Question 1

A company's "motivation to leverage its resources and capabilities to reach its vision" is known as

Accepted Answer

A)  competitive rivalry 
B)  market dependence 
C)  strategic intent 
D)  complementary action 
A)  competitive rivalry 
B)  market dependence 
C)  strategic intent 
D)  complementary action

Question 2

The global environmental trend that will result in a sever shortage of workers is known as

Accepted Answer

A)  the employment power shift 
B)  a downside of nanotechnology 
C)  repatriation 
D)  outsourcing 
A)  the employment power shift 
B)  a downside of nanotechnology 
C)  repatriation 
D)  outsourcing

Question 3

When a supplier is able to increase the price of its product or reduce the quality of the product while maintaining the same price, that supplier possesses significant

Accepted Answer

A)  bargaining power 
B)  substitute products 
C)  switching costs 
D)  capital requirements 
A)  bargaining power 
B)  substitute products 
C)  switching costs 
D)  capital requirements

Question 4

Which of the following conditions DOES NOT increase the intensity of competitive rivalry?

Accepted Answer

A)  undifferentiated products 
B)  low switching costs 
C)  fast industry growth 
D)  high fixed costs of exit 
A)  undifferentiated products 
B)  low switching costs 
C)  fast industry growth 
D)  high fixed costs of exit

Question 5

A high degree of differentiation between competitors' products decreases competitive rivalry.

Accepted Answer

A) True 
 B)False

Question 6

High interest rate loans designed for people with prior credit problems are known as

Accepted Answer

A)  prime rate loans. 
B)  junk bonds. 
C)  subprime loans. 
D)  repackaged securities. 
A)  prime rate loans. 
B)  junk bonds. 
C)  subprime loans. 
D)  repackaged securities.

Question 7

A company's motivation to leverage its resources and capabilities to reach its vision is known as market dependence.

Accepted Answer

A) True 
 B)False

Question 8

Changes in a society's attitudes and cultural values are known as

Accepted Answer

A)  demographic trends 
B)  socio-cultural trends 
C)  technological trends 
D)  global trends 
A)  demographic trends 
B)  socio-cultural trends 
C)  technological trends 
D)  global trends

Question 9

Licensing and permit requirements in liquor retailing and banking are examples of barriers to entry that are based on government policy.

Accepted Answer

A) True 
 B)False

Question 10

One reason that managers analyze conditions in the external environment is to help them select a strategy to implement.

Accepted Answer

A) True 
 B)False

Question 11

In the airline industry, specialized assets create significant exit barriers and intensify the rivalry among competitors.

Accepted Answer

A) True 
 B)False

Question 12

Home Depot and Lowes' installation service businesses are expected to grow as the population ages.

Accepted Answer

A) True 
 B)False

Question 13

This global organization, based in Geneva, is responsible for establishing trade rules in the global environment.

Accepted Answer

A)  European Commission (E
C)  
B)  World Trade Organization (WTO) 
C)  Federal Trade Administration (FT
A)  
D)  Food and Drug Administration (FD
A)  
A)  European Commission (E
C)  
B)  World Trade Organization (WTO) 
C)  Federal Trade Administration (FT
A)  
D)  Food and Drug Administration (FD
A)

Question 14

Competitive rivalry is usually based on which of the following dimensions?

Accepted Answer

A)  price 
B)  quality 
C)  innovation 
D)  Competitive rivalry can be based on any of these dimensions. 
A)  price 
B)  quality 
C)  innovation 
D)  Competitive rivalry can be based on any of these dimensions.

Question 15

Which of the following IS NOT a political/legal trend that can influence how a company implements strategy?

Accepted Answer

A)  reduction of interest rates to increase consumer spending 
B)  taxation policies 
C)  labor laws 
D)  anti-trust regulations and policies 
A)  reduction of interest rates to increase consumer spending 
B)  taxation policies 
C)  labor laws 
D)  anti-trust regulations and policies

Question 16

Income growth or decline, savings rates, and currency exchange rates are examples of economic trends.

Accepted Answer

A) True 
 B)False

Question 17

When a company tries to understand the competition, it should gather information about

Accepted Answer

A)  the competitors' strategic intent 
B)  the competitors' current strategies 
C)  the competitors' strengths and weaknesses 
D)  all of these 
A)  the competitors' strategic intent 
B)  the competitors' current strategies 
C)  the competitors' strengths and weaknesses 
D)  all of these

Question 18

If a customer perceives that an established firm's products meet his/her needs in a unique way, the firm has succeeded in establishing

Accepted Answer

A)  economies of scale 
B)  differentiation 
C)  switching costs 
D)  capital requirements 
A)  economies of scale 
B)  differentiation 
C)  switching costs 
D)  capital requirements

Question 19

What are the components of the general environment and why is it important to understand them.

Accepted Answer

The general environment consists of demo

Question 20

Powerful suppliers can either increase the price of their product or reduce the quality while selling it at the same price.

Accepted Answer

A) True 
 B)False

A company's "motivation to leverage its resources and capabilities to reach its vision" is known as

The global environmental trend that will result in a sever shortage of workers is known as

When a supplier is able to increase the price of its product or reduce the quality of the product while maintaining the same price, that supplier possesses significant

Which of the following conditions DOES NOT increase the intensity of competitive rivalry?

A high degree of differentiation between competitors' products decreases competitive rivalry.

High interest rate loans designed for people with prior credit problems are known as

A company's motivation to leverage its resources and capabilities to reach its vision is known as market dependence.

Changes in a society's attitudes and cultural values are known as

Licensing and permit requirements in liquor retailing and banking are examples of barriers to entry that are based on government policy.

One reason that managers analyze conditions in the external environment is to help them select a strategy to implement.

In the airline industry, specialized assets create significant exit barriers and intensify the rivalry among competitors.

Home Depot and Lowes' installation service businesses are expected to grow as the population ages.

This global organization, based in Geneva, is responsible for establishing trade rules in the global environment.

Competitive rivalry is usually based on which of the following dimensions?

Which of the following IS NOT a political/legal trend that can influence how a company implements strategy?

Income growth or decline, savings rates, and currency exchange rates are examples of economic trends.

When a company tries to understand the competition, it should gather information about

If a customer perceives that an established firm's products meet his/her needs in a unique way, the firm has succeeded in establishing

What are the components of the general environment and why is it important to understand them.

Powerful suppliers can either increase the price of their product or reduce the quality while selling it at the same price.

The Foundations of Strategic Management

Leading Strategically

Analyzing the Firm

Business-Level Strategy

Multiproduct Strategies

Acquiring and Integrating Businesses

Competing Across Borders

Creating and Maintaining Alliances

Innovating Through Strategic Entrepreneurship

Filters

Exam 3: Analyzing the External Environment

A company's "motivation to leverage its resources and capabilities to reach its vision" is known as

The global environmental trend that will result in a sever shortage of workers is known as

When a supplier is able to increase the price of its product or reduce the quality of the product while maintaining the same price, that supplier possesses significant

Which of the following conditions DOES NOT increase the intensity of competitive rivalry?

A high degree of differentiation between competitors' products decreases competitive rivalry.

High interest rate loans designed for people with prior credit problems are known as

A company's motivation to leverage its resources and capabilities to reach its vision is known as market dependence.

Changes in a society's attitudes and cultural values are known as

Licensing and permit requirements in liquor retailing and banking are examples of barriers to entry that are based on government policy.

One reason that managers analyze conditions in the external environment is to help them select a strategy to implement.

In the airline industry, specialized assets create significant exit barriers and intensify the rivalry among competitors.

Home Depot and Lowes' installation service businesses are expected to grow as the population ages.

This global organization, based in Geneva, is responsible for establishing trade rules in the global environment.

Competitive rivalry is usually based on which of the following dimensions?

Which of the following IS NOT a political/legal trend that can influence how a company implements strategy?

Income growth or decline, savings rates, and currency exchange rates are examples of economic trends.

When a company tries to understand the competition, it should gather information about

If a customer perceives that an established firm's products meet his/her needs in a unique way, the firm has succeeded in establishing

What are the components of the general environment and why is it important to understand them.

Powerful suppliers can either increase the price of their product or reduce the quality while selling it at the same price.

The Foundations of Strategic Management

Leading Strategically

Analyzing the Firm

Business-Level Strategy

Multiproduct Strategies

Acquiring and Integrating Businesses

Competing Across Borders

Creating and Maintaining Alliances

Innovating Through Strategic Entrepreneurship

Filters