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

Used 18+ times

Environmental Scanning and Industry Analysis

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View

Student View

47 questions

Show all answers

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

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

50 questions

Đố ai được 10 Vi mô

Quiz

•

University

45 questions

Administración Financiera 1er parcial TEORIA

Quiz

•

University

45 questions

QUIZ_UAS_PIE_1C

Quiz

•

University

50 questions

İqtisadiyyatın Tənzimlənməsi 1

Quiz

•

University

50 questions

General Principles

Quiz

•

University

46 questions

Podstawy Zarządzania

Quiz

•

University

42 questions

Tourism Economics - Final revision

Quiz

•

University

50 questions

LOGO QUIZ

Quiz

•

University

Popular Resources on Wayground

15 questions

Fractions on a Number Line

Quiz

•

3rd Grade

20 questions

Equivalent Fractions

Quiz

•

3rd Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

29 questions

Alg. 1 Section 5.1 Coordinate Plane

Quiz

•

9th Grade

$fractions$

22 questions

fractions

Quiz

•

3rd Grade

11 questions

FOREST Effective communication

Lesson

•

20 questions

Main Idea and Details

Quiz

•

5th Grade

20 questions

Context Clues

Quiz

•

6th Grade

Discover more resources for Business

12 questions

IREAD Week 4 - Review

Quiz

•

3rd Grade - University

7 questions

Fragments, Run-ons, and Complete Sentences

Interactive video

•

4th Grade - University

7 questions

Renewable and Nonrenewable Resources

Interactive video

•

4th Grade - University

10 questions

DNA Structure and Replication: Crash Course Biology

Interactive video

•

11th Grade - University

5 questions

Inherited and Acquired Traits of Animals

Interactive video

•

4th Grade - University

5 questions

Examining Theme

Interactive video

•

4th Grade - University

20 questions

Implicit vs. Explicit

Quiz

•

6th Grade - University

7 questions

Comparing Fractions

Interactive video

•

1st Grade - University

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

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Business