i want to find Answer of it.
1-_______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid for it.
B-Consumer lifetime value
D-Consumer price index
2-Which of the following financial ratios typically indicates a company’s efficiency in extending credit, as well as collecting debts?
B-return on revenue
D-fixed asset turnover
3-Economic contribution is created when the
A-revenue generated by selling a unit of a product is equal to the cost incurred by the firm in producing it.
B-price a customer is willing to pay for a good or service is more than the cost the firm incurs to produce it.
C-price a customer is willing to pay for a good is less than what it costs the firm to manufacture it.
D-value a consumer attaches to a good or service is lesser than what he or she paid for it.
4-When using the balanced scorecard approach to assess a firm’s performance, which of the following is not a key question that managers need to answer?
A-How do customers view us?
B-How do we create value?
C-What intangible assets do we need?
D-How do shareholders view us?
5-If a company has 25 million shares outstanding, and each share is traded at $400, the ______ is $10 billion.
A-total return to shareholders
C-customer lifetime value
D-return on revenue
6-Chat Room is an instant messaging mobile application. Initially, users were not charged. However, after a period of six months, the users had to pay for a fee to use the upgraded version of the application with advanced features. Which of the following business models does this best illustrate?
7-The idea that all available information about a firm’s past, current state, and expected future performance is embedded in the market price of the firm’s stock is called the
A-time compression economies.
8-Which of the following is a disadvantage of the balanced scorecard approach to measure firm performance?
A-It fails to allow managers and executives to find a balance between financial and strategic goals.
B-It only relies on an internal view of the firm, ignoring the external view.
C-It fails to allow managers to align their different perspectives to create a more focused corporation overall.
D-It provides only limited guidance about which performance metrics to choose.
9-In the financial year 2014, Apple’s return on revenue was 29.30 percent, and Microsoft’s return on revenue was 32 percent. This implies that
A-Microsoft was more efficient than Apple in producing its goods.
B-Apple’s inventory turnover was more than that of Microsoft’s.
C-Microsoft was using its capital more efficiently to generate revenue than Apple.
D-Microsoft’s return on revenue was higher than that of Apple.
10-Which of the following is not a disadvantage of the balanced scorecard approach?
A-It is a tool merely for strategy implementation, not for strategy formulation.
B-It fails to allow managers to prepare the company for future growth.
C-It fails to provide much insight into how metrics that deviate from the set goals can be put back on track.
D-It provides only limited guidance about which metrics to choose to measure competitive advantage.