Which of the following is not descriptive of external environmental scanning?

C. used to identify major stockholders

A. used as a tool to ensure a corporation's long-term health

B. used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy

D. used as a tool for corporations to avoid strategic surprise

A sugar company that is worried that consumers may buy artificial sweetener instead of sugar is concerned about the

C. threat of substitute products.

B. rivalry among existing firms.

D. bargaining power of suppliers.

The corporation's task environment

B. includes those elements or groups within an organization's industry.

A. encompasses the physical working areas of the organization.

C. is an advisory committee to top management.

D. is an accounting of the many jobs within an organization.

What is the key outcome from PESTEL analysis?

B. Identification of the drivers for change

Which of the following are signs of weakness in a company's competitive position?

C. A declining market share, poor product quality and few sales in the market

A. A return-on-equity is below 25% and earning per share of less than Rs. 2.00

B. A price set by the firm higher than its rivals

D. Lower revenues and profit margin and narrow product line than the market leader

Political variables have a significant effect on:

A. strategy formulation and implementation

B. strategy formulation and evaluation

C. strategy implementation and evaluation

D. strategy formulation, implementation and evaluation

The purpose of a SWOT analysis is to analyze:

A. the business environment and the strategic capability of an organization relative to its competitors.

B. the strategic capability of an organization.

C. external and internal environments.

D. the business environment in which

All of the following are technological breakthroughs already having a significant impact on many industries EXCEPT

A. growing health consciousness.

C. genetically altered organisms.

According to Porter, the corporation is most concerned with

A. the intensity of competition within its industry.

B. the aggregate level of demand for a product line.

C. a market's position on its life cycle.

D. the amount of pressure from the societal environment.

The purpose of a SWOT analysis is to analyze:

A. the business environment and the strategic capability of an organization relative to its competitors

B. the strategic capability of an organization.

C. external and internal environments.

D. the business environment in which an organization operates.

"Identifying and evaluating key social, political, economic, technological and competitive trends and events". Which of the followings best describes this statement?

C. Performing an external audit

A. Developing an effective mission statement

B. Conducting an internal audit

The buyer power is likely to be high in these situations, except:

B. where the buyer can threaten to compete

A. where switching costs are low

C. where a few large customers account for the majority of sales

D. where ultimate consumer power is weak

The five forces that affect the level of competition in an industry are:

D. the threat of entry; the power of buyers; the power of suppliers; the threat of substitutes; and competitive rivalry.

A. the threat of entry; the power of buyers; the power of suppliers; the threat of substitutes; and government action.

B. the threat of buyers; the power of entry; the power of substitutes; the threat of suppliers; and the threat of recession.

C. the threat of recession; the power of buyers; the power of suppliers; the threat of management failure; and competitive rivalry.

Which barrier to entry was demonstrated by Microsoft's development of the first widely adopted operating system (MS-DOS) for the IBM-type personal computer that gave it a significant competitive advantage over potential competitors?

C. cost disadvantages independent of size

B. access to distribution channels

……………….is not part of an external audit.

C. Analyzing available technologies

D. Studying the political environment

Which of the following is not descriptive of a high level of bargaining power of suppliers?

A. Substitutes are readily available.

B. The product or service is unique.

C. The supplier industry is dominated by a few companies, but sells too many.

D. The purchasing industry buys only a small portion of the supplier group's goods and services.

The origin of competitive advantage lies in the ability to

B. identify and respond to environmental change well in advance of competition.

Which barrier to entry uses cost advantages associated with large size?

C. cost disadvantages independent of size

When General Motors considers making its own automotive parts, Delphi Automotive Supply Company would be concerned with the

A. bargaining power of suppliers.

C. rivalry among existing competitors.

Which barrier to entry do corporations such as P&G use to force new entrants to spend heavily to overcome existing customer loyalty?

A. rivalry among existing firms

Porter describes the threat of new entrants. Which of the following is not descriptive of the "threat of new entrants"?

D. does not impact industry attractiveness

A. depends on the presence of entry barriers

B. has a desire to gain market share

C. depends on the reaction of existing competitors

………………is/are the source of a firm's ………………., which is/are the source of the firm's……………….

A. Resources, capabilities, core competencies

B. Capabilities, resources, core competencies

C. Capabilities, resources, above average returns

D. Core competencies, resources, competitive advantage

One ground rule necessary for effective brainstorming is

B. propose ideas without mentally screening them.

A. scrutinize each idea generated.

C. calculating future earnings of each idea.

D. critique each idea for rationality.

____________ identifies a firm's major competitors and their particular strengths and weaknesses in relation to a sample firm's strategic position.

B. External Factor Evaluation matrix

C. Internal Factor Evaluation Matrix

D. Boston consulting group matrix

Environmental Scanning and Industry Analysis

Authored by TRAN QUAN

Business

University

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Environmental Scanning and Industry Analysis

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47 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Internal analysis enables a firm to determine what the firm

can do

should do.

will do.

might do.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Porter's model, a strong or high force is likely to reduce profits and can be regarded as a(n)

A. benefit.

B. opportunity.

C. advantage.

D. threat.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which societal force includes demographic trends?

A. political-legal forces

B. labor forces

C. economic forces

D. sociocultural forces

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a set of business units or firms that 'pursue similar strategies with similar resources'?

A. strategic group

B. collective collaboration

C. cooperative

D. integral association

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A formal program of gathering information on a company's competitors is referred to as

A. statistical modeling.

B. competitive intelligence.

C. competitive strategy.

D. quantitative forecasting.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a major force in the societal environment?

A. political-legal forces

B. labor forces

C. economic forces

D. technological forces

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the largest age group of the current generations in all developed countries?

A. Baby Boomers

B. Woofies

C. Silent Generation

D. Gen X

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Environmental Scanning and Industry Analysis

Internal analysis enables a firm to determine what the firm

According to Porter's model, a strong or high force is likely to reduce profits and can be regarded as a(n)

Which societal force includes demographic trends?

What is a set of business units or firms that 'pursue similar strategies with similar resources'?

A formal program of gathering information on a company's competitors is referred to as

Which of the following is not a major force in the societal environment?

Which is the largest age group of the current generations in all developed countries?

Which of the following is not descriptive of external environmental scanning?

According to Porter's model, a low force can enable the company to earn greater profits and can be regarded as a(n)

Those variables that can affect significantly the overall competitive positions of companies within any particular industry are known as

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