Question 1

Consumers in the United States now desire sedans rather than automobiles with greater space and utility.

Accepted Answer

A) True 
 B)False

Question 2

The trend toward an older America is bad news for furniture producers, hotels, airlines, and home builders.

Accepted Answer

A) True 
 B)False

Question 3

U.S. consumers spent $6.7 billion on legal marijuana in 2016.

Accepted Answer

A) True 
 B)False

Question 4

Define Competitive Intelligence (CI) and list three ways that CI can be gathered.

Accepted Answer

Competitive Intelligence as formally def

Question 5

The investor relations pages of a company website ________ information about a firm.

Accepted Answer

A)  is a good place to start to find 
B)  is not a reliable source of 
C)  is only acceptable as a last resort for 
D)  should not be used as the first place to look for 
E)  is a waste of time when searching for 
A)  is a good place to start to find 
B)  is not a reliable source of 
C)  is only acceptable as a last resort for 
D)  should not be used as the first place to look for 
E)  is a waste of time when searching for

Question 6

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

Accepted Answer

A)  unethical business practices. 
B)  artificial intelligence. 
C)  competitive intelligence. 
D)  industrial espionage. 
E)  competitive advantage. 
A)  unethical business practices. 
B)  artificial intelligence. 
C)  competitive intelligence. 
D)  industrial espionage. 
E)  competitive advantage.

Question 7

The critical success factors in a Competitive Profile Matrix (CPM) and an External Factor Evaluation (EFE) Matrix include both internal and external issues.

Accepted Answer

A) True 
 B)False

Question 8

Florida was the first state to legalize marijuana.

Accepted Answer

A) True 
 B)False

Question 9

Wild guesses should never be made in formulating strategies.

Accepted Answer

A) True 
 B)False

Question 10

What are educated assumptions about future trends and events called?

Accepted Answer

A)  Wild guesses 
B)  Forecasts 
C)  Facts 
D)  Statistics 
E)  Premonitions 
A)  Wild guesses 
B)  Forecasts 
C)  Facts 
D)  Statistics 
E)  Premonitions

Question 11

Collecting and evaluating information on competitors is essential for successful

Accepted Answer

A)  internal analysis. 
B)  strategy evaluation. 
C)  strategy formulation. 
D)  strategy implementation. 
E)  strategy correction. 
A)  internal analysis. 
B)  strategy evaluation. 
C)  strategy formulation. 
D)  strategy implementation. 
E)  strategy correction.

Question 12

It is predicted that, by 2030, 19 percent of the population in the United States will be 65 years or older.

Accepted Answer

A) True 
 B)False

Question 13

External audit is sometimes called

Accepted Answer

A)  strategic analysis. 
B)  strategy evaluation. 
C)  statutory audit. 
D)  financial audit. 
E)  industry analysis. 
A)  strategic analysis. 
B)  strategy evaluation. 
C)  statutory audit. 
D)  financial audit. 
E)  industry analysis.

Question 14

Competition in virtually all industries is

Accepted Answer

A)  nonexistent. 
B)  intense. 
C)  never cutthroat. 
D)  easily avoidable. 
E)  insignificant. 
A)  nonexistent. 
B)  intense. 
C)  never cutthroat. 
D)  easily avoidable. 
E)  insignificant.

Question 15

Explain briefly the SCDE forces.

Accepted Answer

SCDE is an acronym for social, cultural,

Consumers in the United States now desire sedans rather than automobiles with greater space and utility.

The trend toward an older America is bad news for furniture producers, hotels, airlines, and home builders.

U.S. consumers spent $6.7 billion on legal marijuana in 2016.

Define Competitive Intelligence (CI) and list three ways that CI can be gathered.

The investor relations pages of a company website ________ information about a firm.

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

The critical success factors in a Competitive Profile Matrix (CPM) and an External Factor Evaluation (EFE) Matrix include both internal and external issues.

Florida was the first state to legalize marijuana.

Wild guesses should never be made in formulating strategies.

What are educated assumptions about future trends and events called?

Collecting and evaluating information on competitors is essential for successful

It is predicted that, by 2030, 19 percent of the population in the United States will be 65 years or older.

External audit is sometimes called

Competition in virtually all industries is

Explain briefly the SCDE forces.

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

Consumers in the United States now desire sedans rather than automobiles with greater space and utility.

The trend toward an older America is bad news for furniture producers, hotels, airlines, and home builders.

U.S. consumers spent $6.7 billion on legal marijuana in 2016.

Define Competitive Intelligence (CI) and list three ways that CI can be gathered.

The investor relations pages of a company website ________ information about a firm.

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

The critical success factors in a Competitive Profile Matrix (CPM) and an External Factor Evaluation (EFE) Matrix include both internal and external issues.

Florida was the first state to legalize marijuana.

Wild guesses should never be made in formulating strategies.

What are educated assumptions about future trends and events called?

Collecting and evaluating information on competitors is essential for successful

It is predicted that, by 2030, 19 percent of the population in the United States will be 65 years or older.

External audit is sometimes called

Competition in virtually all industries is

Explain briefly the SCDE forces.

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