Question 1

Which of the following is not one of the five competitive forces?

Accepted Answer

A)  Competition forms substitute products 
B)  The threat of potential entry 
C)  The strength of industry forces 
D)  The bargaining power of buyers 
E)  None of the answer choices is correct. 
A)  Competition forms substitute products 
B)  The threat of potential entry 
C)  The strength of industry forces 
D)  The bargaining power of buyers 
E)  None of the answer choices is correct. C

Question 2

Recent census data showed that for the first time in the history of the United States there were more Americans over age ________ than under.

Accepted Answer

A)  25 
B)  30 
C)  21 
D)  19 
E)  35 
A)  25 
B)  30 
C)  21 
D)  19 
E)  35 B

Question 3

One of the biggest technological advancements to affect the organization in recent years is

Accepted Answer

A)  the assembly line. 
B)  the ability of consumers to buy online. 
C)  the introduction of hand-held personal computers. 
D)  continuing computerization of an organization's activities. 
E)  the ability of managers to control employees electronically. 
A)  the assembly line. 
B)  the ability of consumers to buy online. 
C)  the introduction of hand-held personal computers. 
D)  continuing computerization of an organization's activities. 
E)  the ability of managers to control employees electronically. D

Question 4

A supplier will have more bargaining power

Accepted Answer

A)  if it is able to provide the products that the industry is currently providing. 
B)  if the supplier's product is an important input to the industry. 
C)  if the supplier's products are differentiated or there are customer switching costs. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  if it is able to provide the products that the industry is currently providing. 
B)  if the supplier's product is an important input to the industry. 
C)  if the supplier's products are differentiated or there are customer switching costs. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 5

An element of the environment as information perspective is

Accepted Answer

A)  environmental relevancy. 
B)  environmental uncertainty. 
C)  environmental currency. 
D)  environmental texture. 
E)  None of the answer choices is correct. 
A)  environmental relevancy. 
B)  environmental uncertainty. 
C)  environmental currency. 
D)  environmental texture. 
E)  None of the answer choices is correct.

Question 6

The generation of the postwar group was born between the years

Accepted Answer

A)  1912-1921. 
B)  1922-1927. 
C)  1928-1945. 
D)  1965-1977 
E)  1978-1994. 
A)  1912-1921. 
B)  1922-1927. 
C)  1928-1945. 
D)  1965-1977 
E)  1978-1994.

Question 7

One of the factors that shapes the definition of exit barriers as factor(s)that keep companies competing in businesses, even when those businesses are failing, is

Accepted Answer

A)  economic factors. 
B)  strategic factors. 
C)  emotional factors. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  economic factors. 
B)  strategic factors. 
C)  emotional factors. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 8

When consumers consider whether they have the ability and resources themselves to manufacture the products they are purchasing from the industry, this issue refers to the ________ of the Porter five forces model.

Accepted Answer

A)  bargaining power of buyers 
B)  threat of potential entrants 
C)  threat of substitute products 
D)  bargaining power of suppliers 
E)  None of the answer choices are correct. 
A)  bargaining power of buyers 
B)  threat of potential entrants 
C)  threat of substitute products 
D)  bargaining power of suppliers 
E)  None of the answer choices are correct.

Question 9

Industry sales forecasts and trends are part of the general economic sector.

Accepted Answer

A) True 
 B)False

Question 10

The major problem with forecasts and trend analyses is

Accepted Answer

A)  the information is difficult to compile with the latest technology. 
B)  the information constitutes predictions of the future, not actual facts. 
C)  the information is built using historical trends. 
D)  consumers do not benefit from technological trends predicted. 
E)  None of the answer choices is correct. 
A)  the information is difficult to compile with the latest technology. 
B)  the information constitutes predictions of the future, not actual facts. 
C)  the information is built using historical trends. 
D)  consumers do not benefit from technological trends predicted. 
E)  None of the answer choices is correct.

Question 11

One of the conditions that contributes to intense competitor rivalry is

Accepted Answer

A)  numerous or equally balanced competitors. 
B)  slow industry growth. 
C)  high fixed costs. 
D)  diverse competitors. 
E)  All of the answer choices are correct. 
A)  numerous or equally balanced competitors. 
B)  slow industry growth. 
C)  high fixed costs. 
D)  diverse competitors. 
E)  All of the answer choices are correct.

Question 12

Buyers have bargaining power if the industry's product is not important to the quality of the buyers' products or services.

Accepted Answer

A) True 
 B)False

Question 13

Describe the benefits of conducting an external analysis.

Accepted Answer

Proactive management allows managers to

Question 14

Which of the general environmental sectors is affected when minimum wage laws are changed?

Accepted Answer

A)  Economics 
B)  Demographics 
C)  Sociocultural 
D)  Political/legal 
E)  Technological 
A)  Economics 
B)  Demographics 
C)  Sociocultural 
D)  Political/legal 
E)  Technological

Question 15

Which of the following does not usually function as an entry barrier?

Accepted Answer

A)  Economies of scale 
B)  High strategic stakes 
C)  Product differentiation 
D)  Switching costs 
E)  Access to distribution channels 
A)  Economies of scale 
B)  High strategic stakes 
C)  Product differentiation 
D)  Switching costs 
E)  Access to distribution channels

Question 16

Which of the following best describes the organizational environment perspective that summarizes the various studies of organizational environments?

Accepted Answer

A)  Environment as a source of information 
B)  Environment as a source of resources 
C)  Environment as a source of power 
D)  Environment as a source of information and resources 
E)  None of the answer choices is correct. 
A)  Environment as a source of information 
B)  Environment as a source of resources 
C)  Environment as a source of power 
D)  Environment as a source of information and resources 
E)  None of the answer choices is correct.

Question 17

Mr. Perry thinks perhaps the $30,000 price tag of each portable saw mill might discourage buyers from going to another brand portable saw mill. This is an example of

Accepted Answer

A)  product differentiation. 
B)  capital requirements. 
C)  switching costs. 
D)  access to distribution channels. 
E)  government policy. 
A)  product differentiation. 
B)  capital requirements. 
C)  switching costs. 
D)  access to distribution channels. 
E)  government policy.

Question 18

Compare the general versus the specific environment.

Accepted Answer

The general environment includes technol

Question 19

As an open system, an organization is affected by the environment and can also impact that environment.

Accepted Answer

A) True 
 B)False

Question 20

When organizations consider whether there are upcoming price increases in the products purchased by the industry, this issue refers to the ________ of the Porter five forces model.

Accepted Answer

A)  bargaining power of buyers 
B)  threat of potential entrants 
C)  threat of substitute products 
D)  bargaining power of suppliers 
E)  None of the answer choices is correct. 
A)  bargaining power of buyers 
B)  threat of potential entrants 
C)  threat of substitute products 
D)  bargaining power of suppliers 
E)  None of the answer choices is correct.

Which of the following is not one of the five competitive forces?

Recent census data showed that for the first time in the history of the United States there were more Americans over age ________ than under.

One of the biggest technological advancements to affect the organization in recent years is

A supplier will have more bargaining power

An element of the environment as information perspective is

The generation of the postwar group was born between the years

One of the factors that shapes the definition of exit barriers as factor(s)that keep companies competing in businesses, even when those businesses are failing, is

When consumers consider whether they have the ability and resources themselves to manufacture the products they are purchasing from the industry, this issue refers to the ________ of the Porter five forces model.

Industry sales forecasts and trends are part of the general economic sector.

The major problem with forecasts and trend analyses is

One of the conditions that contributes to intense competitor rivalry is

Buyers have bargaining power if the industry's product is not important to the quality of the buyers' products or services.

Describe the benefits of conducting an external analysis.

Which of the general environmental sectors is affected when minimum wage laws are changed?

Which of the following does not usually function as an entry barrier?

Which of the following best describes the organizational environment perspective that summarizes the various studies of organizational environments?

Mr. Perry thinks perhaps the $30,000 price tag of each portable saw mill might discourage buyers from going to another brand portable saw mill. This is an example of

Compare the general versus the specific environment.

As an open system, an organization is affected by the environment and can also impact that environment.

When organizations consider whether there are upcoming price increases in the products purchased by the industry, this issue refers to the ________ of the Porter five forces model.

Introducing the Concepts

The Context of Managing Strategically

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

International Strategies

Module Special Topics in Strategy

Filters

Exam 3: Assessing Opportunities and Threats: Doing an External Analysis

Which of the following is not one of the five competitive forces?

Recent census data showed that for the first time in the history of the United States there were more Americans over age ________ than under.

One of the biggest technological advancements to affect the organization in recent years is

A supplier will have more bargaining power

An element of the environment as information perspective is

The generation of the postwar group was born between the years

One of the factors that shapes the definition of exit barriers as factor(s)that keep companies competing in businesses, even when those businesses are failing, is

When consumers consider whether they have the ability and resources themselves to manufacture the products they are purchasing from the industry, this issue refers to the ________ of the Porter five forces model.

Industry sales forecasts and trends are part of the general economic sector.

The major problem with forecasts and trend analyses is

One of the conditions that contributes to intense competitor rivalry is

Buyers have bargaining power if the industry's product is not important to the quality of the buyers' products or services.

Describe the benefits of conducting an external analysis.

Which of the general environmental sectors is affected when minimum wage laws are changed?

Which of the following does not usually function as an entry barrier?

Which of the following best describes the organizational environment perspective that summarizes the various studies of organizational environments?

Mr. Perry thinks perhaps the $30,000 price tag of each portable saw mill might discourage buyers from going to another brand portable saw mill. This is an example of

Compare the general versus the specific environment.

As an open system, an organization is affected by the environment and can also impact that environment.

When organizations consider whether there are upcoming price increases in the products purchased by the industry, this issue refers to the ________ of the Porter five forces model.

Introducing the Concepts

The Context of Managing Strategically

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

International Strategies

Module Special Topics in Strategy

Filters