Question 1

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. D

Question 2

Which statement about business intelligence is least accurate?

Accepted Answer

A)  Intelligence gathering is an unethical business practice. 
B)  Running an intelligence program requires many people. 
C)  Running an intelligence program requires many computers and other resources. 
D)  Collecting intelligence about competitors violates antitrust laws. 
E)  Business intelligence is not equal to espionage. 
A)  Intelligence gathering is an unethical business practice. 
B)  Running an intelligence program requires many people. 
C)  Running an intelligence program requires many computers and other resources. 
D)  Collecting intelligence about competitors violates antitrust laws. 
E)  Business intelligence is not equal to espionage. E

Question 3

Whenever new firms can easily enter a particular industry,the intensity of competitiveness among firms tends to

Accepted Answer

A)  stay the same. 
B)  increase. 
C)  decrease. 
D)  neutralize. 
E)  fluctuate. 
A)  stay the same. 
B)  increase. 
C)  decrease. 
D)  neutralize. 
E)  fluctuate. B

Question 4

What is the first step in designing an EFE Matrix?

Accepted Answer

A)  Identifying key external factors in the industry 
B)  Summing the weighted score for each competitor 
C)  Calculating the sales of each competitor 
D)  Drawing the horizontal and vertical lines for the matrix 
E)  Determining four competitors 
A)  Identifying key external factors in the industry 
B)  Summing the weighted score for each competitor 
C)  Calculating the sales of each competitor 
D)  Drawing the horizontal and vertical lines for the matrix 
E)  Determining four competitors

Question 5

The responsibilities of a director of competitive analysis include all of the following except:

Accepted Answer

A)  researching special issues. 
B)  disseminating information on a timely basis. 
C)  recognizing what information is important and who needs to know. 
D)  corporate espionage. 
E)  analyzing data. 
A)  researching special issues. 
B)  disseminating information on a timely basis. 
C)  recognizing what information is important and who needs to know. 
D)  corporate espionage. 
E)  analyzing data.

Question 6

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

Accepted Answer

Student answers will vary.They might inc

Question 7

Standard and Poor's Industry Surveys include all of the following sections except:

Accepted Answer

A)  Historic Environment. 
B)  Industry Trends. 
C)  How to Analyze a Company. 
D)  Glossary of Industry Information. 
E)  Comparative Company Financial Analysis. 
A)  Historic Environment. 
B)  Industry Trends. 
C)  How to Analyze a Company. 
D)  Glossary of Industry Information. 
E)  Comparative Company Financial Analysis.

Question 8

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business's own goals is called

Accepted Answer

A)  unethical business practice. 
B)  artificial intelligence. 
C)  competitive intelligence. 
D)  information sharing. 
E)  competitive advantage. 
A)  unethical business practice. 
B)  artificial intelligence. 
C)  competitive intelligence. 
D)  information sharing. 
E)  competitive advantage.

Question 9

What is a CPM and how is it different from a EFE Matrix?

Accepted Answer

The Competitive Profile Matrix (CPM)iden

Question 10

List five steps that comprise an effective framework for conducting an EFE Matrix.Explain the details involved in performing any one of the steps.

Accepted Answer

The EFE Matrix can be developed in five

Question 11

Five major categories of external variables are: 1)economic forces,2)social and cultural forces,3)political,governmental and legal forces,4)technological forces and 5)demographic forces.

Accepted Answer

A) True 
 B)False

Question 12

The bargaining power of consumers can be the most important force impacting competitive advantage.

Accepted Answer

A) True 
 B)False

Question 13

What is not one of Michael Porter's five competitive forces?

Accepted Answer

A)  New entrants 
B)  Rivalry among existing firms 
C)  Bargaining power of unions 
D)  Bargaining power of suppliers 
E)  Bargaining power of buyers 
A)  New entrants 
B)  Rivalry among existing firms 
C)  Bargaining power of unions 
D)  Bargaining power of suppliers 
E)  Bargaining power of buyers

Question 14

Pepsi Bottling is the top beverage company in the U.S.

Accepted Answer

A) True 
 B)False

Question 15

The low value of the dollar benefits the U.S.economy in many ways.

Accepted Answer

A) True 
 B)False

Question 16

Many economists say the current rash of trade constraints will make it ________ for global economic growth to recover from the global recession.

Accepted Answer

A)  easier 
B)  impossible 
C)  harder 
D)  more likely 
E)  less difficult 
A)  easier 
B)  impossible 
C)  harder 
D)  more likely 
E)  less difficult

Question 17

Which of the states below has the youngest average population?

Accepted Answer

A)  Florida 
B)  Utah 
C)  West Virginia 
D)  Maine 
E)  Pennsylvania 
A)  Florida 
B)  Utah 
C)  West Virginia 
D)  Maine 
E)  Pennsylvania

Question 18

Recent consumption trends in the United States indicate that wine consumption is increasing at 5% while beer consumption is increasing at 10%.

Accepted Answer

A) True 
 B)False

Question 19

Explain how the Internet is changing businesses around the world.

Accepted Answer

The Internet is changing the very nature

Question 20

According to I/O theorists,which of the following contributes least to firm performance?

Accepted Answer

A)  Economies of scale 
B)  Barriers to market entry 
C)  Product differentiation 
D)  Internal resources 
E)  Level of competitiveness 
A)  Economies of scale 
B)  Barriers to market entry 
C)  Product differentiation 
D)  Internal resources 
E)  Level of competitiveness

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

Which statement about business intelligence is least accurate?

Whenever new firms can easily enter a particular industry,the intensity of competitiveness among firms tends to

What is the first step in designing an EFE Matrix?

The responsibilities of a director of competitive analysis include all of the following except:

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

Standard and Poor's Industry Surveys include all of the following sections except:

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business's own goals is called

What is a CPM and how is it different from a EFE Matrix?

List five steps that comprise an effective framework for conducting an EFE Matrix.Explain the details involved in performing any one of the steps.

Five major categories of external variables are: 1)economic forces,2)social and cultural forces,3)political,governmental and legal forces,4)technological forces and 5)demographic forces.

The bargaining power of consumers can be the most important force impacting competitive advantage.

What is not one of Michael Porter's five competitive forces?

Pepsi Bottling is the top beverage company in the U.S.

The low value of the dollar benefits the U.S.economy in many ways.

Many economists say the current rash of trade constraints will make it ________ for global economic growth to recover from the global recession.

Which of the states below has the youngest average population?

Recent consumption trends in the United States indicate that wine consumption is increasing at 5% while beer consumption is increasing at 10%.

Explain how the Internet is changing businesses around the world.

According to I/O theorists,which of the following contributes least to firm performance?

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics/Social Responsibility/Environmental Sustainability

Global/International Issues

Filters

Exam 3: The External Assessment

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

Which statement about business intelligence is least accurate?

Whenever new firms can easily enter a particular industry,the intensity of competitiveness among firms tends to

What is the first step in designing an EFE Matrix?

The responsibilities of a director of competitive analysis include all of the following except:

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

Standard and Poor's Industry Surveys include all of the following sections except:

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business's own goals is called

What is a CPM and how is it different from a EFE Matrix?

List five steps that comprise an effective framework for conducting an EFE Matrix.Explain the details involved in performing any one of the steps.

Five major categories of external variables are: 1)economic forces,2)social and cultural forces,3)political,governmental and legal forces,4)technological forces and 5)demographic forces.

The bargaining power of consumers can be the most important force impacting competitive advantage.

What is not one of Michael Porter's five competitive forces?

Pepsi Bottling is the top beverage company in the U.S.

The low value of the dollar benefits the U.S.economy in many ways.

Many economists say the current rash of trade constraints will make it ________ for global economic growth to recover from the global recession.

Which of the states below has the youngest average population?

Recent consumption trends in the United States indicate that wine consumption is increasing at 5% while beer consumption is increasing at 10%.

Explain how the Internet is changing businesses around the world.

According to I/O theorists,which of the following contributes least to firm performance?

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics/Social Responsibility/Environmental Sustainability

Global/International Issues

Filters