Exam 2: The External and Internal Environments

Which of the following is an example of a potential substitute product?

In Scenario A, which of the following elements of the macroenvironment was part of Marietta's findings?

According to Michael Porter's model, the competitive environment includes rivalry among current competitors and the impact of new entrants, substitute and complementary products, suppliers, and customers.

Stylin' Footwear buys leather and lesser quantities of cork, elastic, metal buckles, and other materials to manufacture shoes. Which of the following is Stylin's Footwear's output?

Two general types of proactive strategies for influencing an organization's environment are _____.

A strong organization culture is one in which lower-level employees do not concern themselves with the firm's goals, priorities, and practices because management deals with those issues.

Which of the following is a U.S. government policy or action that is most likely to provide an opportunity for businesses?

Give an example of a current societal trend and how it might affect a specific business. Explain the impact by using specific details.

Based on the information in Scenario C, which of the following is likely to be the dominant attribute of Parker Brothers?

Which of the following is an element of Michael Porter's model for analyzing the competitive environment of an organization?

How is immigration affecting U.S. demographics?

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 combinations can result in a best-case scenario?

Hi-Performer Sporting Equipment managers engage in an annual organizational assessment, trying to predict industry changes as well as possible opportunities and threats. They look at issues, such as who their competitors are, current entry barriers, and what substitutes exist for their products. This assessment is called _____.

A human resources manager is considering changing her company's vacation policy. Before she makes a proposal to the senior executive team, she researches the vacation policies of other leading companies in her industry. This is an example of _____.

When Marietta read the survey of regional businesses, she was investigating _____.

_____ are specific government organizations in a firm's more immediate task environment.

Summarize the different approaches of strategic maneuvering that organizations can take to change the environment they are in.

The recent legalization of same-sex marriage has major implications for how companies manage their labor force. For example, companies must now make sure their benefit packages include all types of family structures. This is an example of how _____ trends affect businesses.

Alicia writes a narrative that describes what she thinks will happen to her catering business if consumer interest in healthy cuisine continues to grow. This narrative is an example of _____.