Business Enviornment Analysis

An industry that most likely has both high barriers to entry and high barriers to exit<br />is the:

• Restaurant Industry
• Advertsiing Industry
• Automobile Industry
• Catering Industry

Michael porter’s five forces model does not include:

• Substitutes
• Suppliers
• Rivalary among Competitor
• None of Above

What is the main object of the michael porter’s five forces model:

• To understand where power lies outside the organization and what might impact the future of the business
• To understand where power lies within the organization and what might impact the future of the business
• To understand where power lies within the organization and what might impact the present of the business
• To understand where power lies outside the organization and what is impact the present of the business

Which of the following step is included in strategic analysis process?

• Performing an environmental analysis of current strategies
• Determining the effectiveness of existing strategies
• Recommending and implementation of the most viable strategy
• All of the above

A business strategy is mainly concerned with:

• Scope of business activities
• Growth of the business
• Proper collection of resources
• All of the above

Command economy except:

• Competition
• Govt resources of ownership
• Consumer choice
• Centrally planned

Analysing process of change in the Business environment involves conceptualizing it as:

• Dynamic
• Diverse
• Complex
• Static

Which of the following option is not an example of ‘market failure?

• Failure to account externalities
• Failure to produce merit goods
• Failure of a firm to maximize its profits (d)
• Failure to produce public goods

….................... .is a business analysis technique that an organization can perform for each of its products, services, and markets when deciding on the best way to achieve future growth:

• SWOT Analysis
• PESTLE Analysis
• Factor analysis
• All of the above

Which of the strategic tool is most commonly used for analysing the micro environment:

• SWOT Analysis
• PESTLE Analysis
• Factor analysis
• All of the above