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MNB1501 ASSIGNMENT 4 FOR 2ND SEMESTER 2024 - Distinction
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MNB1501ASSIGNMENT 4 FOR 2ND SEMESTER 2024
FEND TUTORIALS
, Started on Friday, 26 July 2024, 3:04 PM
State Finished
Completed on Friday, 26 July 2024, 4:03 PM
Time taken 58 mins 22 secs
Marks 19.00/20.00
Grade 95.00 out of 100.00
Question 1
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Question text
A/an __________ goal refers to a goal that has been stated in such terms that the result can be
evaluated objectively and in quantified terms.
a.
relevant
b.
attainable
c.
measurable
d.
specific
Feedback
Your answer is correct.
The correct answer is measurable. Goals should be defined in such a way that they can be measured
objectively and quantified. Refer to section 7.6.
The correct answer is:
measurable
Question 2
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Question text
Which one of the following statements about strategic goals is incorrect?
a.
Whatsapp Marlvin @ +2763 173 8181
,Strategic goals should be clear, as tactical goals derive from them.
b.
Strategic goals include a vision statement, mission statement and long-term goals.
c.
Long-term strategic goals are derived from the organisation’s mission statement.
d.
Middle managers are responsible for formulating strategic goals that apply to the organisation
as a whole over the medium term.
Feedback
Your answer is correct.
The correct answer is middle managers are responsible for formulating strategic goals that apply to
the organisation as a whole over the medium term. This is untrue as middle managers are responsible
for functional or tactical goals. Refer to section 7.6.2.
The correct answer is:
Middle managers are responsible for formulating strategic goals that apply to the organisation as a
whole over the medium term.
Question 3
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Question text
By maintaining product relevance to the customer experience through constantly improving its
products and services, Capitec is adopting a corporate growth strategy known as ______________.
a.
integration
b.
concentration growth
c.
innovation
d.
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, diversification
Feedback
Your answer is correct.
The correct answer is innovation. Innovation involves introducing advancements in technology
and/or services through research and development. Refer to section 7.7.1.
The correct answer is:
innovation
Question 4
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Question text
The COVID-19 pandemic resulted in HBF Hotels having a big decline in profits. They were forced
to cut costs and get rid of unprofitable hotels in certain areas for the survival of their business. What
specific corporate strategy did HBF Hotels adopt to cope during the pandemic?
a.
innovation strategy
b.
divestiture strategy
c.
diversification strategy
d.
turnaround strategy
Feedback
Your answer is incorrect.
The correct answer is turnaround strategy. Turnaround occurs when an organisation experiences
difficult times and its profits decline over an extended period, forcing it to reduce costs by cutting
unprofitable products, disposing of unprofitable resources (asset reduction, retrenchment or
divestiture) and implementing strategies to improve the effectiveness of management. Refer to
section 7.7.1.2.
The correct answer is:
turnaround strategy
Question 5
Correct
Mark 1.00 out of 1.00
Whatsapp Marlvin @ +2763 173 8181
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