Question 1

Intensity of competition _______ in lower-return industries.

Accepted Answer

A)  is lowest 
B)  is non-existent 
C)  is highest 
D)  is not important 
E)  fluctuates 
A)  is lowest 
B)  is non-existent 
C)  is highest 
D)  is not important 
E)  fluctuates

Question 2

China's current rank in automobile production is:

Accepted Answer

A)  first 
B)  second 
C)  third 
D)  fourth 
E)  they do not rank in the top ten 
A)  first 
B)  second 
C)  third 
D)  fourth 
E)  they do not rank in the top ten

Question 3

Which company is the top buyer of green power?

Accepted Answer

A)  PepsiCo 
B)  Coca-Cola 
C)  Starbucks 
D)  Apple 
E)  IBM 
A)  PepsiCo 
B)  Coca-Cola 
C)  Starbucks 
D)  Apple 
E)  IBM

Question 4

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

Accepted Answer

A) True 
 B)False

Question 5

What is not one of Michael Porter's five competitive forces?

Accepted Answer

A)  New entrants 
B)  Rivalry among existing firms 
C)  Bargaining power of unions 
D)  Bargaining power of suppliers 
E)  Bargaining power of buyers 
A)  New entrants 
B)  Rivalry among existing firms 
C)  Bargaining power of unions 
D)  Bargaining power of suppliers 
E)  Bargaining power of buyers

Question 6

Forward integration is used by firms to gain control or ownership of suppliers.

Accepted Answer

A) True 
 B)False

Question 7

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

Accepted Answer

A) True 
 B)False

Question 8

Because of the Internet, barriers to personal and business success are

Accepted Answer

A)  being eliminated. 
B)  being built. 
C)  acting like glass walls. 
D)  significantly enhanced. 
E)  lower 
A)  being eliminated. 
B)  being built. 
C)  acting like glass walls. 
D)  significantly enhanced. 
E)  lower

Question 9

__________ is not part of an external audit.

Accepted Answer

A)  Analyzing competitors 
B)  Analyzing financial ratios 
C)  Analyzing available technologies 
D)  Studying the political environment 
E)  Analyzing social, cultural, demographic and geographic forces 
A)  Analyzing competitors 
B)  Analyzing financial ratios 
C)  Analyzing available technologies 
D)  Studying the political environment 
E)  Analyzing social, cultural, demographic and geographic forces

Question 10

Freund argues that key external factors must not be hierarchical.

Accepted Answer

A) True 
 B)False

Question 11

Market commonality is the extent to which the type and amount of a firm's internal resources are comparable to a rival.

Accepted Answer

A) True 
 B)False

Question 12

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called

Accepted Answer

A)  unethical business practice. 
B)  artificial intelligence. 
C)  competitive intelligence. 
D)  information sharing. 
E)  competitive advantage 
A)  unethical business practice. 
B)  artificial intelligence. 
C)  competitive intelligence. 
D)  information sharing. 
E)  competitive advantage

Question 13

Forecasts are educated assumptions about future trends and events.

Accepted Answer

A) True 
 B)False

Question 14

In 2006, china produced more automobiles than Germany.

Accepted Answer

A) True 
 B)False

Question 15

Population growth in Idaho makes it one of the five fastest growing states.

Accepted Answer

A) True 
 B)False

Question 16

Qualitative forecasts are most appropriate when historical data are available and when the relationships among key variables are expected to remain the same in the future.

Accepted Answer

A) True 
 B)False

Question 17

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

Accepted Answer

The answer of Identify five key economic variables that could...

Question 18

The bargaining power of consumers can be the most important force impacting competitive advantage.

Accepted Answer

A) True 
 B)False

Question 19

What is a CPM and how is it different from a EFE Matrix?

Accepted Answer

The Competitive Profile Matrix CPM) iden

Question 20

Population growth in Texas makes it the fastest growing state.

Accepted Answer

A) True 
 B)False

Intensity of competition _______ in lower-return industries.

China's current rank in automobile production is:

Which company is the top buyer of green power?

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

What is not one of Michael Porter's five competitive forces?

Forward integration is used by firms to gain control or ownership of suppliers.

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

Because of the Internet, barriers to personal and business success are

__________ is not part of an external audit.

Freund argues that key external factors must not be hierarchical.

Market commonality is the extent to which the type and amount of a firm's internal resources are comparable to a rival.

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called

Forecasts are educated assumptions about future trends and events.

In 2006, china produced more automobiles than Germany.

Population growth in Idaho makes it one of the five fastest growing states.

Qualitative forecasts are most appropriate when historical data are available and when the relationships among key variables are expected to remain the same in the future.

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

The bargaining power of consumers can be the most important force impacting competitive advantage.

What is a CPM and how is it different from a EFE Matrix?

Population growth in Texas makes it the fastest growing state.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Financeaccounting, RD, and Mis Issues

Strategy Review, Evaluation, and Control

Filters

Exam 3: The External Assessment

Intensity of competition _______ in lower-return industries.

China's current rank in automobile production is:

Which company is the top buyer of green power?

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

What is not one of Michael Porter's five competitive forces?

Forward integration is used by firms to gain control or ownership of suppliers.

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

Because of the Internet, barriers to personal and business success are

__________ is not part of an external audit.

Freund argues that key external factors must not be hierarchical.

Market commonality is the extent to which the type and amount of a firm's internal resources are comparable to a rival.

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called

Forecasts are educated assumptions about future trends and events.

In 2006, china produced more automobiles than Germany.

Population growth in Idaho makes it one of the five fastest growing states.

Qualitative forecasts are most appropriate when historical data are available and when the relationships among key variables are expected to remain the same in the future.

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

The bargaining power of consumers can be the most important force impacting competitive advantage.

What is a CPM and how is it different from a EFE Matrix?

Population growth in Texas makes it the fastest growing state.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Financeaccounting, RD, and Mis Issues

Strategy Review, Evaluation, and Control

Filters