Topic 4 Management

  When a manager attempts to monitor current events in the business environment to forecast future trends, we say that he or she is practicing ______ 

• environmental scanning

• horizontal integration

• diversification

• value-chain analysis

Nissan has launched a new car and offered a 5-year warranty to all customers. Toyota also offered a 5-year warranty to all their new customers.

 

What is the competitive force that has taken place between Nissan and Toyota, according to the text above?

• Threats of new entrants

            

• Threats of substitute products

• Rivalry among competitors

• Bargaining power of suppliers

Which of the following is a strength for an organisation?

• Low labour turnover.

        

• Small competitors in the home market.

• New market opportunities in Poland.

• Presence of non-price competition.

In March 2022, Louis Vuitton (LV) announced closure of its 120 stores in Russia, given the current circumstances in the region due to the Russo-Ukrainian War. What is the corporate strategy adopted by LV in Russia?

• Growth

• Defensive

• Stability

• Diversification

Louis Vuitton (LV) was in the first place in the BrandZ's top 10 most valuable luxury brands in 2019, with a worth of $47.2 billion.

• Cost-leadership

• Differentiation

• Cost-focus

• Focus-differentiation

Economists make assumptions based on the past data of GDP to estimate the next recession. They are using ____________

• Life-cycle analysis

• contingency planning

• trend analysis

• market survey analysis