BMNG 7311 QUIZ 3

The external environment encompasses all issues, occurrences, trends, etc. that are peripheral to the organisation and beyond its the control and may be  at the global, country and industry levels that might affect the ability of the organisation to attain its goals.

• TRUE

• FALSE

The internal environment relates to all aspects within the confines of the organisation and generally are within its control in particular its resources and capabilities that might affect the ability of managers to pursue certain actions or strategies which management typically has control.

• TRUE

• FALSE

Macro-environment analysis is a review of all the factors that a company is able to control.

• FALSE

• TRUE

The ultimate purpose of this analysis is to create a strategy that will leverage as many of these external factors as possible to the company’s favor.

Which analysis is this ?

• Macro- environmental analysis

• SWOT analysis

• scenario analysis

Competitive advantage can be ---------- from awareness and ability to predict impact of macroenvironmental changes

• gained

• lost

•Competitive advantage can be gained from awareness and ability to predict impact of macroenvironmental changes

• true

• false

Change in the macroenvironment may occur gradually or rapidly, with or without warning

• true

• false

SWOT analysis assists organizations in identifying and investigating possible future configurations of the wider business environment

• true

• false

Managers should conduct continuous analysis since changes frequently occur.

• true

• false

Macroenvironmental analysis has real or potential benefits for an organisation but it does not have limitations.

• true

• false