14247873
Question 1
Question
To perform an external assessment, a company first must
Answer
-
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
Question 2
Question
External assessments attempt to identify key variables that offer __________ responses.
Answer
-
actionable
-
authoritative
-
profitable
-
strategic
-
terminal
Question 3
Question
According to I/O theorists, which of the following contributes LEAST to firm's performance?
Answer
-
Economies of scale
-
barriers to market entry
-
product differentiation
-
internal resources
-
level of competitiveness
Question 4
Question
All of the following are political, governmental, and legal variables that can represent key opportunities or threats to organizations EXCEPT
Answer
-
tariffs
-
environmental regulations
-
level of defense expenditures
-
legislation on equal employment
-
population changes by race, age, sex, and level of affluence
Question 5
Question
WHat is NOT one of Michael Porter's fice competitive forces?
Answer
-
Potential entry of new competitors
-
Rivalry among competing firms
-
Bargaining power of unions
-
Bargaining power of supplieres
-
Bargaining power of consumers
Question 6
Question
Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms tends to
Answer
-
stay the same
-
increase
-
decrease
-
neutralize
-
become irrelevant
Question 7
Question
If suppliers are unreliable or too costly, which of these strategies may be appropriate?
Answer
-
Horizontal integration
-
backward integration
-
forward integration
-
market penetration
-
concentric diversification
Question 8
Question
When the products being purchased are standard or undifferentiated, it results in ________ bargaining power of consumers.
Answer
-
marginalized
-
lower
-
higher
-
negative
-
negligible
Question 9
Question
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
Answer
-
unethical business practices
-
artificial intelligence
-
competitive intelligence
-
industrial espionage
-
predictive intelligence
Want to create your own Quizzes for free with GoConqr? Learn more.