Question 1

What is the range for a firm's total weighted score in a Competitive Profile Matrix (CPM)?

Accepted Answer

A)  0 to 4 
B)  0 to 5 
C)  1 to 4 
D)  1 to 5 
E)  0 to 10 
A)  0 to 4 
B)  0 to 5 
C)  1 to 4 
D)  1 to 5 
E)  0 to 10

Question 2

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

Accepted Answer

A) True 
 B)False

Question 3

U.S. households are making more and more purchases online.

Accepted Answer

A) True 
 B)False

Question 4

When the products being purchased are standard or undifferentiated, it results in ________ bargaining power of consumers.

Accepted Answer

A)  marginalized 
B)  lower 
C)  higher 
D)  negative 
E)  negligible 
A)  marginalized 
B)  lower 
C)  higher 
D)  negative 
E)  negligible

Question 5

According to Michael Porter, five competitive forces define the nature of competitiveness in a given industry: 1) rivalry among competing firms, 2) potential entry of new competitors, 3) potential development of substitute products, 4) bargaining power of suppliers, and 5) bargaining power of consumers.

Accepted Answer

A) True 
 B)False

Question 6

According to Michael Porter, what are the forces that together define the nature of competitiveness in a given industry. Discuss the one force that is usually the most powerful.

Accepted Answer

According to Porter, the nature of compe

Question 7

Assumptions have no place in planning.

Accepted Answer

A) True 
 B)False

Question 8

Remaining solely domestic is an increasingly safe strategy for U.S. companies.

Accepted Answer

A) True 
 B)False

Question 9

Economic factors do not have much impact on the attractiveness of strategies.

Accepted Answer

A) True 
 B)False

Question 10

In general, what happens to American goods in overseas markets when there is a strong dollar?

Accepted Answer

A)  They are less expensive. 
B)  They are more attractive. 
C)  They are cheaper. 
D)  They are more expensive. 
E)  They are desirable. 
A)  They are less expensive. 
B)  They are more attractive. 
C)  They are cheaper. 
D)  They are more expensive. 
E)  They are desirable.

Question 11

Discuss the following statement: "Planning would be impossible without assumptions."

Accepted Answer

By identifying future occurrences that c

Question 12

A total weighted score of 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.

Accepted Answer

A) True 
 B)False

Question 13

Availability of credit falls under the ________ forces category of external forces.

Accepted Answer

A)  technological 
B)  social 
C)  environmental 
D)  organizational 
E)  economic 
A)  technological 
B)  social 
C)  environmental 
D)  organizational 
E)  economic

Question 14

The United States (and the world) is becoming older.

Accepted Answer

A) True 
 B)False

Question 15

By 2030, the Census Bureau projects that the number of Americans age 65 and older will dramatically decrease.

Accepted Answer

A) True 
 B)False

Question 16

Industry analysis is also referred to as external strategic management audit.

Accepted Answer

A) True 
 B)False

Question 17

Political issues and stances impact strategic decisions.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following states has zero state income tax?

Accepted Answer

A)  Florida 
B)  New York 
C)  North Carolina 
D)  Montana 
E)  Delaware 
A)  Florida 
B)  New York 
C)  North Carolina 
D)  Montana 
E)  Delaware

Question 19

Explain how new technologies have been impacting strategic-planning decisions.

Accepted Answer

A variety of new technologies such as th

Question 20

Individuals age 65 and older in the United States as a percentage of the population will rise to ________ percent by 2030.

Accepted Answer

A)  27 
B)  31 
C)  14 
D)  22 
E)  19 
A)  27 
B)  31 
C)  14 
D)  22 
E)  19

What is the range for a firm's total weighted score in a Competitive Profile Matrix (CPM)?

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

U.S. households are making more and more purchases online.

When the products being purchased are standard or undifferentiated, it results in ________ bargaining power of consumers.

According to Michael Porter, what are the forces that together define the nature of competitiveness in a given industry. Discuss the one force that is usually the most powerful.

Assumptions have no place in planning.

Remaining solely domestic is an increasingly safe strategy for U.S. companies.

Economic factors do not have much impact on the attractiveness of strategies.

In general, what happens to American goods in overseas markets when there is a strong dollar?

Discuss the following statement: "Planning would be impossible without assumptions."

A total weighted score of 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.

Availability of credit falls under the ________ forces category of external forces.

The United States (and the world) is becoming older.

By 2030, the Census Bureau projects that the number of Americans age 65 and older will dramatically decrease.

Industry analysis is also referred to as external strategic management audit.

Political issues and stances impact strategic decisions.

Which of the following states has zero state income tax?

Explain how new technologies have been impacting strategic-planning decisions.

Individuals age 65 and older in the United States as a percentage of the population will rise to ________ percent by 2030.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Marketing Issues

Implementing Strategies: Finance and Accounting Issues

Strategy Evaluation and Governance

Business Ethics, Environmental Sustainability, and Social Responsibility

Global and International Issues

Filters

Exam 3: The External Assessment

What is the range for a firm's total weighted score in a Competitive Profile Matrix (CPM)?

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

U.S. households are making more and more purchases online.

When the products being purchased are standard or undifferentiated, it results in ________ bargaining power of consumers.

According to Michael Porter, what are the forces that together define the nature of competitiveness in a given industry. Discuss the one force that is usually the most powerful.

Assumptions have no place in planning.

Remaining solely domestic is an increasingly safe strategy for U.S. companies.

Economic factors do not have much impact on the attractiveness of strategies.

In general, what happens to American goods in overseas markets when there is a strong dollar?

Discuss the following statement: "Planning would be impossible without assumptions."

A total weighted score of 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.

Availability of credit falls under the ________ forces category of external forces.

The United States (and the world) is becoming older.

By 2030, the Census Bureau projects that the number of Americans age 65 and older will dramatically decrease.

Industry analysis is also referred to as external strategic management audit.

Political issues and stances impact strategic decisions.

Which of the following states has zero state income tax?

Explain how new technologies have been impacting strategic-planning decisions.

Individuals age 65 and older in the United States as a percentage of the population will rise to ________ percent by 2030.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Marketing Issues

Implementing Strategies: Finance and Accounting Issues

Strategy Evaluation and Governance

Business Ethics, Environmental Sustainability, and Social Responsibility

Global and International Issues

Filters