Question 1

A forward integration strategy is used by firms to gain control or ownership of suppliers.

Accepted Answer

A) True 
 B)False

Question 2

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 3

Significant barriers to entry are not always sufficient to keep some new firms from entering industries with higher-quality products, lower prices, and substantial marketing resources.

Accepted Answer

A) True 
 B)False

Question 4

The United States has been more active than other nations in protectionist measures and has engaged in many "Buy American" policies.

Accepted Answer

A) True 
 B)False

Question 5

A weak dollar means

Accepted Answer

A)  lower exports and higher imports. 
B)  lower exports and lower imports. 
C)  lower exports and no effect on imports. 
D)  higher exports and higher imports. 
E)  higher exports and lower imports. 
A)  lower exports and higher imports. 
B)  lower exports and lower imports. 
C)  lower exports and no effect on imports. 
D)  higher exports and higher imports. 
E)  higher exports and lower imports.

Question 6

The aim of an external audit is to develop an exhaustive list of every possible factor that could influence the business.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

By identifying future occurrences that c

Question 8

Describe the Competitive Profile Matrix (CPM) noting similarities to, and differences from, the External Factor Evaluation (EFE) Matrix.

Accepted Answer

The Competitive Profile Matrix (CPM) ide

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

The historical trend of people moving from ________ has dramatically slowed.

Accepted Answer

A)  the Northeast to the Sunbelt 
B)  the West to the Midwest 
C)  the Northeast to the Midwest 
D)  the Sunbelt to the West 
E)  the West to the Northeast 
A)  the Northeast to the Sunbelt 
B)  the West to the Midwest 
C)  the Northeast to the Midwest 
D)  the Sunbelt to the West 
E)  the West to the Northeast

Question 11

Assumptions have no place in planning.

Accepted Answer

A) True 
 B)False

Question 12

Corporate intelligence is the name for a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

Accepted Answer

A) True 
 B)False

Question 13

A ________ integration strategy is used by firms to gain control or ownership of suppliers.

Accepted Answer

A)  backward 
B)  forward 
C)  horizontal 
D)  vertical 
E)  vortexed 
A)  backward 
B)  forward 
C)  horizontal 
D)  vertical 
E)  vortexed

Question 14

Walgreens and CVS pharmacies are located generally across the street from each other and battle each other every day on price and customer service.

Accepted Answer

A) True 
 B)False

Question 15

The United States' population is

Accepted Answer

A)  getting younger and less white. 
B)  getting younger and more white. 
C)  getting older and less white. 
D)  getting older and more white. 
E)  remaining stable as to age and racial make up. 
A)  getting younger and less white. 
B)  getting younger and more white. 
C)  getting older and less white. 
D)  getting older and more white. 
E)  remaining stable as to age and racial make up.

Question 16

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

In recent times, ________ perhaps has instituted the most protectionist measures by raising tariffs on most imports and subsidizing its own exports.

Accepted Answer

A)  Russia 
B)  The United States 
C)  The European Union 
D)  India 
E)  Switzerland 
A)  Russia 
B)  The United States 
C)  The European Union 
D)  India 
E)  Switzerland

Question 19

To perform an external audit, a company first must gather competitive intelligence and information about economic, social, cultural, demographic, environmental, political, governmental, legal, and technological trends.

Accepted Answer

A) True 
 B)False

Question 20

Protectionism is used by various countries around the world to safeguard their domestic industries.

Accepted Answer

A) True 
 B)False

A forward integration strategy is used by firms to gain control or ownership of suppliers.

Collecting and evaluating information on competitors is essential for successful

Significant barriers to entry are not always sufficient to keep some new firms from entering industries with higher-quality products, lower prices, and substantial marketing resources.

The United States has been more active than other nations in protectionist measures and has engaged in many "Buy American" policies.

A weak dollar means

The aim of an external audit is to develop an exhaustive list of every possible factor that could influence the business.

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

Describe the Competitive Profile Matrix (CPM) noting similarities to, and differences from, the External Factor Evaluation (EFE) Matrix.

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

The historical trend of people moving from ________ has dramatically slowed.

Assumptions have no place in planning.

Corporate intelligence is the name for a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

A ________ integration strategy is used by firms to gain control or ownership of suppliers.

Walgreens and CVS pharmacies are located generally across the street from each other and battle each other every day on price and customer service.

The United States' population is

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

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

In recent times, ________ perhaps has instituted the most protectionist measures by raising tariffs on most imports and subsidizing its own exports.

To perform an external audit, a company first must gather competitive intelligence and information about economic, social, cultural, demographic, environmental, political, governmental, legal, and technological trends.

Protectionism is used by various countries around the world to safeguard their domestic industries.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 3: The External Assessment

A forward integration strategy is used by firms to gain control or ownership of suppliers.

Collecting and evaluating information on competitors is essential for successful

Significant barriers to entry are not always sufficient to keep some new firms from entering industries with higher-quality products, lower prices, and substantial marketing resources.

The United States has been more active than other nations in protectionist measures and has engaged in many "Buy American" policies.

A weak dollar means

The aim of an external audit is to develop an exhaustive list of every possible factor that could influence the business.

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

Describe the Competitive Profile Matrix (CPM) noting similarities to, and differences from, the External Factor Evaluation (EFE) Matrix.

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

The historical trend of people moving from ________ has dramatically slowed.

Assumptions have no place in planning.

Corporate intelligence is the name for a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

A ________ integration strategy is used by firms to gain control or ownership of suppliers.

Walgreens and CVS pharmacies are located generally across the street from each other and battle each other every day on price and customer service.

The United States' population is

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

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

In recent times, ________ perhaps has instituted the most protectionist measures by raising tariffs on most imports and subsidizing its own exports.

To perform an external audit, a company first must gather competitive intelligence and information about economic, social, cultural, demographic, environmental, political, governmental, legal, and technological trends.

Protectionism is used by various countries around the world to safeguard their domestic industries.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters