Question 1

Political activity may have a significant impact on which of the following governmental functions?

Accepted Answer

A) Religious orientation 
B) Customer function 
C) Manufacturer function 
D) Social changes 
A) Religious orientation 
B) Customer function 
C) Manufacturer function 
D) Social changes

Question 2

In considering the competition's profile,a firm would NOT be concerned with which of the following?

Accepted Answer

A) Market share and breadth of product line 
B) Facility location and production capacity 
C) Financial position and caliber of personnel 
D) Salary of the chief executive and board of directors 
A) Market share and breadth of product line 
B) Facility location and production capacity 
C) Financial position and caliber of personnel 
D) Salary of the chief executive and board of directors

Question 3

Company actions that produce more useful goods and services while continuously reducing recourse consumption and pollution refers to

Accepted Answer

A) Product differentiation 
B) Economics of scale 
C) Barriers to entry 
D) Eco-efficiency 
A) Product differentiation 
B) Economics of scale 
C) Barriers to entry 
D) Eco-efficiency

Question 4

Which of these,according to Porter is NOT a force driving industry competition?

Accepted Answer

A) Threat of new entrants 
B) Bargaining power of buyers 
C) Bargaining power of distributors 
D) Threat of substitutes 
A) Threat of new entrants 
B) Bargaining power of buyers 
C) Bargaining power of distributors 
D) Threat of substitutes

Question 5

The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to

Accepted Answer

A) Technological forecasting 
B) Ecology 
C) Industry environment 
D) Operating environment 
A) Technological forecasting 
B) Ecology 
C) Industry environment 
D) Operating environment

Question 6

Which of the following is a factor that does NOT foster brand identification?

Accepted Answer

A) Advertising 
B) Customer service 
C) Product differences 
D) Price 
A) Advertising 
B) Customer service 
C) Product differences 
D) Price

Question 7

The need to invest large financial resources in order to compete creates

Accepted Answer

A) Increased supplier power 
B) Increased buyer power 
C) Increased jockeying for position 
D) A barrier to entry 
A) Increased supplier power 
B) Increased buyer power 
C) Increased jockeying for position 
D) A barrier to entry

Question 8

Purchasing behavior is often better predicted by:

Accepted Answer

A) Geographics 
B) Demographics 
C) Psychographics 
D) Reputation 
A) Geographics 
B) Demographics 
C) Psychographics 
D) Reputation

Question 9

Which environment compromises factors in the immediate competitive situation that affect a firm's success in acquiring needed resources?

Accepted Answer

A) Industry 
B) Remote 
C) Economic 
D) Operating 
A) Industry 
B) Remote 
C) Economic 
D) Operating

Question 10

Brand identity is a determinant of which of these forces driving industry competition?

Accepted Answer

A) Entry 
B) Rivalry 
C) Buyer power 
D) Supplier power 
A) Entry 
B) Rivalry 
C) Buyer power 
D) Supplier power

Question 11

Threats to life-supporting ecology caused principally by human activities is an industrial society are commonly referred to as

Accepted Answer

A) Technology 
B) Co-efficiency 
C) Pollution 
D) Product differentiation 
A) Technology 
B) Co-efficiency 
C) Pollution 
D) Product differentiation

Question 12

Business is now being held responsible for:

Accepted Answer

A) Using only underground dumping sites 
B) Cleaning up its previous environmental damage 
C) Municipal sewer systems 
D) Ensuring that a "thermal blanket" is created 
A) Using only underground dumping sites 
B) Cleaning up its previous environmental damage 
C) Municipal sewer systems 
D) Ensuring that a "thermal blanket" is created

Question 13

The external environment can be divided into various subcategories:

Accepted Answer

A) Remote,political,social 
B) Remote,social,operational 
C) Remote,industry,operating 
D) Technological and social 
A) Remote,political,social 
B) Remote,social,operational 
C) Remote,industry,operating 
D) Technological and social

Question 14

Four factors are mentioned which affect a firm's access to needed personnel.One of these factors is:

Accepted Answer

A) Geographic location 
B) Employee benefits 
C) National employment rates 
D) Availability of skills 
A) Geographic location 
B) Employee benefits 
C) National employment rates 
D) Availability of skills

Question 15

The considerations involving the beliefs,values,attitudes and opinions of those in a firm's environment represent the ______.

Accepted Answer

A) Social factors 
B) Personal factors 
C) Economic factors 
D) Political factors 
A) Social factors 
B) Personal factors 
C) Economic factors 
D) Political factors

Question 16

Industry growth has what characteristic(s)intense competitive rivalry?

Accepted Answer

A) Fast growth 
B) Moderate growth 
C) Slow growth 
D) Sporadic growth 
A) Fast growth 
B) Moderate growth 
C) Slow growth 
D) Sporadic growth

Question 17

The starting point for industry definition is

Accepted Answer

A) The firm's mission statement 
B) A focus group session with the firm's top managers 
C) The federal government's definition of the industry 
D) A definition of the industry in global terms 
A) The firm's mission statement 
B) A focus group session with the firm's top managers 
C) The federal government's definition of the industry 
D) A definition of the industry in global terms

Question 18

Suppliers can exert bargaining power on participants in an industry by:

Accepted Answer

A) Stabilizing their cost bas 
B) Lowering prices 
C) Raising prices 
D) Increasing the quality of services 
A) Stabilizing their cost bas 
B) Lowering prices 
C) Raising prices 
D) Increasing the quality of services

Question 19

A supplier group is powerful if:

Accepted Answer

A) It is not concentrated 
B) It is not obligated to contend with other products for sale to the industry 
C) Raw materials are the major input cost 
D) Its product is not unique 
A) It is not concentrated 
B) It is not obligated to contend with other products for sale to the industry 
C) Raw materials are the major input cost 
D) Its product is not unique

Question 20

Designing viable strategies for a firm requires a thorough understanding of the firm's industry and competition.Which one of the following is NOT a question the firm's executives need to address?

Accepted Answer

A) Who are our customers? 
B) What are the boundaries of the industry? 
C) What is the structure of the industry? 
D) Which firms are our competitors? 
A) Who are our customers? 
B) What are the boundaries of the industry? 
C) What is the structure of the industry? 
D) Which firms are our competitors?

Political activity may have a significant impact on which of the following governmental functions?

In considering the competition's profile,a firm would NOT be concerned with which of the following?

Company actions that produce more useful goods and services while continuously reducing recourse consumption and pollution refers to

Which of these,according to Porter is NOT a force driving industry competition?

The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to

Which of the following is a factor that does NOT foster brand identification?

The need to invest large financial resources in order to compete creates

Purchasing behavior is often better predicted by:

Which environment compromises factors in the immediate competitive situation that affect a firm's success in acquiring needed resources?

Brand identity is a determinant of which of these forces driving industry competition?

Threats to life-supporting ecology caused principally by human activities is an industrial society are commonly referred to as

Business is now being held responsible for:

The external environment can be divided into various subcategories:

Four factors are mentioned which affect a firm's access to needed personnel.One of these factors is:

The considerations involving the beliefs,values,attitudes and opinions of those in a firm's environment represent the ______.

Industry growth has what characteristic(s)intense competitive rivalry?

The starting point for industry definition is

Suppliers can exert bargaining power on participants in an industry by:

A supplier group is powerful if:

Designing viable strategies for a firm requires a thorough understanding of the firm's industry and competition.Which one of the following is NOT a question the firm's executives need to address?

Strategic Management

Company Mission

Corporate Social Responsibility and Business Ethics

The Global Environment

Internal Analysis

Long-Term Objectives and Strategies

Business Strategy

Multibusiness Strategy

Implementation

Organizational Structure

Leadership and Culture

Strategic Control

Innovation and Entrepreneurship

Filters

Exam 4: The External Environment

Political activity may have a significant impact on which of the following governmental functions?

In considering the competition's profile,a firm would NOT be concerned with which of the following?

Company actions that produce more useful goods and services while continuously reducing recourse consumption and pollution refers to

Which of these,according to Porter is NOT a force driving industry competition?

The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to

Which of the following is a factor that does NOT foster brand identification?

The need to invest large financial resources in order to compete creates

Purchasing behavior is often better predicted by:

Which environment compromises factors in the immediate competitive situation that affect a firm's success in acquiring needed resources?

Brand identity is a determinant of which of these forces driving industry competition?

Threats to life-supporting ecology caused principally by human activities is an industrial society are commonly referred to as

Business is now being held responsible for:

The external environment can be divided into various subcategories:

Four factors are mentioned which affect a firm's access to needed personnel.One of these factors is:

The considerations involving the beliefs,values,attitudes and opinions of those in a firm's environment represent the ______.

Industry growth has what characteristic(s)intense competitive rivalry?

The starting point for industry definition is

Suppliers can exert bargaining power on participants in an industry by:

A supplier group is powerful if:

Designing viable strategies for a firm requires a thorough understanding of the firm's industry and competition.Which one of the following is NOT a question the firm's executives need to address?

Strategic Management

Company Mission

Corporate Social Responsibility and Business Ethics

The Global Environment

Internal Analysis

Long-Term Objectives and Strategies

Business Strategy

Multibusiness Strategy

Implementation

Organizational Structure

Leadership and Culture

Strategic Control

Innovation and Entrepreneurship

Filters