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

Elements of the five forces can be quantified.This is important for analyzing industry structure.Which of the following is not an example of an element that can be quantified?

Steve Jobs,former chairman of Apple,demonstrated that ________ also are important in forecasting.

In the SWOT framework,________ are internal factors that are specific to the company.

Using the five-forces model,explain a potential reason why Alaska Airlines purchased Virgin America in December 2016.

The five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry.

There are many challenges to complying with the Dodd-Frank Wall Street Reform and Consumer Protection Act to the tracking of materials from more than two million small scale or subsistence miners in the Eastern Congo.Modern supply-chain logistics are not very relevant in these environments.This is an example of which segment of the general environment?

Which is considered a force in the five-forces model?

The Dodd-Frank Wall Street Reform and Consumer Protection Act require companies to disclose whether any tin,tantalum,tungsten or gold in their supply chain is connected to violent militia groups in the Congo or nine surrounding countries,including Angola,Rwanda,and Sudan.This is an example of which segment of the general environment?

Incumbent firms may enjoy increased bargaining power because the Internet

All of the following are important elements of the political and legal segment of the general environment except

Which of the following websites is not an example of one used routinely for corporate competitive intelligence gathering?

Perceptual acuity requires all the following except

Salemi Industries launched Cell Zone unsuccessfully in 2005 because it did not understand the market demand for its new product.This is an example of

In the general environment,many relationships exist among the various elements.General environmental trends can have positive and negative impacts on various industries.For example,the aging population might have a ________ impact on the health care industry and a ________ impact on the baby product industry.These are called ________ impacts.

Apple uses its ________ power to pay no more than 2 percent of its sales a square foot in rent.

When the management frame of reference gets out of touch with the realities of the actual business situation,what can happen to the firm?

Complements are products or services that have a potential impact on the ________ of the products or services of that company.

Professor Tamara Erickson says that members of different generations bring different experiences,assumptions,and benefits to the workforce.She believes companies can gain a great deal from creating a culture that welcomes workers of all ages and in which leaders address biases.This is an example of which segments of the general environment?

In the general environment,which of the following is not a demographic trend?

Larger numbers of women entering the work force since the early 1970s is an example of