Question 1

___________ is uniqueness in quality, price, design, brand image, or customer service that gives one firm's product an edge over another firm's.

Accepted Answer

A)  Product differentiation 
B)  Price differentiation 
C)  Focus 
D)  Economies of scale 
A)  Product differentiation 
B)  Price differentiation 
C)  Focus 
D)  Economies of scale A

Question 2

What are four common factors that need to be diagnosed in assessing barriers to entry?

Accepted Answer

The four factors are economies of scale, product differentiation, capital requirements and the amount of government regulation. 
Economies of scale are achieved when increased volume lowers the unit cost of a good or service produced by a firm.
Product differentiation is the uniqueness in quality, price, design, brand image, or customer service that gives one firm's product an edge over another firm's. 
Capital requirements are the dollars needed to finance equipment, purchase supplies, purchase or lease land, hire staff, and the like. 
Government regulation is a barrier to entry if it bars or severely restricts potential new entrants to an industry.

Question 3

The information superhighway represents a change in ____________ for all companies.

Accepted Answer

A)  technology 
B)  competition 
C)  suppliers 
D)  customers 
A)  technology 
B)  competition 
C)  suppliers 
D)  customers A

Question 4

The general environment is also referred to as .

Accepted Answer

A)  the macroenvironment 
B)  the microenvironment 
C)  the macrosystem 
D)  an uncertainty 
A)  the macroenvironment 
B)  the microenvironment 
C)  the macrosystem 
D)  an uncertainty

Question 5

Which of the following is not one of the five competitive forces faced by an organization?

Accepted Answer

A)  competitors 
B)  new entrants 
C)  customers 
D)  government regulators 
A)  competitors 
B)  new entrants 
C)  customers 
D)  government regulators

Question 6

________________ in an industry depends on the relative ease with which new firms can compete with established firms.

Accepted Answer

A)  Economies of scale 
B)  The bargaining power of suppliers 
C)  The threat of new entrants 
D)  The bargaining power of buyers 
A)  Economies of scale 
B)  The bargaining power of suppliers 
C)  The threat of new entrants 
D)  The bargaining power of buyers

Question 7

__________ is not a common factor that needs to be diagnosed in assessing barriers to entry.

Accepted Answer

A)  Capital requirements 
B)  Government regulation 
C)  Product differentiation 
D)  The macroenvironment 
A)  Capital requirements 
B)  Government regulation 
C)  Product differentiation 
D)  The macroenvironment

Question 8

The characteristics of a work group, organization, specific market, or national population is referred to as __________.

Accepted Answer

A)  collectivism 
B)  individualism 
C)  demographics 
D)  culture 
A)  collectivism 
B)  individualism 
C)  demographics 
D)  culture

Question 9

Juan Salazar is one of many small Colombian farmers who sell their coffee beans to Folgers. In trying to get a higher price for his crop, Salazar is most impacted by which competitive force?

Accepted Answer

A)  threat of new competitors 
B)  supplier bargaining power 
C)  customer bargaining power 
D)  threat of substitute goods or services 
A)  threat of new competitors 
B)  supplier bargaining power 
C)  customer bargaining power 
D)  threat of substitute goods or services

Question 10

By 2011, the population of people over age 65 will be steadily leveling out with the rest of the U.S. population.

Accepted Answer

A) True 
 B)False

Question 11

During a recent holiday season, Half-Life 2 sold 120 million copies during the first 24 hours. This either directly or indirectly affects the factor of __________ that serves as a barrier to entry.

Accepted Answer

A)  capital requirement 
B)  economy of scale 
C)  economies of scope 
D)  product differentiation 
A)  capital requirement 
B)  economy of scale 
C)  economies of scope 
D)  product differentiation

Question 12

Confucius was a civil servant in China in about _______________.

Accepted Answer

A)  500 BC 
B)  1500 BC 
C)  500 AD 
D)  the time of Christ 
A)  500 BC 
B)  1500 BC 
C)  500 AD 
D)  the time of Christ

Question 13

Societies try to resolve conflicts over values and beliefs through their ______________.

Accepted Answer

A)  interest groups 
B)  individual freedom 
C)  property rights 
D)  political and legal systems 
A)  interest groups 
B)  individual freedom 
C)  property rights 
D)  political and legal systems

Question 14

What are four of the factors in the external environment of organizations?

Accepted Answer

The general environment, sometimes calle

Question 15

What is technology? Give three examples of how technology influences the management of organizations.

Accepted Answer

Technology is a transformation process t

Question 16

Identify and explain three of the principal political strategies used by managers to cope with external forces.

Accepted Answer

a. Negotiation is the process by which t

Question 17

The culture of a country can be defined as multiple beliefs that are compatible and supportive of one another.

Accepted Answer

A) True 
 B)False

Question 18

The introduction of desktop publishing systems in the printing industry best represents the idea of __________.

Accepted Answer

A)  economies of scope 
B)  substitute goods or services 
C)  bargaining power 
D)  economies of scale 
A)  economies of scope 
B)  substitute goods or services 
C)  bargaining power 
D)  economies of scale

Question 19

Why are alliances used?

Accepted Answer

a. Oppose or support legislation, nomina

Question 20

Societies try to resolve conflicts over values and beliefs through their political and legal systems.

Accepted Answer

A) True 
 B)False

___________ is uniqueness in quality, price, design, brand image, or customer service that gives one firm's product an edge over another firm's.

What are four common factors that need to be diagnosed in assessing barriers to entry?

The information superhighway represents a change in ____________ for all companies.

The general environment is also referred to as .

Which of the following is not one of the five competitive forces faced by an organization?

________________ in an industry depends on the relative ease with which new firms can compete with established firms.

__________ is not a common factor that needs to be diagnosed in assessing barriers to entry.

The characteristics of a work group, organization, specific market, or national population is referred to as __________.

Juan Salazar is one of many small Colombian farmers who sell their coffee beans to Folgers. In trying to get a higher price for his crop, Salazar is most impacted by which competitive force?

By 2011, the population of people over age 65 will be steadily leveling out with the rest of the U.S. population.

During a recent holiday season, Half-Life 2 sold 120 million copies during the first 24 hours. This either directly or indirectly affects the factor of __________ that serves as a barrier to entry.

Confucius was a civil servant in China in about _______________.

Societies try to resolve conflicts over values and beliefs through their ______________.

What are four of the factors in the external environment of organizations?

What is technology? Give three examples of how technology influences the management of organizations.

Identify and explain three of the principal political strategies used by managers to cope with external forces.

The culture of a country can be defined as multiple beliefs that are compatible and supportive of one another.

The introduction of desktop publishing systems in the printing industry best represents the idea of __________.

Why are alliances used?

Societies try to resolve conflicts over values and beliefs through their political and legal systems.

Developing Managerial Competencies

Learning From the History of Management Thought

Ethics and Social Responsibility

Managing Globally

Fostering Entrepreneurship

Planning and Control

Fundamentals of Decision Making

Using Planning and Decision Aids

Achieving Organizational Control

Designing Organizations

Guiding Organizational Change and Innovation

Managing Human Resources

Motivating Emlpoyees

Dynamics of Leadership

Communicating Effectively

Working in Teams

Understanding Organizational Culture and Cultural Diversity

Filters

Exam 4: Assessing the Environment

___________ is uniqueness in quality, price, design, brand image, or customer service that gives one firm's product an edge over another firm's.

What are four common factors that need to be diagnosed in assessing barriers to entry?

The information superhighway represents a change in ____________ for all companies.

The general environment is also referred to as .

Which of the following is not one of the five competitive forces faced by an organization?

________________ in an industry depends on the relative ease with which new firms can compete with established firms.

__________ is not a common factor that needs to be diagnosed in assessing barriers to entry.

The characteristics of a work group, organization, specific market, or national population is referred to as __________.

Juan Salazar is one of many small Colombian farmers who sell their coffee beans to Folgers. In trying to get a higher price for his crop, Salazar is most impacted by which competitive force?

By 2011, the population of people over age 65 will be steadily leveling out with the rest of the U.S. population.

During a recent holiday season, Half-Life 2 sold 120 million copies during the first 24 hours. This either directly or indirectly affects the factor of __________ that serves as a barrier to entry.

Confucius was a civil servant in China in about _______________.

Societies try to resolve conflicts over values and beliefs through their ______________.

What are four of the factors in the external environment of organizations?

What is technology? Give three examples of how technology influences the management of organizations.

Identify and explain three of the principal political strategies used by managers to cope with external forces.

The culture of a country can be defined as multiple beliefs that are compatible and supportive of one another.

The introduction of desktop publishing systems in the printing industry best represents the idea of __________.

Why are alliances used?

Societies try to resolve conflicts over values and beliefs through their political and legal systems.

Developing Managerial Competencies

Learning From the History of Management Thought

Ethics and Social Responsibility

Managing Globally

Fostering Entrepreneurship

Planning and Control

Fundamentals of Decision Making

Using Planning and Decision Aids

Achieving Organizational Control

Designing Organizations

Guiding Organizational Change and Innovation

Managing Human Resources

Motivating Emlpoyees

Dynamics of Leadership

Communicating Effectively

Working in Teams

Understanding Organizational Culture and Cultural Diversity

Filters