To perform an external assessment, a company first must
get an approval from the Securities and Exchange Commission
perform an internal audit
gather competitive intelligence and information about external trends
hire a consultant to develop a comprehensive strategic plan
all of the above
External assessments attempt to identify key variables that offer __________ responses.
actionable
authoritative
profitable
strategic
terminal
According to I/O theorists, which of the following contributes LEAST to firm's performance?
Economies of scale
barriers to market entry
product differentiation
internal resources
level of competitiveness
All of the following are political, governmental, and legal variables that can represent key opportunities or threats to organizations EXCEPT
tariffs
environmental regulations
level of defense expenditures
legislation on equal employment
population changes by race, age, sex, and level of affluence
WHat is NOT one of Michael Porter's fice competitive forces?
Potential entry of new competitors
Rivalry among competing firms
Bargaining power of unions
Bargaining power of supplieres
Bargaining power of consumers
Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms tends to
stay the same
increase
decrease
neutralize
become irrelevant
If suppliers are unreliable or too costly, which of these strategies may be appropriate?
Horizontal integration
backward integration
forward integration
market penetration
concentric diversification
When the products being purchased are standard or undifferentiated, it results in ________ bargaining power of consumers.
marginalized
lower
higher
negative
negligible
A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called
unethical business practices
artificial intelligence
competitive intelligence
industrial espionage
predictive intelligence
