Vendor: CIMA
Certifications: CIMA Certifications
Exam Code: CIMAPRO15-E03-X1-ENG
Exam Name: E3 - Strategic Management Question Tutorial
Updated: Dec 01, 2023
Q&As: 60
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According to Porter's Five Forces model, which of the following would be evidence of high buyer power?
A. There is a low probability of backward integration.
B. Products are not standardized and buyers cannot easily switch to another product.
C. Buyers are fragmented and act independently of each other.
D. There is a concentration of buyers.
'Big data' refers to datasets whose size is outside the ability of typical database software tools to capture, store, manage and analyze.
Which of the following statements is NOT a valid statement with regard to 'big data'?
A. 'Big data' will require the right infrastructure, incentives and safeguards to address public concerns.
B. As technology advances overtime, the size of datasets that qualify as 'big data' will also increase.
C. The definition of 'big data' can vary by sector, depending on the software tools and dataset sizes common to a particular industry.
D. Sufficient analytical and managerial talent is available to exploit the opportunities associated with 'big data'.
Which of the following would be correct considerations when evaluating the Feasibility of a strategy? (Choose all that apply.)
A. Will there be sufficient time to implement the strategy?
B. Will the strategy exploit the core competencies of the business?
C. Will the strategy maintain competitive advantage?
D. Will customers object to the strategy?
E. Will the business be able to deal with the responses of its competitors to the strategy?
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