Exam 3: Analyzing the External Environment

Conditions in a company's general, industry and competitor environments that "enable the firm to use its core competencies to achieve its vision" are known as

As industry growth slows

Which of the following products would be considered the BEST complementor to a personal computer?

In eastern Europe many state or government-owned enterprises have been transformed into private companies in a process known as

Changes in a society's attitudes and cultural values reflect demographic trends.

Conditions in a firm's general, industry and competitor environments with the potential to "prevent the firm from successfully using its core competencies" are known as

The substantial growth of the customer installation service businesses of Home Depot and Lowe's is primarily due to which of these demographic trends?

The increasing Hispanic population in the United States is a example of a(n)

The primary purpose of applying Michael Porter's five forces model is to

Substitute products pose a strong threat when they are more effective and priced lower than your existing products.

According to the text, the external environment is comprised of which segments or parts?

Competition in the airline industry in the United States has intensified by the entry of a small, nimble competitor known as

A group of firms that produce similar products is BEST known as

Economic trends affect customers' purchasing decisions and how firm's allocate their resources.

Which of the following IS NOT one of the five important global trends discussed in chapter three?

"Changes in organizations and interest groups that compete for a voice in developing and overseeing the body of laws and regulations that guide interactions among firms and nations" are known as

Companies that develop policies to reduce waste going to landfills are addressing which of the following?

Which of the following technological trends has played a significant role in the global economy?

The "one-time costs that customers incur when they decide to buy a product from a different supplier" are known as

A company's choice of which strategies to implement is a function of