Question 1

The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to

Accepted Answer

A)  Technological forecasting 
B)  Ecology 
C)  Industry environment 
D)  Operating environment 
A)  Technological forecasting 
B)  Ecology 
C)  Industry environment 
D)  Operating environment A

Question 2

One of the most important steps a firm can take in achieving a competitive position with regard to the eco-efficiency strategy is to

Accepted Answer

A)  Outsource the operations to a developing country 
B)  Fully capitalize on technological developments 
C)  Shift from service to manufacturing operations 
D)  Mandate that all suppliers, distributors and customers reduce their resource consumption 
A)  Outsource the operations to a developing country 
B)  Fully capitalize on technological developments 
C)  Shift from service to manufacturing operations 
D)  Mandate that all suppliers, distributors and customers reduce their resource consumption B

Question 3

While developing the customer profile,it is important to include:

Accepted Answer

A)  Psychographic information 
B)  Market share 
C)  Experience 
D)  Management image 
A)  Psychographic information 
B)  Market share 
C)  Experience 
D)  Management image A

Question 4

Assets purchased at preinflation prices is an example of:

Accepted Answer

A)  Product differentiation 
B)  Cost disadvantages independent of size 
C)  Capital requirements 
D)  Distribution 
A)  Product differentiation 
B)  Cost disadvantages independent of size 
C)  Capital requirements 
D)  Distribution

Question 5

The need to invest large financial resources in order to compete creates

Accepted Answer

A)  Increased supplier power 
B)  Increased buyer power 
C)  Increased jockeying for position 
D)  A barrier to entry 
A)  Increased supplier power 
B)  Increased buyer power 
C)  Increased jockeying for position 
D)  A barrier to entry

Question 6

New entrants to an industry bring:

Accepted Answer

A)  New capacity 
B)  New customers 
C)  Few resources 
D)  Bigger margins 
A)  New capacity 
B)  New customers 
C)  Few resources 
D)  Bigger margins

Question 7

The considerations involving the beliefs,values,attitudes and opinions of those in a firm's environment represent the ______.

Accepted Answer

A)  Social factors 
B)  Personal factors 
C)  Economic factors 
D)  Political factors 
A)  Social factors 
B)  Personal factors 
C)  Economic factors 
D)  Political factors

Question 8

Which of these is a determinant of entry,according to Porter?

Accepted Answer

A)  Presence of substitute input 
B)  Ability to backward integrate 
C)  Exit barriers 
D)  Economies of scale 
A)  Presence of substitute input 
B)  Ability to backward integrate 
C)  Exit barriers 
D)  Economies of scale

Question 9

Designing viable strategies for a firm requires a thorough understanding of the firm's:

Accepted Answer

A)  Earnings 
B)  Growth rate 
C)  Market share 
D)  Competition 
A)  Earnings 
B)  Growth rate 
C)  Market share 
D)  Competition

Question 10

Political factors define the ______ parameters within which firms must operate.

Accepted Answer

A)  Economic 
B)  Legal and regulatory 
C)  Global 
D)  Social and cultural 
A)  Economic 
B)  Legal and regulatory 
C)  Global 
D)  Social and cultural

Question 11

Differentiation of inputs represents a determinant of

Accepted Answer

A)  Entry 
B)  Rivalry 
C)  Buyer power 
D)  Supplier power 
A)  Entry 
B)  Rivalry 
C)  Buyer power 
D)  Supplier power

Question 12

Which of the following is a factor that does NOT foster brand identification?

Accepted Answer

A)  Advertising 
B)  Customer service 
C)  Product differences 
D)  Price 
A)  Advertising 
B)  Customer service 
C)  Product differences 
D)  Price

Question 13

Entrenched companies may have cost advantages not available to potential rivals.This is an example of:

Accepted Answer

A)  Capital requirements 
B)  Cost disadvantage independent of size 
C)  Economies of scale 
D)  Government policy 
A)  Capital requirements 
B)  Cost disadvantage independent of size 
C)  Economies of scale 
D)  Government policy

Question 14

The term ______ refers to the relationships among human beings and other living things and the air,soil and water that supports them.

Accepted Answer

A)  Pollution 
B)  Ecology 
C)  Operating environment 
D)  Remote environment 
A)  Pollution 
B)  Ecology 
C)  Operating environment 
D)  Remote environment

Question 15

Which of these,according to Porter is NOT a force driving industry competition?

Accepted Answer

A)  Threat of new entrants 
B)  Bargaining power of buyers 
C)  Bargaining power of distributors 
D)  Threat of substitutes 
A)  Threat of new entrants 
B)  Bargaining power of buyers 
C)  Bargaining power of distributors 
D)  Threat of substitutes

Question 16

This term refers to descriptive characteristics that can be used to differentiate groups of present or potential customers.

Accepted Answer

A)  Geographics 
B)  Demographics 
C)  Buyer behaviors 
D)  Psychographics 
A)  Geographics 
B)  Demographics 
C)  Buyer behaviors 
D)  Psychographics

Question 17

Exit barriers represent a determinant of

Accepted Answer

A)  Entry 
B)  Rivalry 
C)  Buyer power 
D)  Supplier power 
A)  Entry 
B)  Rivalry 
C)  Buyer power 
D)  Supplier power

Question 18

When we consider the level of disposable income,we are normally considering:

Accepted Answer

A)  Technological factors 
B)  Economic factors 
C)  Political factors 
D)  Social factors 
A)  Technological factors 
B)  Economic factors 
C)  Political factors 
D)  Social factors

Question 19

Which of these represent a key characteristic of eco-efficient corporations?

Accepted Answer

A)  Eco-efficient firms are reactive 
B)  Eco-efficiency is added on 
C)  Flexibility is imperative for eco-efficient strategy implementation 
D)  Eco-efficiency is insular 
A)  Eco-efficient firms are reactive 
B)  Eco-efficiency is added on 
C)  Flexibility is imperative for eco-efficient strategy implementation 
D)  Eco-efficiency is insular

Question 20

Customers have the power to:

Accepted Answer

A)  Raise prices 
B)  Demand higher quality 
C)  Lower service quality 
D)  Coordinate competitors 
A)  Raise prices 
B)  Demand higher quality 
C)  Lower service quality 
D)  Coordinate competitors

The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to

One of the most important steps a firm can take in achieving a competitive position with regard to the eco-efficiency strategy is to

While developing the customer profile,it is important to include:

Assets purchased at preinflation prices is an example of:

The need to invest large financial resources in order to compete creates

New entrants to an industry bring:

The considerations involving the beliefs,values,attitudes and opinions of those in a firm's environment represent the ______.

Which of these is a determinant of entry,according to Porter?

Designing viable strategies for a firm requires a thorough understanding of the firm's:

Political factors define the ______ parameters within which firms must operate.

Differentiation of inputs represents a determinant of

Which of the following is a factor that does NOT foster brand identification?

Entrenched companies may have cost advantages not available to potential rivals.This is an example of:

The term ______ refers to the relationships among human beings and other living things and the air,soil and water that supports them.

Which of these,according to Porter is NOT a force driving industry competition?

This term refers to descriptive characteristics that can be used to differentiate groups of present or potential customers.

Exit barriers represent a determinant of

When we consider the level of disposable income,we are normally considering:

Which of these represent a key characteristic of eco-efficient corporations?

Customers have the power to:

Strategic Management

Company Mission

Corporate Social Responsibility and Business Ethics

The Global Environment

Internal Analysis

Long-Term Objectives and Strategies

Business Strategy

Multibusiness Strategy

Implementation

Organizational Structure

Leadership and Culture

Strategic Control

Innovation and Entrepreneurship

Filters

Exam 4: The External Environment

The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to

One of the most important steps a firm can take in achieving a competitive position with regard to the eco-efficiency strategy is to

While developing the customer profile,it is important to include:

Assets purchased at preinflation prices is an example of:

The need to invest large financial resources in order to compete creates

New entrants to an industry bring:

The considerations involving the beliefs,values,attitudes and opinions of those in a firm's environment represent the ______.

Which of these is a determinant of entry,according to Porter?

Designing viable strategies for a firm requires a thorough understanding of the firm's:

Political factors define the ______ parameters within which firms must operate.

Differentiation of inputs represents a determinant of

Which of the following is a factor that does NOT foster brand identification?

Entrenched companies may have cost advantages not available to potential rivals.This is an example of:

The term ______ refers to the relationships among human beings and other living things and the air,soil and water that supports them.

Which of these,according to Porter is NOT a force driving industry competition?

This term refers to descriptive characteristics that can be used to differentiate groups of present or potential customers.

Exit barriers represent a determinant of

When we consider the level of disposable income,we are normally considering:

Which of these represent a key characteristic of eco-efficient corporations?

Customers have the power to:

Strategic Management

Company Mission

Corporate Social Responsibility and Business Ethics

The Global Environment

Internal Analysis

Long-Term Objectives and Strategies

Business Strategy

Multibusiness Strategy

Implementation

Organizational Structure

Leadership and Culture

Strategic Control

Innovation and Entrepreneurship

Filters