CBME Quiz 1 External Assessment

An analysis of this includes exploring political, economic, social, technological, environment and legal factors that may influence the organization.

• industry environment

• national environment

• macro-environment

• micro-environment

The purpose of external assessment is to determine __________

• Strengths

• Weaknesses

• Threats

• Opportunities

the set of external conditions and forces that have the potential to influence the organization is called ________.

• environment

• external

• exterior

• setting

Answers the question “What do we want to become?”

• Vision

• Mission

• Objectives

• Goals

Consists of multiple organizations that collectively compete with one another by providing similar goods, services or both.

• macro-environment

• general environment

• competitive environment

• micro-environment

External assessment begins with evaluation of information.

• True

• False

A tool that can help companies assess industry attractiveness, how trends will affect industry competition, which industries a company should compete in—and how companies can position themselves for success.

• Poter’s  5 forces

• Porter’s 5 forces

• Lopter’s 5 forces

• Poter’s 5 forces

Answers the question - “What is our business?”

• Vision

• Mission

• Objectives

• Goals

Which business environment does not affect the function of the business?

• economic forces

• technological factors

• social factors

• lawful factors

The I/O View approach believes that external (industry) factors are more important than internal factors in a firm achieving competitive advantage.

• True

• False