Exam 2: The External and Internal Environments

Farley Roofing provides subcontracting services to residential construction firms. There are many firms in the marketplace like Farley, which does about 85 percent of its work for Beltway Builders. Beltway typically negotiates heavily with its subcontractors, which ultimately reduces Farley's profits. This situation is indicative of the high bargaining power of

Findings about changes in jewelry sellers and in customer tastes are associated with the

Which of the following statements about organizational culture is TRUE?

Hospitals and universities are very expensive to run not only due to the capital equipment that is required for each, but also due to the personnel such as specialized medical doctors and researchers. The cost of these types of institutions is an example of

Which of the following is TRUE about using forecasts?

__________ occurs when a firm invests in different types of businesses or products or when it expands geographically to reduce its dependence on a single market or technology.

A barrier to entry is a condition that prevents customers from using a firm's products or services.

Findings about the historical preservation district are most closely associated with which element of the macroenvironment?

Based on the information in the above scenario, which of the following outcomes would you most expect if business dropped off dramatically for Smash Marketing?

When Explosive advertises its energy drink product as being superior to the leading energy drink, it is demonstrating

The fact that it will require such a large capital investment to start a new casino is an example of which of the following factors?

_____________ refers to the degree of discontinuous change that occurs within the industry.

The goal of supply chain management is having the right product in the right quantity at the right place at the right cost.

When two or more companies work together to alter their current environment, they are using

Leveling normal fluctuations at the boundaries of the environment is called

A company that is concerned with the quantity and quality of resources available for its business processes will investigate which factor in the macroenvironment?

Laredo Bank & Trust uses the janitorial services of ProKleen, which provides necessary cleaning supplies, crew training, background security checks (since the crews work after hours), and all other associated expenses. The other available janitorial services do not provide security checks, so the bank would have to hire guards to watch the janitors. This expense effectively limits the bank to ProKleen's services. This illustrates the concept of

Interest rates, inflation, the federal deficit, and unemployment levels are all elements in which aspect of the macroenvironment?

Giving customers what they want or need, they way they want it, the first time is known as

The culture at Smash Marketing can best be described as a(n)