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IASPStrategy Planning Professional Exam Sample Questions:

1. Which of the following practices is aligned with the company's purpose, mission, and strategies?

A) Clear out year-end inventories by expanding into factory outlets
B) Clear out year-end inventories by exporting to developed overseas markets like China
C) Allow high-end department store partners to clear year-end inventories through modest discounting
D) Write off and destroy year-end inventories

2. Which of the following best describes a marketing strategy?

A) Addresses the best way to achieve the overall business strategy, competitive advantage in a sustainable way
B) Must be established first before other strategies are set
C) Defines the organization's product market focus
D) Drives the operation's strategy

3. Which of the following is the MOST effective way to involve all key stakeholders in the strategic planning process?

A) Meet-and-greet events
B) Early and frequent participation in the process
C) Consensus on the selection of supporting consultants
D) Prompt flow-down of executive decisions

4. Which of the following is MOST important to ensure that planned improvements are meeting organizational objectives?

A) Stakeholder feedback
B) Clearly understood success measures
C) Environmental scanning
D) Organized teamwork

5. How do collaborative online tools affect an organization's way of interacting with its customers?

A) Can work for or against an organization
B) Diminish the organization's ability to manage its relationship with customers
C) Provide instant and continuous communication with customers
D) Provide various customer feedback tools

Solutions: