Exam 2: Analyzing the External Environment of the Firm: Creating Competitive Advantages

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Scenario planning is a useful technique for firms competing in industries characterized by ________ and ________.

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Which of the following would be an entry barrier?

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Which one of the following statements is an example of how to improve perceptual acuity?

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Environmental scanning and competitor intelligence provide important inputs for forecasting activities.

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Reintermediation is responsible for an overall reduction in business opportunities.

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Environmental analysis requires continual questioning of all these assumptions except

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SWOT analysis is a framework for analyzing the internal and external environment of a company.It consists of strengths,weaknesses,opportunities,and threats.According to a SWOT analysis,which of the following is not an aspect that the strategy of the firm must follow?

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Competitive Intelligence (CI)is a tool that can provide management with early warnings about both threats and opportunities.

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How do infomediaries and consumer information websites increase the intensity of competitive rivalry?

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Two of the key inputs to developing forecasts discussed in the text are

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Emerging sociocultural changes in the environment include

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Classifying an industry into strategic groups involves judgment.If it is useful as an analytical tool,we must exercise caution in deciding what dimensions to use to map these firms.Dimensions include all of the following except

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Perceptual acuity,according to Ram Charan,is the ability to know for certain what will happen in the future.

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Referring to the textbook Exhibit 2.7 The World Automobile Industry: Strategic Groups,which strategic group is the smallest in terms of breadth of product line?

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Which of the following is not a correct usage of the SWOT framework?

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In 1977,Kenneth H.Olsen,then president of Digital Equipment Corp. ,announced that there was no reason for individuals to have a computer in their home.Long since disproven,this is an example of

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Which of the following would be considered part of the general environment of a firm?

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Although changes in the general environment may often adversely or favorably impact a firm,they seldom alter an entire industry.

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End users are not

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The Internet and digital technologies suppress the bargaining power of buyers by providing them with more information to make buying decisions.

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